NEW YORK, NY -- August 17, 2021 -- InvestorsHub NewsWire --
WeShield – a
subsidiary of Optec International – OTC MARKETS OPTI has been ranked 53rd of 5000
on the annual Inc. 5000 list, the most prestigious ranking of the
nation's fastest-growing companies. The list represents a unique
look at the most successful organizations within the American
economy's most dynamic segment— independent small
businesses.
With close to $100 million in revenue, WeShield saw
exponential growth over the past year and a half due to
unprecedented demand for personal protective equipment. The company
expects to continue on this trajectory to keep up with the evolving
global needs for PPE and medical supplies. While the company was
initially founded to assist organizations in gaining access to
much-needed safe and effective PPE materials while helping to avoid
price-gouging and fraud, WeShield's use of a proprietary AI-powered
sales and marketing engine engaged long-term clients within
national hospital networks, government agencies, retailers and
hospitality groups. This vast customer base across several
verticals led to its impressive 10,000% annual gains, pushing it to
number 53 on the Inc. 5000 list for 2021.
"Demand for PPE has always been high in certain
sectors, but due to the Covid-19 pandemic, it has exploded and is
on pace to grow to over a hundred billion dollar industry globally
within the next five years. With our ability to move quickly,
WeShield became a lifeline to many organizations navigating safety
protocols," comments Roman Vinfield, co-founder and Chief Revenue
Officer at WeShield. "We've seen tremendous growth and are honored
to be recognized as no. 53 in this year's Inc. 5000 list. We're
laser-focused on continuing to grow and support businesses
nationwide and look forward to what our company's future has in
store."
WeShield is in good company with this year's other
winners. Not only have the companies on the 2021 Inc. 5000 been
very competitive within their markets, but this year's list also
proved exceptionally resilient and flexible given 2020's
unprecedented challenges. Among the 5,000, the average median
three-year growth rate soared to 543 percent, and median revenue
reached $11.1 million. Together, those companies added more than
610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are
featured in the September issue of Inc., which will be available on
newsstands on August 20.
"The 2021 Inc. 5000 list feels like one of the most
important rosters of companies ever compiled," says Scott
Omelianuk, editor-in-chief of Inc. "Building one of the
fastest-growing companies in America in any year is a remarkable
achievement. Building one in the crisis we've lived through is just
plain amazing. This kind of accomplishment comes with hard work,
smart pivots, great leadership, and the help of a whole lot of
people."
Methodology
Companies on the 2021 Inc. 5000 are ranked according
to percentage revenue growth from 2017 to 2020. To qualify,
companies must have been founded and generating revenue by March
31, 2017. They must be U.S.-based, for-profit, and independent—not
subsidiaries or divisions of other companies—as of December 31,
2020. (Since then, some on the list may have gone public or been
acquired.) The minimum revenue required for 2017 is $100,000; the
minimum for 2020 is $2 million. As always, Inc. reserves the right
to decline applicants for subjective reasons. Growth rates used to
determine company rankings were calculated to three decimal places.
There was one tie on this year's Inc. 5000. Companies on the
Inc. 500 are featured in Inc.'s September issue. They represent the
top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc.
Media
The world's most trusted business-media brand, Inc.
offers entrepreneurs the knowledge, tools, connections, and
community to build great companies. Its award-winning multiplatform
content reaches more than 50 million people each month across
various channels, including websites, newsletters, social media,
podcasts, and print. Its prestigious Inc. 5000 list, produced every
year since 1982, analyzes company data to recognize the
fastest-growing businesses in the United States. The global
recognition of inclusion in the 5000 allows the founders of the
best companies to engage with an exclusive community of their peers
and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Vision Conference is part of a highly
acclaimed portfolio of bespoke events produced by Inc. For more
information, visit www.inc.com.
For more information on the Inc. 5000 Vision
Conference, visit http://conference.inc.com/.
About OPTEC
International, Inc.
With Locations in Carlsbad and Vista, California,
OPTEC International is a developer and manufacturer of electronic
LED, Ultraviolet (UV) & UV-C safety products and related
advanced technologies, fuel maximizing, and solar energy and PPE
(Personal Protection Equipment) products. The Company's Safe-Scan
product line is launching when HR directors and facilities managers
are experiencing an extreme concern for keeping environments safe
during the global pandemic crisis and the safe reopening of the US
economy. For more information, visit www.optecintl.com.
About
WeShield
WeShield, a wholly-owned subsidiary of OPTEC
International, Inc. (OTC PINK: OPTI), posting Q1 & Q2 total
revenues of $40 million with EBITDA of $6.7 million, or 17% of
revenue.
Audited financials in 2020 for WeShield were recently
released, showing the Company generated $59 million in revenue with
an EBITDA of $5.6 million or about 10%. The Company reports heavy
growth in both the PPE and medical supply sectors.
WeShield.us is deeply ingrained in the wholesale
medical industry, supplying PPE safety products to customers,
including GAP, Caesars Entertainment, Hard Rock, Defense Logistics
Agency (DLA), NYC Housing Authority (NYCHA), Concordance, Henry
Schein, Medline, and more.
Safe Harbor Statement: Safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified
by phrases such as Opti, OPTEC or its management 'believes,'
'expects,' 'anticipates,' 'foresees,' 'forecasts,' 'estimates,' or
other words or phrases of similar import. Similarly, statements
herein that describe the Company's business strategy, outlook,
objectives, plans, intentions, or goals also are forward-looking
statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements.
CONTACT:
Steph Rosenblum Hadas
weshield@5wpr.com
(212) 999-5585
Optec (CE) (USOTC:OPTI)
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