OPTEC INTERNATIONAL'S GPO, WESHIELD TOGETHER, OFFICIALLY LAUNCHES WITH $2 MILLION IN SALES IN FIRST TWO WEEKS FROM 32 VENDORS
August 30 2021 - 9:00AM
InvestorsHub NewsWire
NEW YORK CITY, NY -- August 30, 2021 -- InvestorsHub
NewsWire -- OPTEC International, Inc. (OTC PINK:OPTI) -- Today the company announced
the official launch of a new group purchasing division via their
newly acquired, wholly owned subsidiary, WeShield, called "WeShield
Together." Since starting at the beginning of August, the group has
transacted with 32 outside commodity based sales organizations and
brokers who have retained WeShield as their purchasing wing to help
drive down rising costs on globally stressed goods from overwhelmed
supply chains in the wake of the global pandemic. The group expects
to grow into other commodities in the near future.
The first two weeks of its launch netted over $2 million in sales
via PPE & medical supplies. The Delta Variant's surge is
driving the higher than expected sales. Optec is eyeing the
Lambda and Omega variants and securing additional supply partners
to keep up with the increased demand.
WeShield CEO Michael Sinensky commented,"WeShield continues to
successfully establish itself as a leader in the PPE and medical
supply space. After being named the 53rd fastest growing company in
the nation by Inc.5000, we have seen an increase in inquiries from
commodity based sales companies and brokers to join "WeShield
Together" to help protect their purchases in light of rising fraud
due to the Delta variant surge. In addition, we are collectively
all saving money with our combined purchasing power, which will go
straight to the bottom line."
About OPTEC International, Inc.
With Locations in Carlsbad and Vista, California, OPTEC
International is a developer and manufacturer of the OPTEC Fuel
Maximizer products along with electronic LED, Ultraviolet (UV)
& UV-C safety products and related advanced technologies and
PPE (Personal Protection Equipment) products. The company's
Temperature Scanning product line is being launched at a time when
HR directors and facilities managers are experiencing extreme
concern with respect to keeping environments safe during the global
pandemic crisis and the safe reopening of the U.S. economy. For
more information, visit: www.optecintl.com
About WeShield
WeShield, a wholly owned subsidiary of OPTEC International, Inc.
(OTC PINK:OPTI), provides personal protective
equipment (PPE) and safety supplies to hospitals, retail and
hospitality brands, government agencies and other businesses and
organizations. The company is powered by a proprietary AI-driven
sales and marketing process, and has quickly established itself as
one of the leading medtech suppliers in the industry. In Q1/Q2 of
2021, WeShield posted total revenues of $40 million with EBIDTA of
$6.7 million, or 17% of revenue, and has been ranked 53rd of 5000
on the annual Inc. 5000 list. WeShield reports heavy growth in both
the PPE and medical supply sectors, supplying PPE safety products
to some of the largest government agencies (DLA, VA, NYCHA),
hospitals and healthcare networks (Wellstar, Mt.Sinai, Planned
Parenthood) retail and hospitality brands (GAP, Gucci, Hard Rock,
Caesars Entertainment, and more in the U.S. For more information
visit https://weshield.us/
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
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