LOI for Acquisition of Established
Medical Supply Company to Localize
CARLSBAD, CA -- September 9, 2021 -- InvestorsHub NewsWire
-- OPTEC International, Inc. (OTC Ticker: OPTI) today announced the company
has executed an LOI (Letter of Intent) for the acquisition of a
West Coast, established medical supply company with over 25 years
of operations in the medical supply industry. The company has also
recently expanded supplies in the PPE sector in addition to the
mainline medical supplies used across the world.
The company has also established purchasing agreements with
US and overseas manufacturers in the medical sector. Annual
revenues are currently approximately in the region of $10M,
with significant possibilities for growth.
The long-term goal is to establish localized medical supply
distribution centers, that can provide service to small and
large clients with same day and next day deliveries. The company
believes there is a huge demand and opportunity in the same
day/next day deliveries that is currently underserved, similar to
how Amazon created several years ago to service the retail
The terms of the acquisition will be announced upon completion of
the definitive agreement at the request of the seller. Closing of
the transaction is expected to finalize in October 2021, or sooner
The addition of this medical supply company in addition to OPTEC's
current subsidiaries adds growth and purchasing power to the
company's expanding operations and at the same time adding
noticeable additional annual revenue to the consolidated financials
of Optec International.
Optec further today announced the appointment of a new in-house
Social Media director based at the company's new Park Center,
Location in Vista, California.
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
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. OPTEC
Investor Relations Contact:
(760) 621-0062 / Mike@MountaintopMedia.net
SOURCE: Optec International, Inc.