Optec Internatio Stock Price, News & Analysis

OPTEC International, Inc. (OTC: OPTI) announced that its Z2O division has hired three new full-time administrative staff at its new Vista Headquarters to support the upcoming launches in San Diego and Miami. The project manager anticipates further hires in the coming months as Z2O plans to open a minimum of 10 additional locations by the end of 2021, with over 20 more in 2022. This expansion aims to provide essential services and create employment opportunities while supporting schools during their reopening. Z2O is also preparing for operations in Greece in partnership with Rafina Innovations.

OPTEC International, Inc. (OTC PINK:OPTI) has engaged DBB McKennon to conduct financial audits for 2019 and 2020. The accounting firm is PCAOB certified and located conveniently near OPTEC's Vista headquarters. A successful audit will allow OPTEC to reinstate its OTC QB reporting and pursue an uplisting to the Nasdaq exchange. CEO Roger Pawson emphasized the importance of this audit in showcasing the company’s financial health. OPTEC specializes in Fuel Maximizer products, UV technologies, and PPE amidst growing safety concerns due to the pandemic.

OPTEC International, Inc. (OTC: OPTI) has acquired a controlling interest in Rafina Innovations (OTC: VICA) to drive global expansion. Rafina focuses on advanced medical technology, holding multiple patents, and recently acquired C-Pharm Ltd, reporting over $1.7 million in revenues for Q1 2021. This acquisition will enhance OPTEC’s reach in the pharmaceutical sector, particularly with major shipping lines. The collaboration aims to bolster sales and shareholder value while introducing OPTEC's Z2O technology to pandemic-hit regions.

OPTEC International's subsidiary, WeShield, reported year-to-date revenues of $40 million with an EBITDA of $6.7 million (17% margin) for 2021. Q2 revenues reached $19.2 million with EBITDA of $3.5 million (19% margin). In 2020, WeShield generated $59 million in revenue with an EBITDA of $5.6 million. The company predicts growth driven by new long-term contracts, a new group purchasing division, and expansion into mobile COVID testing and vaccinations. CEO comments reflect optimism regarding operational efficiency and growth.

OPTEC International, Inc. (OTC PINK: OPTI) has partnered with Bitcoin mining firm Solteir to implement a renewable energy mining program using OPTEC's solar paneled generators. The pilot project will commence in early Fall 2021 at Solteir's facility in Pennsylvania, with plans to expand operations to Carlsbad. This partnership aims to minimize environmental impact while enhancing profitability for cryptocurrency miners. The collaboration was facilitated by Aleksandr Likhtenstein from WeShield, OPTEC's subsidiary, emphasizing a commitment to cleaner mining practices.

OPTEC International announced the acquisition of a new 50,000 sq ft corporate and distribution facility in Vista, CA, set to open fully by August 1. This facility will serve as the main distribution hub for OPTEC and its subsidiaries, consolidating operations to enhance oversight and efficiency. The company is also finalizing negotiations for further acquisitions with a positive revenue outlook. Additionally, OPTEC's Z2O service expansion continues, with new launches planned in Miami and San Diego.

OPTEC International, Inc. (OTC PINK:OPTI) has announced its plan to enhance the launch of its Z2O cleaning services in San Diego starting in early August. The company has acquired four OPTEC-Z2O service vehicles to support this expansion. This initiative follows the successful pilot program in Austin, Texas, and aims to establish Z2O's presence in major U.S. cities, including Miami. The company is also integrating We Shield AI technology for effective marketing. The expansion is part of a broader strategy to offer proactive solutions against pandemics through cleaning and sterilization services.

OPTEC International, Inc. (OTC: OPTI) recently released its 2020 audited financials for its subsidiary WeShield, revealing sales of over $59 million and EBITDA of more than $5.6 million. The announcement included the launch of WeShield Together, a new purchasing division expected to generate an additional $25 million in annual revenue. WeShield's sales to the U.S. casino industry showed a 50% growth in Q2 compared to Q1. OPTEC is also expanding its Z2O services to Miami and plans to enhance marketing using WeShield's AI technology.

OPTEC International, Inc. (OTC PINK:OPTI) has released audited financials for its newly acquired subsidiary, We Shield, an AI-driven MedTech company specializing in PPE. We Shield reported over $59 million in sales and an EBITDA of over $5.6 million. The acquisition, supported by a strong management team, aims to enhance OPTEC's market strength and profitability. OPTEC is also working to complete its audited financials to up-list to OTCQB, with positive growth expectations following integration of We Shield’s operations.