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Optec International Inc (OTCMKTS: OPTI) Revnues PPE Deal, and Up-Listing

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Optec International Inc (OTCMKTS: OPTI) is the penny stock runner that skyrocketed to highs of $0.195 earlier this year and speculators are patiently waiting for a return to these highs in the face of big things happening for OPTI. In a recent update to shareholders, management stated: “We plan on up-listing to the QB in the beginning of Q1 and have already started the process. Based on our current growth, we anticipate the Company will be preparing for an up-list to the Nasdaq at some point in the later part of 2021 or early 2022 as we currently meet many of the requirements for that exchange. Optec also expects that revenues will continue to exceed all expectations as several other large PPE deal are going to be completed in 2021.”

OPTI emerged as the penny stock leader in PPE when the Company reported it secured a $2 billion agreement with a large International Commodities Consortium for the supply of Brand Specific Personal Protection Equipment (PPE) products. Optec said it is finalizing the logistics portion of the order and is anticipating completion by the end of the month. Kevin Harrington and his group will also be launching a social media campaign marketing the iWand to their network and beyond. This campaign coupled with the promotional billboards around Los Angeles will continue to increase market awareness for this product.

Optec International Inc (OTCMKTS: OPTI) 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 and PPE (Personal Protection Equipment) products. The company’s Safe-Scan 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.

OPTI was one of the first Company’s to make moves in the coronavirus space as the deadly virus spreads around the world. Long before corona came along Optec had already perfect its high quality (Ultra-Violet) UV-C & UV Germicidal Non-Toxic Sanitization and Disinfection using Chemical Free technologies and products. The Company launched a number of exciting products into the space some that have been extremely successful such as the iWand; a portable UV-C LED disinfection device that Kills 99.99% of bacteria, viruses, and other contaminants on any surface in seconds. Optec has also executed a number of large wholesale transaction quantities of 3M KN 95 masks and other PPE equipment. Optec recently executed a definitive agreement for the supply of Brand Specific Personal Protection Equipment (PPE) products for a large International Commodities Consortium totaling in excess of $2 Billion Dollars US.

On December 9 OPTI management stated to shareholders: “I would like to start by thanking each and every one of our shareholders for their continued support of Optec International, Inc. I am pleased to report to you on our 2020 year to date progress and share our outlook for the balance of the year. The Company has grown tremendously over the year as evidenced by the increase in revenues, and we believe we are well positioned to continue to deliver value for our shareholders. Some of the developments we would like to highlight and update the shareholders on include:

We closed a $5,000,000 funding deal with RB Capital Partners, Inc., creating a solid financial foundation for growth in the coming year. As of today, RB Capital has funded $4,600,000 of the $5,000,000 deal with Optec. The primary use of funds has been for the iWandä production and distribution in addition to financing the PPE deal. The funding partnership not only signifies the support of a long-term financial partner, but also indicates that we have paid off all other harmful debt. The investment money provided by RB Capital is completely non-toxic, non-dilutive and is in the best interest of the Company and the shareholders as the it has a fixed conversion price of $0.70 per share.

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OPTI

The company is finalizing the logistics portion of the recent $2B PPE purchase order and is anticipating completion by the end of the month. It is expected that the revenue portion of this transaction will be reported on the December 31, 2020 quarterly report.

We surpassed our previous quarter’s income and revenue by over 600% for the period ending September 30, 2020. The Company surpassed its $4,000,000 projection for the quarter ending September 30th and, in fact, showed revenue and income totaling $6,284,609 and a net income of $3,381,730. In addition, the Company has paid in full all previous convertible institutional notes and the interest and liabilities associated with those notes. We project an increase in revenue over last quarter for Q4.

Optec appoints Dr. Drew Pinsky, nationally known television, radio, and podcasting host and New York Times bestselling author as Brand Ambassador. Dr. Drew will help to open up increased distribution opportunities. We announced a new agreement with Vinco Ventures, Inc.

We have successfully launched our Touchless Safe- Scanners and Rovers within several different school districts. To date, we have implemented our Touchless Safe-Scanners and Rovers to both local and nationwide school districts. It remains to be seen when all schools will be given the green light to fully re-open, but we have strong relationships with several school districts around the country to be able to ship more product and enable a safe re-open when allowed.

The Harrington Group is launching a nation-wide Campaign for the iWandä. Kevin Harrington and his group will be launching their own social media campaign marketing the iWandä to their network and beyond. This campaign coupled with the promotional billboards around Los Angeles will continue to increase market awareness for this product.

Forecast and Outlook for 2021. We plan on uplisting to the QB in the beginning of Q1 and have already started the process. We also plan on applying for Penny Stock Exempt status as we will soon meet the criteria. Based on our current growth, we anticipate the Company will be preparing for an uplist to the Nasdaq at some point in the later part of 2021 or early 2022 as we currently meet many of the requirements for that exchange. Optec also expects that revenues will continue to exceed all expectations as several other large PPE deal are going to be completed in 2021.

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OPTI is one of the most exciting stories in small caps that has gained serious traction in the face of coronavirus. Long before corona came along Optec had already perfected its high quality (Ultra-Violet) UV-C & UV Germicidal Non-Toxic Sanitization and Disinfection using Chemical Free technologies and products.  In a recent update to shareholders, management stated: “We plan on up-listing to the QB in the beginning of Q1 and have already started the process. Based on our current growth, we anticipate the Company will be preparing for an up-list to the Nasdaq at some point in the later part of 2021 or early 2022 as we currently meet many of the requirements for that exchange. Optec also expects that revenues will continue to exceed all expectations as several other large PPE deal are going to be completed in 2021.” OPTI emerged as the penny stock leader in PPE when the Company reported it secured a $2 billion agreement with a large International Commodities Consortium for the supply of Brand Specific Personal Protection Equipment (PPE) products. Optec said it is finalizing the logistics portion of the order and is anticipating completion by the end of the month. Kevin Harrington and his group will also be launching a social media campaign marketing the iWand to their network and beyond. We will be updating on OPTI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OPTI.

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Disclosure: we hold no position in OPTI either long or short and we have not been compensated for this article.

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