CARLSBAD, CA / ACCESSWIRE / July 9, 2021 / OPTEC International, Inc. (OTC PINK:OPTI), a developer of UV and UV-C safety products using related advanced technologies specific to Personal Protection Equipment (PPE), and supplier of wholesale Medical PPE today released the following corporate update:
This week, OPTEC International, Inc. (OTC ticker: OPTI) released 2020 audited financials of the newly acquired subsidiary, WeShield, an artificial Intelligence-Driven MedTech company. The report shows that WeShield, a New York-based AI (Artificial Intelligence) driven MedTech company in the PPE space, generated over $59 million in sales with EBIDTA of over $5.6 million. The audit was performed by SAX LLP, a Top 100 accounting, tax, and advisory firm, and Wiss & Company LLP managed alongside WeShield's CFO Katharine Harris.
WeShield also announced their new purchasing division called "WeShield Together." This group will contain over 25 outside commodity-based sales organizations and brokers who will retain WeShield as their purchasing experts to help drive down rising costs and increase supply chain efficiency. Further details about "WeShield Together" and the partnering organizations will be announced in early Q3, 2021. WeShield is projecting an additional $25 million in revenue from this new division annually.
It was also announced by OPTEC International, Inc. that the company is expanding Z2O services to Miami, Florida this month as part of the nationwide expansion for the company's "Uber of Cleaning" proprietary APP-based services. After the successful Z2O pilot program launch in Austin, Texas, the company is now focusing on Miami and then San Diego. OPTEC plans to use WeShield's AI sales and marketing technology for targeted marketing of the Z2O services across the US as well as international sectors further capitalizing on WeShield's seasoned sales and marketing teams.
WeShield hires two additional Senior sales associates (both SVP of sales) to manage new growth from the integration of OPTEC's suite of products and services.
WeShield sees almost 50% growth Q2 ($1.319m) over Q1 ($909k) in PPE sales to the US casino industry. WeShield now boasts a roster of some of the largest casino brands nationally and is now the exclusive provider of nitrile gloves to Caesars Entertainment for all their Las Vegas properties.
OPTEC CEO, Roger Pawson, commented, "WeShield's audited financials, OPTEC's products being marketed via artificial intelligence, growth in non-medical industries proving the PPE industry is the begining of future expansion and the beginning stages for up-listing. additionally as the company grows we will continue with corporate updates ".
WeShield President, Erika London, commented, "The most meaningful takeaway from this update is the growth within the non-health care sector. This demonstrates we will see continued success as we add the hospitality industry to our sales and marketing strategy. We have yet to perform significant targeted outreach to the hotel, restaurant, and live entertainment industries and will be starting this initiative towards the end of the summer. The largest casinos in the world trust WeShield & OPTEC to protect their employees and guests and we are confident many others in the industry will follow."
WeShield is deeply ingrained in the Wholesale Medical sector 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. This AI driven MedTech company is on track for substantial growth. www.weshield.us
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 International Inc.
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SOURCE: Optec International, Inc.