OPTEC International, Inc. Discusses $2 Billion PPE Order with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - November 16, 2020) - The Stock Day Podcast welcomed OPTEC International, Inc. (OTC Pink: OPTI) ("the Company"), a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. CEO of the Company, Roger Pawson, joined Stock Day host Everett Jolly.
Jolly began the interview by commenting on the Company's significant increase in revenue, and noting that they recently paid off all of their convertible notes. "It was a little bit of a challenge, but we got it all done. You can see the impact in the stock stabilizing now that the dilution from those toxic notes has ended and it's performing very well," said Pawson. "We're very happy with the company's growth and expansion," shared Pawson, adding that the Company is now profitable with the increasing revenues.
Jolly then asked about the valuations of two of the Company's patents, as well as the completion of multiple distributorship agreements. "We went public with the two patents after they were approved as 'patent pending' and we submitted them to a professional evaluation company," said Pawson. "We haven't yet had the results from that company," he added, noting the extensive process. "Conservatively, they were valued at $2.5 million each," explained Paswon, adding that without the official documentation from the evaluation company, the patents have not been included in their list of assets. "That will appear in the next quarterly report, which ends December 31st."
"We now have a total of eight distributors with several others in negotiation right now," said Pawson. "The Greek distributorship was completed; they have been ordering product," he added. Pawson then explained that the Company will be updating their website with a new list of distributors once the distributors add the Company's products to their own sites. "That's the reason we haven't uploaded the distributors yet."
The conversation then turned to the Company's International Advisory Board. "The Advisory Board is in full tact," said Pawson before elaborating on the Company's current members. He then shared that Dr. Drew Pinsky, the acclaimed radio and television doctor, has been appointed to their International Advisory Board as of November 12th, 2020.
"Does the company plan on uplisting from the pink sheets?", asked Jolly. "We've actually taken some serious steps towards that now," said Pawson. "We announced the $2+ billion PPE order," shared Pawson. "It's absolutely 100% real, it is in progress right now," he continued. "With those kinds of revenues and profits, it only makes sense for us to uplist, not only to the OTCQB and OTCQX, but ultimately to NASDAQ."
Jolly then asked for more details about the Company's $2 billion PPE order. "We're not at this point going to be able to release the name, but it is an international commodities entity," shared Pawson. "We've been working on fulfillment almost immediately," he said. "From a profitability standpoint, obviously it's profitable for the company. We can't divulge the percentage at this point, for obvious reasons, but of course it will show in the December 31st quarterly report," continued Pawson. "We're really happy with it. There's a huge logistics operation attached to that."
Pawson then elaborated on the PPE order and the type of product it includes. "What I can tell you is that it's related to the medical industry during the pandemic - it's face masks, gowns, and hospital-grade gloves, as well as hospital-grade sterilization wipes," said Pawson. "The logistics I expect from this single order is almost 1,000 53-foot trailers. So, it's a huge operation."
To close the interview, Pawson thanked listeners and shareholders for their support as the Company continues to expand aggressively. "We're moving forward, we're expanding our operations and our staff, and we're probably going to need another facility before the end of the year."
To hear Roger Pawson's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7730955-optec-international-inc-discusses-2-billion-ppe-order-with-the-stock-day-podcast.
About OPTEC International, Inc.
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. For more information visit: www.optecuvc.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.
OPTEC International, Inc.
Investor Relations Contact:
516-662-9461 / Andrew@barwicki.com
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68262