Business
OPTEC INTERNATIONAL Inc Annual Report Information Statement
OPTEC INTERNATIONAL Inc Annual Report Information Statement.
About this update from Optec International, Inc.
[{"type":"text","content":"VISTA, CA / ACCESSWIRE / October 22, 2021 / OPTEC International, Inc. (OTC PINK:OPTI) today announced a summary annual review for the filing period July 1st, 2020 - June 30th, 2021.The period reflected from July 1st, 2020, to June 30, 2021, represents the company's previous stated fiscal year, the fiscal year end has since been modified to December 31st for all subsequent years. The company's next quarterly report for period ending September 30, 2021, due by November 15, 2021 (formerly Q1) will now be recognized as Q3 and the December 31st, 2021, Filing will be the updated Annual 10K.The change brings the company's Quarterly reports into more sequential filing order as recognized with most publicly traded companies.Prior to the pandemic the company produced a series of high quality Off-Grid Solar LED commercial and security light products and was planning the production of a new series of Trailer-Mounted Solar Power generators primarily designed for ease of power on-demand in such emergency situations such as disaster relief, power outages and back-up generator systems for healthcare, schools and senior centers. The company additionally produced the recognized patented Fuel Maximizer products, one of the few US made automotive emission reduction, fuel economy and performance products to receive multiple California Air Resource Board (CARB) executive orders.For the quarter ending September 30, 2020, the pandemic began reaching astronomical levels worldwide, and as OPTEC began expanding UV & UVC product lines for non-toxic sterilization and disinfection solutions, in particular the "OPTEC iWand" the expansion into the rapidly growing PPE market became more aggressive. This growth created demand for bigger facilities and distribution and increasing the company's revenues and profitability. This created additional levels of opportunity in the PPE market including the $2B consortium order and the introduction of the OPTEC Shield, Non-Toxic wipes products, The OPTEC Bio-Mask another highly protective form of facial coverings, often mandated at this time across the country. The company acquired 72% of Z2O the "Uber of Cleaning" technology from Amazon Management, LLC. The company added the 20,000 square feet Scott Street distribution center to the property portfolio. The company finalized the payments in full off...