Business
WeShield Responds To OPTEC International, Inc. Information Statement
WeShield Responds To OPTEC International, Inc. Information Statement.
About this update from Optec International, Inc.
[{"type":"text","content":"\n\n\n\nWeShield Responds To OPTEC International, Inc. Information Statement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWeShield Responds To OPTEC International, Inc. Information Statement\nPR Newswire\nNEW YORK, Oct. 20, 2021\n\n\n\nNEW YORK, Oct. 20, 2021 /PRNewswire/ -- WeShield, a wholly-owned subsidiary of OPTEC International, Inc. (OTC PINK: OPTI) was made aware of a complaint filed against it by its parent, Optec, in the United States District Court for the Southern District of New York.  \n\n \n \n \n \n \n \n\n \nThe allegations in the newly-filed lawsuit are wholly without merit and will be appropriately addressed and responded to in court. At bottom, however, the complaint seems to allege that the recent merger between Optec and WeShield did not take place. This is contrary to the facts, as is apparent from the many public statements and actions taken by OPTEC International, Inc.'s CEO, Roger Pawson.\nContrary to the allegations in the lawsuit, Pawson has publicly acknowledged that the recent merger was  completed on no fewer than nine occasions over the past several months.  \nOptec's Shareholder Announcement Regarding the Acquisition of WeShield\nOPTEC International, Inc. Completes $70M Acquisition of WeShield, An Established AI Driven NY MedTech Company In the Medical Supply & PPE Space\nOptec International's Newly Acquired Subsidiary WeShield, A New York Based MedTech Company, Releases First Shareholder Update\nOptec International, Inc to Launch Group Purchasing Division \"Weshield Together\" Projecting an Additional $25 Million in Revenue Annually\nOptec International's Recent Acquisition of Artificial Intelligence Driven Medtech Company With Sales of $59 Million Audited Financials Released\nOptec International's Wholly-Owned Subsidiary, Weshield Posts Q1 and Q2 Revenues of $40 Million With EBITDA of $6.7 Million\nOptec International and Its Subsidiary, Weshield, See Over 100% Increase in PPE Orders Over Previous Month Due to Delta Variant\nInc. 5000 Names WeShield, an Optec International Subsidiary, as the 53rd...