OPTEC INTERNATIONAL AND ITS SUBSIDIARY, WESHIELD, SEE OVER 100% INCREASE IN PPE ORDERS OVER PREVIOUS MONTH DUE TO DELTA VARIANT
16 Août 2021 - 3:15PM
InvestorsHub NewsWire
CARLSBAD, CA -- Aug 16, 2021 -- InvestorsHub NewsWire -- As
the United States and the rest of the world deal with the surge of
infections of Covid-19 due to the highly contagious Delta Variant,
companies with a heavy focus on PPE and medical supplies are seeing
significant sales volume increases. Optec International (OTC Ticker: OPTI) and its wholly-owned MedTech
company, WeShield, have seen orders from clients up over 100% month
over month due to a heavy increase in demand.
The two companies combine to have approximately 20 orders averaging
roughly $20,000 per order on any given business day. But during
August, that has more than doubled and is expected to get even
busier in the fall and winter entering into 2022. Both companies
are also keeping a close eye on the Lambda Variant. Early reports
show the South American mutation is infecting patients faster than
the Delta Variant, but many epidemiologists' more prominent concern
is Lambda's ability to infect more vaccinated patients.
OPTEC CEO Roger Pawson commented, "We are concerned at the supply
chain stress level that we are witnessing in the medical community
in the United States and abroad as Delta ravages the global
community. With our recent acquisition of WeShield, we expect to
keep up with demand to satisfy client orders as quickly as
possible. We also believe we will need to replenish our inventory
in September & October based on the heavy demand. We expect
this jump to translate to large spikes in revenues, but we also see
this becoming the norm from now on."
WeShield CEO Michael Sinensky commented, "The Covid-19 virus
continues to learn how to bypass everything we throw at it, and
this is resulting in continuous unexpected surges in infections and
hospitalizations. The pandemic is causing everyday citizens to put
massive stress on the global supply chain of PPE and medical
supplies, which was only set up for health and industrial sectors.
But when every person in the world requires it, which you see
because of this pandemic, you will have a significant demand spike
and supply shortage. This fall will see prices of PPE skyrocket as
supply runs out quickly, so please stock up now for the long
haul."
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, fuel maximizing, and solar energy and PPE (Personal
Protection Equipment) products. The Company's Safe-Scan product
line is launching when HR directors and facilities managers are
experiencing an extreme concern for keeping environments safe
during the global pandemic crisis and the safe reopening of the US
economy. For more information, visit www.optecintl.com.
About WESHIELD
WeShield, a wholly-owned subsidiary of OPTEC International, Inc.
(OTC PINK: OPTI), posting Q1 & Q2 total
revenues of $40 million with EBIDTA of $6.7 million, or 17% of
revenue.
Audited financials in 2020 for WeShield were recently released,
showing the Company generated $59 million in revenue with an EBIDTA
of $5.6 million or about 10%. The Company reports heavy growth in
both the PPE and medical supply sectors.
WeShield.us is deeply ingrained in the wholesale medical
industry, 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.
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.
Michael Iorlano
760 621-0062 / Mike@MountaintopMedia.net
SOURCE: Optec International, Inc.
Optec (CE) (USOTC:OPTI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Optec (CE) (USOTC:OPTI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024