Game-Changer: Optec International, Inc. Acquires WeShield
OPTEC International, Inc. Completes $70M Acquisition of WeShield, An Established AI Driven NY MedTech Company In the Medical Supply & PPE Space.
CARLSBAD, CA / ACCESSWIRE / June 8, 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:
The company today announced the execution of the 100% acquisition of WeShield for $70 million in a combination of cash and preferred shares.
WeShield, who recently received the following award, is an established New York based AI (Artificial Intelligence) Driven MedTech company in the PPE space with 2020 audited revenues in excess of $55Mn.
WeShield is extremely well ingrained in the Wholesale Medical sector supplying PPE safety products to: 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 and projecting revenues of over $100Mn for 2021. The company has a very strong, well-structured management team and uses advanced marketing technology to fuel both the company's operations and continual growth.
OPTEC management is confident the acquisition will generate additional market strength, pro-fits and shareholder value for OPTEC while simultaneously adding additional strength to OPTEC's management team.
Further explanation of the terms of the deal as well as upcoming procedures and business operations between both companies in regards to the acquisition, will take place on a shareholder Zoom call, scheduled for viewing on Thursday, June 10th, 1:15pm PST. The call will be pre-recorded a day earlier. The call will include Optec CEO, Roger Pawson and WeShield executives; CEO Michael Sinensky, President Erika London, COO Amy Bove, and CFO Katharine Harris.
OPTEC CEO, Roger Pawson, commented, "The acquisition of WeShield is complete. By adding an established AI driven sales and marketing platform to OPTEC, we are confident we will immediately reap the rewards from adding WeShield's team and tech to market and sell OPTEC products. In addition to these synergies, we expect to add over $100Mn in 2021 projected sales from WeShield."
WeShield President Michael Sinensky commented, "We're joining OPTEC today! Our team is ready to showcase their full suite of products to our client base of healthcare institutions, government agencies, Fortune 500 companies and businesses throughout the retail and hospitality verticals. Our original plan to move further into the health care space, including mobile testing and vaccinations, medical and non-medical staffing, partnerships with labs and urg-ent care facilities, and telemedicine will happen much faster than expected now under the OPTEC umbrella. The core WeShield team is all staying on board to see this through."
Read the full article here.
On top of this game-changing acquisition, OPTI has 5 potential breakout catalysts you'll need to know before Monday.
Let's get started...
Your No. 1 Potential Breakout OPTI Catalyst
According to Yahoo Finance, OPTI has a low float.
The website reports this profile to have approximately 9.69Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
And, if you have been following us recently, you've seen how low float ideas can lead to major intraday/short term breakouts.
Your No. 2 Potential Breakout OPTI Catalyst
Inc. 5000 Names WeShield, an Optec International Subsidiary, as the 53rd Fastest-Growing Company in America
NEW YORK, NY / ACCESSWIRE / August 17, 2021 /WeShield - a subsidiary of Optec International OTC Markets OPTI has been ranked 53rd of 5000 on the annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing companies. The list represents a unique look at the most successful organizations within the American economy's most dynamic segment- independent small businesses.
With close to $100Mn in revenue, WeShield saw exponential growth over the past year and a half due to unprecedented demand for personal protective equipment. The company expects to continue on this trajectory to keep up with the evolving global needs for PPE and medical supplies. While the company was initially founded to assist organizations in gaining access to much-needed safe and effective PPE materials while helping to avoid price-gouging and fraud, WeShield's use of a proprietary AI-powered sales and marketing engine engaged long-term clients within national hospital networks, government agencies, retailers and hospitality groups. This vast customer base across several verticals led to its impressive 10,000% annual gains, pushing it to number 53 on Inc. 5000 list for 2021.
"Demand for PPE has always been high in certain sectors, but due to the CV-19 pandemic, it has exploded and is on pace to grow to over a hundred Bn dollar industry globally within the next five years. With our ability to move quickly, WeShield became a lifeline to many organizations navigating safety protocols," comments Roman Vinfield, co-founder and Chief Revenue Officer at WeShield. "We've seen tremendous growth and are honored to be recognized as no. 53 in this year's Inc. 5000 list. We're laser-focused on continuing to grow and support businesses nationwide and look forward to what our company's future has in store."
Read the full article here.
Your No. 3 Potential Breakout OPTI Catalyst
Optec International and Its Subsidiary, WeShield, See Over 100% Increase in PPE Orders Over Previous Month Due to Delta Variant
CARLSBAD, CA / ACCESSWIRE / August 16, 2021 / As the United States and the rest of the world deal with the surge of infections of CV19 due to the highly contagious Del-ta Variant, companies with a heavy focus on PPE and medical supplies are seeing significant sales volume in-creases. Optec International (OTC PINK: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 combined now having approximately 20 orders averaging roughly $20k 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 increased demand. We expect this jump to translate to noticeable spikes in revenues, but we also see this becoming the norm from now on."
WeShield CEO Michael Sinensky commented, "The C-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."
Read the full article here.
Your No. 4 Potential Breakout OPTI Catalyst
Optec International’s Wholly-Owned Subsidiary, WeShield Posts Q1 and Q2 Revenues of $40Mn With EBITDA of $6.7Mn
CARLSBAD, CA / ACCESSWIRE / July 27, 2021 / WeShield, a wholly-owned subsidiary of OPTEC International, Inc. (OTC PINK:OPTI), posted YTD revenues of $40Mn with EBIDTA of $6.7Mn, or 17% of revenue. Q2 revenues for WeShield finished at $19.2Mn with EBIDTA of $3.5Mn or 19% of revenue.
2020 audited financials for WeShield were recently released showing the company generated $59Mn in revenue with an EBIDTA of $5.6Mn or about 10%. The Company reports growth in both the PPE and medical supply sector with additional long-term contracts signed and expects an impact from the Delta variant to be realized later this year. Further pro-fits from economies of scale, like warehousing and logistics, consolidating the marketing, sales, accounting, and LGL departments will also be realized in late 2021.
In addition, the Company expects further long term growth from the following initiatives:
- The launch of the "WeShield Together" group purchasing division
- Increase in long term distribution agreements with health care organizations and Fortune 500 companies
- Medical and non-medical staffing
- Growth into the health care sector, including contracts for mobile CV testing and vaccinations
- Full integration of OPTEC suite of products into WeShield's marketing and sales division
- Additional strategic board members and advisors will be added to WeShield's current board
- Expected mergers, acquisitions, and joint ventures over the next 18-24 months
OPTEC CEO, Roger Pawson, commented "We are extremely excited about WeShield's growth and with what they will bring to OPTEC, and we look forward to seeing them expand in years to come."
WeShield CEO Michael Sinensky commented, "The big takeaway here is growth. As expected, we are not only growing, but we are also operating more efficiently in our second year of WeShield. Our numbers show that we have pro-fit-ed more in just two quarters of 2021 than all of the previous year. Our pro-fit percentage was also 50% higher these two quarters. Last year we were new to this space following a successful pivot from the hospitality industry destroyed by the pandemic, but now we are no longer green, yet our numbers appear to be getting greener."
Read the full article here.
Your No. 5 Potential Breakout OPTI Catalyst
Optec International, Inc to Launch Group Purchasing Division “Weshield Together” Projecting an Additional $25Mn in Revenue Annually
CARLSBAD, CA / ACCESSWIRE / June 28, 2021 / OPTEC International, Inc. (OTC PINK:OPTI) today the company announced the launch of a new group purchasing division via their newly acquired, wholly owned subsidiary WeShield called "WeShield Together." The group will contain over 25 outside commodity based sales organizations and brokers who will retain WeShield as their purchasing wing to help drive down rising costs on globally stressed goods from overwhelmed supply chains in the wake of the global pandemic. Further details about 'WeShield Together" will be released along with the partner organizations joining the division in early Q3, 2021. OPTEC International is projecting an additional $25Mn in revenue annually from this new division.
WeShield CEO Michael Sinensky commented, "The pandemic brought out the best in so many entrepreneurs who pivoted away from their devastated companies to help bring the supply chain back for essential organizations who protected us from our common invisible enemy. Now we are coming together to help many of these new and old commodity based sales companies to lower their purchasing costs by pooling our resources and allowing WeShield and its experience with global sourcing to represent them. I feel the bottom line savings due to our collective buying power will be another large revenue stream, which will be split between the pool participants and WeShield. This new division further proves that WeShield has become the go to for many organizations for all their sourcing needs."
OPTEC CEO Roger Pawson commented, "We are seeing only the beginning of the growth and results from the WeShield acquisition. In less than a month since they have joined the OPTEC family, we have seen extraordinary effort from our new partners to keep moving the needle higher for expected growth. We can only imagine the potential we can see together after a few years."
Read the full article here.
OPTI Complete Recap: 5 Key Potential Catalysts
#1. Low Float Profile
#2. WeShield Named As "53rd Fastest-Growing Company in America" By Inc. 5000
#3. Over 100% Increase in PPE Orders Over Previous Month
#4. WeShield Provides Major Revenue Announcement
#5. “Weshield Together” Projects Additional $25Mn In Revenue Annually
Coverage is officially initiated on OPTI. When you have a second, do this: