Optec International Inc (OPTI)

[HighPeaks]

Highlights from the PR:

- OPTEC International, Inc., (OTC: OPTI) today announced the application along with payment for reinstatement to OTC Markets Pink current status has been filed.
- Upon completion and reinstatement to OTC Pink Current status the company will continue to complete the audited financials and apply for reinstatement to an OTC QB fully reporting Company. This is expected to occur within the first quarter of 2020, as previously stated.
- The Company is now fully operational and generating revenues and shipping products weekly. The addition of new distributors recently increased the order flow and the Company expects to report a positive financial statement for the period Q1, 2020.
- The Company is also in discussions with several potential new distributors across the country. Furthermore, new product lines are on the agenda for release in Q1,  2020.
- The largest noteholder was fully converted earlier this week and the Company has $0 remaining with this noteholder.
- Whilst the Company was able to curtail the conversions of some of the smaller noteholders earlier this month, several smaller noteholders were able to complete conversions this week.
- The Company is in discussions with the majority of the remaining holders to settle the remaining balances from future revenues and private equity sources.