A. Please identify whether any of the persons listed above have, in the past 10 years, been the subject of: 1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);
None
2. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
None
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or
None
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended, or otherwise limited such person’s involvement in any type of business or securities activities.
None
B. Describe briefly any material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which the issuer or any of its subsidiaries is a party or of which any of their property is the subject. Include the name of the court or agency in which the proceedings are pending, the date instituted, the principal parties thereto, a description of the factual basis alleged to underlie the proceeding and the relief sought. Include similar information as to any such proceedings known to be contemplated by governmental authorities.
None.
9) Third Party Providers
Please provide the name, address, telephone number and email address of each of the following outside providers: Securities Counsel Name: Tran Law group, PLC Address: 12966 Euclid St. Ste 310 Garden Grove 92849 800-997-7905 Accountant or Auditor Name: Richard J. Fleischman,CPA Firm: Haynie & Company Address 1: 1221 W. Mineral Ave. Suite 202 Address 2: Littleton, CO 80120-4544 Phone: 303-734-4800 Email: rjf@hayniecpas.com
All Previously reported Institutional convertible notes have been fully paid as of September 30, 2020.
Optec Surpasses Previous Quarter's Income & Revenue by Over 600% for Period Ending September 30, 2020
CARLSBAD, CA / ACCESSWIRE / October 7, 2020 / OPTEC International, Inc (OTC PINK:OPTI) today announced the company surpassed the financial income projections for the Quarter ending September 30, 2020.
Interim (unaudited) financial overview can be found at these links:
In summary, the Company surpassed its $4,000,000 projection for this quarter and, in fact, showed revenue and income totaling $6,284,609 and a net income of $3,381,730. In addition, the Company has paid in full all previous convertible institutional notes and the interest and liabilities associated with those notes. The only commercial promissory note remaining will be the premium to market loan when fully funded from financial partner, RB Capital Partners, Inc.
The company has been involved in the sale of larger wholesale transaction quantities of 3M KN 95 masks during this period, adding significantly to the company's revenues and profitability. OPTEC is currently in additional negotiations for significantly larger wholesale mask transactions and due to the size of these transactions will publicly announce upon closing/completion of the same.
The two provisional patents assigned to the company by the "Inventor" company CEO Roger Pawson, are presently being assessed as to a valuation by a professional established patent appraisal group. The professional valuation will be published upon receipt. A conservative estimated valuation was displayed in the valuation statement under the asset's category, and not included as a financial value in the total assets tab. The professional valuation should be included in the official quarterly report published on OTC Markets by November 15th, 2020.
All Previously reported Institutional convertible notes have been fully paid as of September 30, 2020.
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