BUFFALO, Wyo., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Gregg Boehmer, CEO of Optec International Inc. (OTC: OPTI), is pleased to provide the following Shareholder Letter:
Dear Optec International Shareholders,
First, thank you for holding whatever position you own in Optec and for being a loyal shareholder. I know that has not been easy given the events of the past few years. I have been tasked with turning this company around and I ask for your patience during this process.
While I am not foolish enough to make any promises I can't keep, I can promise you that I am working to get the Company back active on OTCIQ and subsequently back to Pink Current status, but it is going to take time. There is a laundry list of things to do and even more documents, statements and records to sift through so that somehow the team can make sense of it all. I can promise you I will never PR a memorandum of understanding or a letter of intent as neither are worth the paper they are printed on. I also promise you will never see the phrase "building shareholder value" in any communication from me.
I am working diligently with the receiver and have worked extensively with the accountants that will be assisting me in putting together an accurate financial picture for the past two years. They are well respected and absolutely above reproach.
As CEO, it is my fiduciary and ethical responsibility to protect the shareholders of this company. While I will be pouring through all documents looking for nefarious activity, it is important to remember that prior management led the Company to its current position of insolvency. That being said, this is a publicly traded company and I will be working with the receiver and the aforementioned financial accounting team as well as a new legal team to determine what, if any, civil legal action can be taken as well involving the State's Attorney's Office and the SEC, if necessary.
I have kept an open line of communication with the merger candidate. We seemed to have developed a nice rapport, and they understand there are a million steps that must take place first and I am on step 15. Company management is not in a rush to go public - they want everything done right so we developed an extensive "to-do" list on their end as well.
On a personal note, I would like to thank everyone for their notes of support and well wishes. The mountain is a lot easier to climb knowing I have your support.
From my family to yours, please have a safe and prosperous 2025,
Gregg Boehmer, CEO
Optec International, Inc.
gboehmer@optec-international-inc.com
Safe Harbor Statement
This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its o?cers with respect to, among other things, that the release of all the new company products and funding achieved, will lead to further production orders and work from customers. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the "Risk Factors" section of the Company's filings with the SEC, which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements, except as required by applicable law.
