March 22, 2019 - 7:30 AM EDT
OPTEC International Terminates Company Transfer Agent For Restrictive Legend Removal Dispute

OPTEC International Terminates Company Transfer Agent For Restrictive Legend Removal Dispute

CARLSBAD, Calif., March 22, 2019 /PRNewswire/ -- OPTEC International, Inc. (OTCQB: OPTI), today announced the company recently terminated West Coast Stock Transfer as the company transfer agent due to a dispute of restrictive rule 144 legend removals by the transfer agent.

On February 27th, 2019 the company filed SEC Form 15 which relieved OPTI's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K commencing February 27th, 2019. This filing under rule 144 extends the holding period from a 6-month period to a 12- month period for restrictive legend removal.

The termination of West Coast as the company's transfer agent became effective March 12, 2019 since then no additional unrestricted shares have been introduced in to the market.

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.

OPTEC International, Inc.
2721 Loker Avenue West 
Carlsbad, California 92010 (760) 444-5566

www.optecintl.com                  Email: info@optecintl.com

 

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SOURCE OPTEC International, Inc.


Source: PR Newswire (March 22, 2019 - 7:30 AM EDT)