CARLSBAD, Calif., Nov. 6, 2017 /PRNewswire/ -- OPTEC International, Inc. (OTC: OPTI) today announced the company has reduced the share capitalization to 23,244,500 shares from the original 52,944,500 at the time of the licensing agreement. The Board of Directors concluded the reduced number reflects a more accurate calculation of the company's valuation.
OPTEC International recently acquired a worldwide exclusive license (Excluding North America) for the marketing and distribution of the OPTEC Fuel Maximizer products and is currently conducting fuel and emission reduction tests with large fleet operators in Korea, Dubai, Morocco, United Arab Emirates and Russia.
The OPTEC™ Fuel Maximizer is manufactured by OPTIMIZED Fuel Technologies, and is a patented advanced "plug and play" technology designed for modern computer controlled gasoline and diesel engines eliminating or substantially reducing harmful emission gases while simultaneously increasing performance and optimizing fuel economy. www.optecmpg.com
Disclosure: OPTIMIZED Fuel Technologies is the majority shareholder of OPTEC International, Inc., a publicly traded fully reporting OTC market company.
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
PH: (760) 444-5566