Ozop Energy Solutions Inc (OTCMKTS: OZSC) was one of the biggest runners of 2021 skyrocketing from current levels to highs of $0.50 per share in February. We covered the run from the very beginning and it was an exciting time as the Company acquired PCTI and begin to announce huge contracts. Since then, the stock has been in steady declines as the Company’s debt problem has caused significant dilution disseminating the share price. Currently trading near 52 weeks lows of $0.0056 the selling has dried up and speculators are beginning to accumulate. 

While the Company has kept their filings up to date filing their 10Q on time on November 14, they have not issued a press release since September 21 when the Company announced it signed its first auto dealership to sell Vehicle Service Contracts for Electric Vehicles. Sansone Jr’s Windsor Nissan is now an active dealership with GS Administrators, Inc., a member of Houston-based GSFSGroup. Under the Marketing and Claims Services Agreement, Sansone Nissan can sell EV VSC’s through their Finance and Insurance (“F&I”) department. 

Ozop Energy Solutions Inc (OTCMKTS: OZSC) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy. 

The Company’s subsidiary Ozop Energy Systems is a manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery. 

Ozop Engineering and Design engineers’ energy efficient, easy to install and use, digital lighting controls solutions for commercial buildings, campuses, and sports complexes throughout North America. Products include relays panels, controllers, occupancy/vacancy sensors, daylight sensors and wall switch stations. Ozop has a dedicated design team that produces system drawings and a technical support group for product questions and onsite system commissioning. Our mission is to be recognized for our deep understanding of power management systems and ability to provide the right solution for each facility. 

Ozop Capital Partners, Inc. is a majority owned subsidiary of the Company, and wholly owns EV Insurance Company, Inc. (“EVIC”). EVIC, DBA Ozop Plus is licensed as a captive insurer that reinsures. 

We reported in January 2021 as OSZC was making its historic run to $0.50 stating at the time: “Microcapdaily has reported on OZSC many times during the past year as the Company completed the acquisition of PCTI. PCTI has been making a number of big moves and currently has 4 projects in production and others in various states in the queue with over $6.9m in solid pipeline projects. PCTI has been biding on some big projects including being the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. This follows on the heels of recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight earlier this month. Several weeks ago the Company said PCTI has submitted a sole source bid to one of the world’s largest defense contractors for multiple power converter units to be used in naval automatic weapons systems.”

$OZSC pic.twitter.com/PKPpBxFqqG

— OZOP Energy Solutions (@OzopEnergy) August 9, 2022

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According to the 10Q filed on November 14; “On September 1, 2022, the Board of Directors of the Company authorized PCTI to file and prosecute to completion a Chapter 7 proceeding; that the best interest of creditors and other interested parties will be served thereby. The President of PCTI was authorized, empowered and directed, in the name of and on behalf of PCTI to execute and verify the Petition for Relief under the Bankruptcy Code as well as all other ancillary documents, and to cause the same to be filed in the United States Bankruptcy Court for the Western District of Pennsylvania. The Petition was filed on October 3, 2022; Case No. 22-21958-CMB.”

The last press release from the Company came on September 21 when OZSC announced it signed its first auto dealership to sell Vehicle Service Contracts for Electric Vehicles. Sansone Jr’s Windsor Nissan is now an active dealership with GS Administrators, Inc., a member of Houston-based GSFSGroup. Under the Marketing and Claims Services Agreement, Sansone Nissan can sell EV VSC’s through their Finance and Insurance (“F&I”) department. Pursuant to the Company’s agreement with GSFSGroup, the Company can receive an Agent fee of up to $500, from which it will need to compensate any sub-agents associated with the sale of any EV VSC. Additionally, GSFSGroup will cede the premium for the entire VSC for any VSC’s marketed by Ozop Plus. Such premium will be recognized as earned premium over the term or life of each contract. 

Marcy Maguire the CEO of Sansone Jr’s Windsor Nissan stated “I am very pleased to be the first Ozop Plus dealer signup with GSFSGroup. I am anxiously waiting for the arrival of the Nissan Ariya EV and extremely excited that my dealership will be able to have this product available for my customers. As a dealer it gives me added confidence that my customer can leave our dealership with the peace of mind this EV VSC provides.” 

Brian Conway, the Company’s CEO stated “We are extremely happy to welcome Sansone Jr’s Windsor Nissan to the Ozop Plus family and are grateful for their patience being the pilot dealership for our team to onboard. This marks the first of what we hope to be thousands of dealerships over the next few years. The Ozop Plus team is committed to making Ozop Plus the premier provider for EV insurance products.” 

$OZSC @OzopEnergy #nextchapter pic.twitter.com/QOeBBeW3GT

— Randylus (@randylus) November 16, 2022

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The post Ozop Energy Solutions Inc (OTCMKTS: OZSC) Reversal Northbound Brewing as Company Files 10Q and Selling Dries Up (More on Service Contracts for Electric Vehicles) first appeared on Micro Cap Daily.

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