NexOptic Technology Corp. (OTCQB: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301) and Spectrum Optix Inc. of Calgary, Canada (are pleased to announce that NexOptic has satisfied all of the cash expenditure requirements under its option to acquire 100% ownership interest of Spectrum and further announces that it intends to exercise its final option and complete the acquisition of Spectrum on or about October 2017.