PCT
LTD Announces License Agreement with Zerorez Franchising Systems,
Inc.;
Phase One Construction Commences at Fort Wayne Indiana
Facility
Little River, SC --
October 29, 2020 --
InvestorsHub NewsWire -- PCT LTD (OTC Pink:
"PCTL")
announces the execution of a royalty-bearing license agreement
between PCT Corp. and Zerorez Franchising Systems, Inc.
("Zerorez"),
a
national carpet and living surface cleaning franchise
company.
Gary Grieco,
President and CEO of PCT LTD, commented, "We have watched
Zerorez's growth over the past several years and are
impressed." Grieco further commented, "We have also
experienced explosive growth in selling our
environmentally-responsible disinfectant and equipment to many
industries. Our company values are completely
compatible with Zerorez's values and
that's
one of
the reasons why we are excited
with our new partnership."
Twenty
years ago, Zerorez disrupted the carpet and living surface cleaning
industry by introducing its groundbreaking patented cleaning
technology that includes cleaning with electrolyzed fluids called
ZR Water, in lieu of harsh
and harmful soaps, detergents and surfactants. This technology
created the first no residue cleaning result and
is the center point of Zerorez's continued technological innovation
in the carpet and living surface industry.
"The ability to
inform our customers that we clean their homes and offices with an
EPA registered, hospital grade disinfectant is a boon to our
business but more importantly, it communicates to our customers our
deep commitment to do everything that we can to keep
their
homes and
offices cleaner, healthier and safer," said Shawn Moon,
Zerorez's CEO.
In addition, PCT LTD
announces that Phase One construction has
begun on the Company's Fort
Wayne Indiana facility and
is expected to be
completed by
Thanksgiving. Once Phase One is
completed it will enable PCT LTD to produce fluids
at the
Fort Wayne facility.
PCT LTD offers
clarification about its recent announcement with regard to the
recent million gallon minimum annual
contract with Maverick Energy
and Maverick Environmental Solutions. The annual contract for
a minimum of one million gallons will be split between
both companies with Maverick Environmental Solutions marketing to
non-oil and gas related customers. Completion of the contract will
provide millions of dollars of gross revenues to
PCTL.
We are pleased to
provide forward looking revenue guidance for 2021. With a
growing list of distributors domestically and internationally, we
anticipate revenues to continue climbing at an aggressive
rate. We anticipate overall revenues for 2021 to be in excess
of $10 million dollars. We will continue to provide updated
guidance in the months ahead to keep our shareholders informed of
the latest developments
About
Zerorez
Zerorez's corporate offices are in Pleasant Grove,
UT.
In recognition of its cleaning efficacy, the Carpet and Rug
Institute (CRI) has awarded Zerorez® its Platinum Rating, the
industry's highest rating. To learn more about the Zerorez® carpet
cleaning franchise opportunity, visit
www.zerorezfranchise.com.
Further details on the company and its services are found at
www.zerorez.com.
About
PCT LTD:
PCT LTD ("PCTL")
focuses its business on acquiring, developing and providing
sustainable, environmentally safe disinfecting, cleaning and
tracking technologies. The company acquires and holds rights to
innovative products and technologies, which are commercialized
through its wholly-owned operating subsidiary, Paradigm Convergence
Technologies Corporation (PCT Corp). Currently trading on OTC:PINK,
"PCTL"
is actively engaged in applying for listing its common stock to the
OTC QB market. The Company established entry into its target
markets with commercially viable products in the United States and
now continues to gain market share in the U.S. and
U.K.
ADDITIONAL
NEWS AND CORPORATE UPDATES:
PCTL
would like to warn its stockholders and potential investors that
material corporate information regarding sales, areas of business
and other corporate updates will only be made through press
releases or filings with the SEC. PCTL does not utilize social
media, chatrooms or other online sources to disclose material
information. The
public should only rely on official press releases and corporate
filings for accurate and up to date information regarding
PCTL.
Forward-Looking
Statements:
This press release
contains "forward-looking statements" as defined in Section 27A of
the Securities Act of 1933, as amended, and Section 21B of the
Securities Exchange Act of 1934, as amended. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals,
assumptions or future events or performance are not statements of
historical fact and may be "forward-looking
statements."
Such statements are
based on expectations, estimates and projections at the time the
statements are made that involve a number of risks and
uncertainties, which could cause actual results or events to differ
materially from those presently anticipated. Such statements
involve risks and uncertainties, including but not limited
to: the actual
results of PCTL's license agreement with Zerorez;
PCTL's
continued installation of equipment; subsequent installations
of PCTL's Annihilyzer Infection Control Systems and other
larger-volume equipment; PCTL's ability to raise sufficient funds
to satisfy its working capital requirements; the ability of PCTL to
execute its business plan; the anticipated
results of business contracts with regard to revenue; and
any other
effects resulting from the information disclosed above; risks and
effects of legal and administrative proceedings and government
regulation; future financial and operational results; competition;
general economic conditions; and the ability to manage and continue
growth. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those indicated. Important
factors that could cause actual
results to differ materially from the forward-looking statements
PCTL makes in this press release include market conditions and
those set forth in reports or documents it files from time to time
with the SEC. PCTL undertakes no obligation to revise or update
such statements to reflect current events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Gary Grieco, CEO and
Chairman, PCT LTD
(843) 390-7900
Office
(843) 390-2347
Fax
www.para-con.com
www.pctcorphealth.com
www.survivalyte.com
Rich Inza, Investor
Relations (RMJ Consulting, LLC)
(843)
491-4611
IR@para-con.com
Dave
Donlin,
Investor
Relations (Cervelle
Group)
(407)
405-8142