River, SC -- May 8, 2020 -- InvestorsHub NewsWire
-- PCT LTD (OTC
Pink: PCTL) is
to announce they are continuing their expansion efforts with
additional hospital installations and have reached distributor
agreements with three new entities.
the new distributors will operate in the western United States
(California and Utah primarily) while the third distributor is
based in South Carolina, shoring up the company's
presence in the state.
our potential distributors undergo a thorough vetting process,"
says PCT Corp President Bill Prince. "We are looking to form
strategic partnerships that will help us expand our existing
presence; or establish a foothold in a new territory that we've
businesses we work with are looking to maintain their competitive
edge as they establish their own sales and distribution channels,"
says Bill Prince, explaining why the company often declines to
mention their distributors by name. "There's a lot of competition
out there in the disinfection space. Especially now," adds Prince.
"We have a tremendous amount of confidence in the businesses and
people we work with."
is only one of the areas the company focuses on when selecting
distributors. "We're also looking to expand industries," says CEO
Gary Grieco, adding that the new distributors operate in diverse
industries, including medical supplies and equipment to industrial
and commercial services.
companies will commence fluid sales shortly, with the possibility
of at least one distributor expanding to produce their own fluids
down the road.
couldn't be happier to welcome some new members into our
distributor network," says Grieco. "Demand for our fluids has been
increasing rapidly. Expanding our distribution channels
to meet that demand on a large and growing
company now has at least 10 distributors and sub-registrants for
its EPA-approved solutions, in multiple states as well as
internationally. They continue to vet interested applicants in
their distribution pipeline and expect to continue to add to their
growing network of distributors over the next several months and
into the foreseeable future.
company is also announcing a new hospital installation. Following
up on an earlier release from April 14th,
installation in a large NYC area hospital is
commence early next week through PCT's primary healthcare
distributor ACE Janitorial Services. Two additional installations
are scheduled in NYC hospitals over the following weeks.
"We're excited to be
able to move forward with these installations and help these
hospitals in their fight against infectious
Director of Healthcare Darryl Patterson, adding that
restrictions and quarantine protocols in New York State have
slowed the company's
activities over the last two
are well-suited for the current
less labor-intensive installations are ideal," says Patterson.
is due to
Stuart Emmons, P.E., Executive VP for Engineering and Research
& Development and his department,
tirelessly to design and build
the same capabilities of monitoring, tracking and volumes of fluid
as the flagship cabinet model. However, the rack
system fits into confined spaces
for greater installation flexibility and allowing
even more areas within hospitals to be serviced.
up to five hours to complete,"
the new rack-mounted system, installations can now be
in under an hour."
installations of PCT Corp.'s
Annihilyzer® Infection Control Systems are expected to
continue throughout the end of the month and into the
fluid sales and distribution activities have helped facilitate
growth and business expansion," explains CEO Gary Grieco. "With our
hospital installations now on track as well, we're full steam ahead
on multiple fronts. It's a very serious, but exciting time for
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.
public should only rely on official press releases and corporate
filings for accurate and up to date information regarding
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,
"PCTL" aspires to and is actively engaged in preparations for
up-listing its common stock to a national securities exchange. 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.
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
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 ability of PCTL's most recently
added distributors to gain and maintain certain saturation levels
within their regions; the ability of PCTL to travel to the NYC area
for the installation of equipment; subsequent
installations of PCT's Annihilyzer Infection Control Systems;
PCTL's ability to raise sufficient funds to satisfy its working
capital requirements; the ability of PCTL to execute its business
plan; 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
PCT (PK) (USOTC:PCTL)
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