PCT LTD Adds International Distributor and Sells High-Volume Equipment to Existing Customer as a Result of Heightened Demand
March 13 2020 - 2:04PM
InvestorsHub NewsWire
PCT LTD Adds
International Distributor and Sells High-Volume Equipment to
Existing Customer as a Result of Heightened Demand
PCT LTD Adds
International Distributor and Sells High-Volume Equipment to
Existing Customer as
a Result of Heightened Demand
March 13, 2020 --
InvestorsHub NewsWire -- PCT LTD (OTC
Pink: PCTL) ("PCTL"), as the result of its wholly owned
operating company's (PCT Corp.'s) growth, is pleased to announce a
new distribution partner in Puerto Rico in addition to other
ongoing expansion efforts.
ABC Medical of San
Juan, Puerto Rico (www.abcmedicalpr.com)
has signed on to be a distributor and sub-registrant for PCT Corp.
in Puerto Rico. Through a sub-registration licensing agreement,
which includes royalty revenues to PCT Corp., ABC Medical will
initially receive one large volume Hydrolyte® System for the
purpose of producing, bottling, and distributing Hydrolyte®
solution to their existing hospital and healthcare clients. The
move signals the company's first distribution agreement in an area
outside the continental United States.
"We're excited to
be able to expand into Puerto Rico," says Gary Grieco, CEO of PCT
LTD. "Expanding into this market is good business for us and for
ABC Medical, especially during this critical time when health and
hygiene are at the forefront of people's minds," Grieco further
commented.
According to the
Puerto Rico Hospital Association, Puerto Rico has a total of 63
hospitals managed by private and public sectors. The largest
concentration of hospitals is in the San Juan metropolitan region
(where ABC Medical is located) with a total of 26 hospitals (10
public hospitals and 16 private).
As a result of
increased demand, an existing customer, BioBlasting LLC of Egg
Harbor Township, New Jersey (www.bioblasting.com)
has also purchased two of PCT Corp.'s large- volume Hydrolyte®
generators.
"Our company has
been growing exponentially over the past 2 years as our clients
have discovered the benefits of our fluid solutions, which offer a
high level of safety for both staff members and the general
public," says BioBlasting CEO, Arthur Handson. "In light of the
recent outbreak, our team has been working around the clock to
ensure our products are accessible to all people and industries,
particularly schools. Our goal is to minimize the effects of
infectious disease outbreak by implementing proper preventive
measures as well as assisting with eradication procedures as
needed."
"We've had a great
relationship with BioBlasting for over two years," says PCT LTD
CEO, Gary Grieco. "As an existing sub-registrant, they have seen
firsthand the safety and efficacy of our product. We're happy to
take this next step with them and excited to support them in their
growth and efforts to serve their customers and
communities."
As a result of
heightened demand, PCT Corp. is expediting plans to increase its
distribution networks. "With everything going on in the world
today, our demand has increased by leaps and bounds" says PCT Corp.
President, Bill Prince. "Adding key distributors to our network
will allow us to strengthen sales channels and accelerate revenue
growth while at the same time providing a much-needed product and
service during these critical times. We will strategically
add additional
distributors and "partners," both In the United States and abroad.
This will allow us to keep up with the strong need for our
products."
The company also
received a prestigious award as a Top Innovation of the Year for
2019 from The Infection Prevention Strategy (TIPS)
https://infectioncontrol.tips/2019/07/26/top-of-the-year-
2019/
The Infection
Prevention Strategy (TIPS) is a not for profit that exists to
advance innovations, ideas, and processes that make a difference in
global health. TIPS extends to 30+ countries and is the key
strategic partner for many notable organizations, initiatives, and
events. As a result of heightened awareness from being a Top
Innovation recipient, the company has and continues to actively
engage in discussions with potential partners and distributors to
aid in their strategic expansion. Those conversations are
ongoing.
Additionally, the
efficacy and efficiency studies of PCT Corp.'s Annihilyzer®
Infection Control System, deployed in the United Kingdom, are
slated to conclude soon. Upon completion, comprehensive results are
expected within 2-4 weeks.
To further explain
PCT LTD's current activities and opportunities, CEO Gary Grieco
will be appearing on the Stock Day Podcast to be aired during the
week of March 16th.
Grieco had previously appeared on the show earlier this year to
discuss the company's international expansion and growth strategy
for 2020.
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,
"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.
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
success of its new distributors; the results of testing in the U.K;
PCTL's and its subsidiary's business prospects; 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.
View source version
on
businesswire.com:
https://www.businesswire.com/news/home/20200313005307/en/
Contacts
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
Brokers and
Analysts: Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com
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