PCT
EUROPE
LTD
SIGNS
DISTRIBUTION AGREEMENT WITH UK NHS COMPANY, RECEIVES ADDITIONAL NYC
HOSPITAL ORDER
Little
River, SC --
April
17, 2020 --
InvestorsHub NewsWire -- PCT LTD (OTC
Pink: PCTL) is
pleased
to
announce new growth and expansion
activities in the UK
and
NYC. PCT Europe Ltd, the
UK-based partner of PCTL is pleased to
announce they have signed an exclusive trading
partnership/distributor agreement with an NHS (U.K. National Health
Service) company.
In tandem
with PCT Europe Ltd, the UK NHS company will introduce PCT
technology to each NHS Hospital Trust with the intention of
them rolling out PCT's unique technology and system throughout the
health services 233 Trusts comprising over 600
hospitals. In addition,
approximately
14,000
Care Homes in the U.K.
will also
be introduced to PCT's
technology. A steady flow of
orders is expected to commence throughout the remainder of 2020 and
into 2021.
The
first PCT system has now been installed in
a large
NHS hospital in the north of England.
This
system is expected to enter clinical service early in May once the
final series of biological tests of the PCT hospital disinfectant
solution have been completed. Results
of these tests have
so far demonstrated
that the PCT disinfectant has met or exceeded its ability to kill
the range of pathogens previously achieved during EPA tests in the
United States.
"We
couldn't be happier with the results thus far in our
UK
trials
and are delighted with the progress our UK
partner
is making. This arrangement will introduce our system to thousands
of hospitals and healthcare facilities," says
PCTL
CEO Gary
Grieco. "At the same time, the reality of the current healthcare
crisis both domestically and abroad is sobering. We're thrilled to
be able to grow our business but nevertheless remain focused on our
core mission which from day one has always been helping
people."
The
company continues to expand domestically as well.
Following
an earlier release dated April 14th,
the
company is also announcing an additional purchase order for
PCT Corp.'s Annihilyzer® Infection Control Systems
in
New York
City.
The order
comes from a large NYC hospital with a current
bed count
in excess of 2,500. Installation will be made in coordination with
PCT Corp's primary healthcare distributor, ACE Janitorial
Services.
"With
three PO's for our infection
control system this week and more on the way, we continue to make
strides both in growing our business as well as our goal of helping
our clients fight the spread of infectious diseases," says Grieco.
"We are on pace for unprecedented and record growth in all areas of
our business."
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.
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 ability of PCTL
to travel to the NYC area for the installation of
equipment; PCT
Europe
Ltd.'s
ability to perform as expected, the response of the UK NHS to the
first and subsequent installations of PCT's Annihilyzer Infection
Control System; 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
(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