PCT
LTD ANNOUNCES
NEW
HOSPITAL EQUIPMENT
INSTALLATIONS,
DISTRIBUTORS
AND
AGREEMENT WITH SAPPHIRE DISINFECTION SOLUTIONS
Little
River, SC -- May 21, 2020 -- InvestorsHub NewsWire
-- PCT LTD (OTC
Pink: PCTL) is pleased to
announce two additional hospital installations
scheduled within
this
month, announces
the
relationship between PCTL and Florida-based Sapphire Disinfection
Solutions,
as well as declares the addition
of three
new
distributors.
PCTL's
newest distributors are setting up
operations
in
Illinois,
New
Jersey, and in central
South
Carolina. Two of the
newest
distributors will also have supplemental product
registrations and the third will be
a re-sale distributor of PCTL's Hydrolyte disinfectant into
medical
facilities, schools
and to state and municipal
governments.
In order
to meet a portion of
the
fluid requirements
of PCTL's
distributors' and their
customers, the
Company asked its own COO, Jody Read, who has extensive
experience setting up manufacturing facilities, to setup a regional
bottling and distribution center using outside capital and
readily
available
manufacturing space. Sapphire's new
facility is located in Lake Butler, Florida, a rural economic
development area. It manufactures,
bottles, and distributes disinfectant under a distributor agreement
in which PCTL receives royalties.
Sapphire
Disinfection Solutions is generating fluids
from PCTL's Legacy C-104
equipment and commencing fluid sales now, serving the
geographical area
and
markets that are best suited for its bottling and labeling
capabilities,
throughout the southeast and
Gulf Coast areas.
"It's no secret that
the demand for our disinfectant has been increasing
rapidly," says
Gary
Grieco,
PCTL's
CEO.
"Jody[Read]
and
Sapphire Disinfection Solutions are well-positioned, ready,
willing
and able
to aid PCTL
in
expanding
fluid
packaging in order for us to meet that
growing
demand."
During
the onset of the COVID-19 pandemic, PCTL assessed the
situation and was flexible enough to switch gears and ramp up its
fluid production capabilities, but the Company never lost sight of
its primary goal to supply innovative and high
quality
HOCl-generating equipment under various contract terms, through its
distributor's efforts, to hospitals and other customers. PCTL
has balanced its goals against the pandemic's fluid demands and is
seeing some loosening of restrictions that will make
installations of its Annihilyzer®
Infection Control Systems more feasible.
As a result of business development efforts in this
important industry,
PCTL is also
announcing two more
hospital
installations this month
in
conjunction with ACE Janitorial. The satellite rack units,
known as PCTL's Annihilyzer® Infection Control System – Rack Model,
are well suited for quick and easy installations in even the
more
challenging
hospital
environments.
The Annihilyzer®
rack-mounted
system
is gaining traction in the hospital market, as it
provides
the same capabilities of monitoring, tracking and volumes of fluid
solutions produced
as the
Annihilyzer's
flagship cabinet model. However, the rack
system fits into confined spaces
for greater installation flexibility and allowing
additional
areas within hospitals to be serviced.
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's most recently added distributors to gain and
maintain certain saturation levels within their regions
and/or
markets;
PCTL's continued
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
(843) 390-7900
Office
(843) 390-2347
Fax
www.para-con.com
www.pctcorphealth.com
www.survivalyte.com