PCT LTD Updated
Statement Regarding U.K. Market Entry
Little River, SC --
October 2, 2020 -- InvestorsHub NewsWire
-- PCT
LTD (OTC
Pink: "PCTL") held their Shareholder Conference Call
on September 29, 2020 and provide the following statement
about the Company's activities in the United Kingdom and in the oil
& gas industry.
PCTL received orders
and a cash deposit from its U.K. partner, Paradigm Convergence
Technologies (Europe) LTD. One of the provisions
in our agreement requires a 50% cash deposit, which we have
received.
PCTL
President
and CEO, Gary Grieco,
commented,
"We have
all been deeply involved in putting together a
launch in the U.K. Now, we have orders to provide equipment
for the hospitals and equipment to provide volumes of fluids for
the commercial markets in Europe.
Growing this business is a priority and we've been advised by
our U.K. partner to expect additional
PO's in the very near term."
Several investors
have asked for clarification regarding the oil and gas industry
statements made during yesterday's shareholder conference
call. No further information is public at this time, but the
Company encourages everyone to review the audio recording of the
conference call, which is
posted
in the
investor relations section of our website, www.para-con.com.
"We appreciate that
over 300 people took time from their busy days to listen to our
conference call.," stated Gary Grieco.
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
ability of PCTL to fulfill orders to the United Kingdom; 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; 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