PCT Ltd.
(PCTL) Executes 1
Million Gallon Minimum Annual Supply
Agreement; Company
Anticipates
Record
Setting Revenues for 4th
Quarter
LITTLE
RIVER, SC -- October 27,
2020 -- InvestorsHub NewsWire -- PCT LTD
(OTC
Pink: PCTL) today announced that it
has executed a domestic supply
agreement with Maverick Energy Services
and Maverick Environmental Solutions of Holdenville,
Oklahoma for a minimum of 1,000,000
gallons of PCT Hydrolyte® to be delivered
over the next twelve months. An initial order has been
fulfilled
on this
contract.
We would also like to update
our shareholders on PCTL's revenue guidance
for the fiscal year of 2020. We continue to
anticipate revenues of approximately $4
million. In addition, we expect to achieve record setting revenues
during the 4th
quarter of
2020.
About
Maverick Energy
Services and Maverick Environmental
Solutions, LLC:
Both companies
were developed by Mr. Doug
Humphreys. Mr. Humphreys
graduated in 1975 from Southwest Oklahoma University with degrees
in Business Administration and Geology. Mr. Humphreys began
his career in 1977 with Tide West Oil Company, formerly Flint &
Associates. From 1977 – 1997, Mr. Humphreys had a personal
role in the development of over 1,500 wells at various depths of up
to 20,000 plus feet. Over his career, he was employed with
various oil and gas companies, including Tide West Oil Company,
Square D Drilling, Kerr-McGee, focused in Texas, New Mexico, Louisiana,
Kansas and Oklahoma. In 2007, Mr. Humphreys started Maverick
Energy Services, LLC and in 2019, Maverick Environmental Services,
LLC. Mr. Humphreys currently serves on the board of The
First National Bank of Holdenville,
Oklahoma, serves on the foundation board of Seminole State College,
is a member of OIPA and is a well-known figure within oil and gas
circles.
www.OKMaverick.com
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
internationally.
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 with distributors and/or
customers;
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
+1(843) 390-7900
Office
www.para-con.com
www.pctcorphealth.com
www.survivalyte.com
Rich Inza,
Investor Relations (RMJ Consulting, LLC)
+1(843)
491-4611
IR@para-con.com
Dave Donlin
Cervelle Group
407-405-8142