The latest PR
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up
Midwest Fulfillment Capabilities
Little River, South Carolina — (April 7, 2020) PCT LTD (OTC Pink: PCTL) ("PCTL"
is
excited to announce they have increased production capacity at their Little River, South Carolina
facility.
Updating an earlier release (March 25th), the South Carolina facility is now capable of producing
up to 106,000 gallons of fluids per day. A marked increase over earlier capabilities. The
company is now better positioned to meet the growing demand for its Hypochlorous Acid-based
disinfecting fluids.
“Our team has been working around the clock over the last several weeks to make this happen,”
says Stuart Emmons, PCTL Executive VP of Engineering and R & D. “The South Carolina
facility is now better positioned to fulfill the daily orders we have been receiving.”
Due in part to the ongoing coronavirus pandemic, the company has seen an exponential increase
in sales and inquiries from current and prospective customers. Late last month the company
shifted its short-term focus towards fluid production and sales to meet increasing demand.
“It’s supply and demand,” according to PCTL CEO Gary Grieco. “The demand is there and now
so is the supply. We needed to shift our focus towards where we can have the most impact and
do the most good for our customers and the communities they serve. At the same time, this
presents an opportunity for us to elevate our profile, grow our business, and showcase how
effective our products can be in the ongoing fight against the spread of infectious disease.”
The company has also been hiring additional support staff to support growing business
operations. Most recently, the company engaged Joseph Tippmann, graduate of The University
of Michigan’s Industrial Design and Architecture program, as a new design engineer. Tippmann
joined the company on a contract basis initially and has spent the past two weeks performing
design updates on Annihilyzer and Hydrolyte Rack systems in addition to helping design a more
modular system for easier assembly.
Tippmann is also a co-owner of Werks Manufacturing, a Fort Wayne, Indiana based
manufacturing company which PCTL engages for the purpose of manufacturing and assembling
parts for use in the company’s Annihilyzer® Infection Control System and other systems.
Werks Manufacturing is expanding their operation and will increase parts and assembly
production to meet PCTL’s growing demand. In addition, Werks will also serve as a fluid depot
for PCTL’s clients in the northern Midwest part of the United States. Werks will initially be
capable of producing up to 4,000 gallons per day of disinfecting fluids, including Hydrolyte®,
for sale and use by PCTL to clients in Detroit, Chicago, and throughout the region. This fluid
production capacity can be increased as needed to serve growing demand.
“We are continuing our rapid growth plans,” says Grieco. “Through strategic partnerships,
distribution agreements, and more, we are gaining market share, increasing revenue at a rapid
pace, and growing our business both quickly and efficiently.”
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: actual sales derived by the Company; actual amount
of daily fluid production capability; the increase in fluid production; 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.
Gary Grieco, CEO and Chairman
(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
https://www.para-con.com/images/docs/PCTL04-07-20.pdf
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up
Midwest Fulfillment Capabilities
Little River, South Carolina — (April 7, 2020) PCT LTD (OTC Pink: PCTL) ("PCTL"
is excited to announce they have increased production capacity at their Little River, South Carolina
facility.
Updating an earlier release (March 25th), the South Carolina facility is now capable of producing
up to 106,000 gallons of fluids per day. A marked increase over earlier capabilities. The
company is now better positioned to meet the growing demand for its Hypochlorous Acid-based
disinfecting fluids.
“Our team has been working around the clock over the last several weeks to make this happen,”
says Stuart Emmons, PCTL Executive VP of Engineering and R & D. “The South Carolina
facility is now better positioned to fulfill the daily orders we have been receiving.”
Due in part to the ongoing coronavirus pandemic, the company has seen an exponential increase
in sales and inquiries from current and prospective customers. Late last month the company
shifted its short-term focus towards fluid production and sales to meet increasing demand.
“It’s supply and demand,” according to PCTL CEO Gary Grieco. “The demand is there and now
so is the supply. We needed to shift our focus towards where we can have the most impact and
do the most good for our customers and the communities they serve. At the same time, this
presents an opportunity for us to elevate our profile, grow our business, and showcase how
effective our products can be in the ongoing fight against the spread of infectious disease.”
The company has also been hiring additional support staff to support growing business
operations. Most recently, the company engaged Joseph Tippmann, graduate of The University
of Michigan’s Industrial Design and Architecture program, as a new design engineer. Tippmann
joined the company on a contract basis initially and has spent the past two weeks performing
design updates on Annihilyzer and Hydrolyte Rack systems in addition to helping design a more
modular system for easier assembly.
Tippmann is also a co-owner of Werks Manufacturing, a Fort Wayne, Indiana based
manufacturing company which PCTL engages for the purpose of manufacturing and assembling
parts for use in the company’s Annihilyzer® Infection Control System and other systems.
Werks Manufacturing is expanding their operation and will increase parts and assembly
production to meet PCTL’s growing demand. In addition, Werks will also serve as a fluid depot
for PCTL’s clients in the northern Midwest part of the United States. Werks will initially be
capable of producing up to 4,000 gallons per day of disinfecting fluids, including Hydrolyte®,
for sale and use by PCTL to clients in Detroit, Chicago, and throughout the region. This fluid
production capacity can be increased as needed to serve growing demand.
“We are continuing our rapid growth plans,” says Grieco. “Through strategic partnerships,
distribution agreements, and more, we are gaining market share, increasing revenue at a rapid
pace, and growing our business both quickly and efficiently.”
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: actual sales derived by the Company; actual amount
of daily fluid production capability; the increase in fluid production; 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.
Gary Grieco, CEO and Chairman
(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
https://www.para-con.com/images/docs/PCTL04-07-20.pdf
PCT Ltd. (PCTL) Stock Research Links
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