$PCTL NEWS-PCT LTD Discusses Its Rapid Growth and
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Posted On: 04/21/2020 9:04:17 AM
$PCTL NEWS-PCT LTD Discusses Its Rapid Growth and Expansion Plans with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - April 21, 2020) - The Stock Day Podcast welcomed PCT LTD (OTC Pink: PCTL), a company that focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. CEO of the Company, Gary Grieco, joined Stock Day host Everett Jolly.
Jolly began the interview by noting the Company's recent increase in sales, and asked whether or not this trend is expected to continue. "Yes, we had this big rush to sell, but now what is occurring is we are beginning to get another line of distributors," explained Grieco, noting that the Company currently has three new distributors and is expecting to add an additional three to four distributors within the next ten days. "Each one of these distributors is already in business," said Grieco. "What they are doing is shifting from using the harsh chemicals to using our product in their businesses," he continued, adding that hospitals have also expanded their use of the product in their facilities.
"Although the initial panic-buying has subsided, we'll be growing certainly this month and into the foreseeable future," shared Grieco.
The conversation then turned to dilution and outstanding shares. Grieco noted that dilution occurred prior to January 2020, but shared that any shares that are currently being issued are meant for growth. "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," he added. "We have to expand very rapidly. We see a need, starting in July, to start delivering at least 25 systems a month," said Grieco.
Jolly then commented on the Company's latest press release detailing a distribution agreement with the UK NHS company. Grieco shared that the agreement will likely begin with five systems starting in July and will later expand to fulfill the needs of their healthcare system.
Grieco then addressed rumors that the Company is expanding into China. Grieco shared that the Company signed an MOU in January of 2020, which required the Company to deliver systems. "When the pandemic broke, we took that out of the equation," said Grieco. "What we have done is tabled any discussions until late summer," he continued. "I don't feel that we should be shipping any systems anywhere as long as we need them here in the United States."
"How are you going to manage this rapid growth?" asked Jolly. Grieco expanded on the potential of the Company's Fort Wayne facility, sharing that the Company can grow by about 40% with this facility. "The Little River facility will be strictly for R&D and speciality orders on equipment," said Grieco when explaining the Company's plan for growth moving forward. "We're going to shift all of the manufacturing to Fort Wayne," he continued, noting that the Company is also taking precautions to make necessary upgrades as they continue to grow.
To close the interview, Grieco shared that the Company has faced major challenges with success and is now on a rapid growth path which includes their work in the healthcare industry, as well as in the oil, gas, and cannabis industries.
To hear Gary Grieco's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7562220-pct-ltd-d...ay-podcast
Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.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, "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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200416005907/en/
Contacts
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
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
SOURCE:
Stock Day Media
602-441-3474
https://www.newsfilecorp.com/release/54690/PC...ay-Podcast
Phoenix, Arizona--(Newsfile Corp. - April 21, 2020) - The Stock Day Podcast welcomed PCT LTD (OTC Pink: PCTL), a company that focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. CEO of the Company, Gary Grieco, joined Stock Day host Everett Jolly.
Jolly began the interview by noting the Company's recent increase in sales, and asked whether or not this trend is expected to continue. "Yes, we had this big rush to sell, but now what is occurring is we are beginning to get another line of distributors," explained Grieco, noting that the Company currently has three new distributors and is expecting to add an additional three to four distributors within the next ten days. "Each one of these distributors is already in business," said Grieco. "What they are doing is shifting from using the harsh chemicals to using our product in their businesses," he continued, adding that hospitals have also expanded their use of the product in their facilities.
"Although the initial panic-buying has subsided, we'll be growing certainly this month and into the foreseeable future," shared Grieco.
The conversation then turned to dilution and outstanding shares. Grieco noted that dilution occurred prior to January 2020, but shared that any shares that are currently being issued are meant for growth. "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," he added. "We have to expand very rapidly. We see a need, starting in July, to start delivering at least 25 systems a month," said Grieco.
Jolly then commented on the Company's latest press release detailing a distribution agreement with the UK NHS company. Grieco shared that the agreement will likely begin with five systems starting in July and will later expand to fulfill the needs of their healthcare system.
Grieco then addressed rumors that the Company is expanding into China. Grieco shared that the Company signed an MOU in January of 2020, which required the Company to deliver systems. "When the pandemic broke, we took that out of the equation," said Grieco. "What we have done is tabled any discussions until late summer," he continued. "I don't feel that we should be shipping any systems anywhere as long as we need them here in the United States."
"How are you going to manage this rapid growth?" asked Jolly. Grieco expanded on the potential of the Company's Fort Wayne facility, sharing that the Company can grow by about 40% with this facility. "The Little River facility will be strictly for R&D and speciality orders on equipment," said Grieco when explaining the Company's plan for growth moving forward. "We're going to shift all of the manufacturing to Fort Wayne," he continued, noting that the Company is also taking precautions to make necessary upgrades as they continue to grow.
To close the interview, Grieco shared that the Company has faced major challenges with success and is now on a rapid growth path which includes their work in the healthcare industry, as well as in the oil, gas, and cannabis industries.
To hear Gary Grieco's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7562220-pct-ltd-d...ay-podcast
Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.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, "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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200416005907/en/
Contacts
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
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
SOURCE:
Stock Day Media
602-441-3474
https://www.newsfilecorp.com/release/54690/PC...ay-Podcast
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