PCT LTD Announces New Distributor, Large Purchase
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Posted On: 08/26/2020 1:19:02 AM
PCT LTD Announces New Distributor, Large Purchase Order for Annihilyzer® Systems
LITTLE RIVER, S.C.--(BUSINESS WIRE)-- PCT LTD 08/25/2020 (OTC Pink: PCTL) is happy to announce the receipt of a purchase order for the installation of five new Annihilyzer® Infection Control systems as well as an additional distributorship to the company’s growing network.
Through PCTL’s primary healthcare distributor, ACE Janitorial Services, five (5) of the company’s modified rack-mounted Annihilyzer® Infection Control systems are being installed at an existing NYC hospital, adding to the two systems currently installed and operating at this location. The hospital is currently conducting a pilot program aimed at increasing their ability to produce disinfecting fluid onsite for use in multiple applications.
In addition, the company is providing an update on a new distributorship which is being added to the growing network of PCTL distributors. PCTL Disinfectant Solutions, LLC is a Ft. Lauderdale, Florida based level 1 distributor. This company was formed specifically for the purpose of distributing PCT LTD products. It is important to note, this is a separate, privately-owned company and is not a joint venture, partnership, or other affiliate of PCT LTD beyond a distribution agreement. PCTL Disinfectant Solutions LLC’s decision to build a business around the distribution of PCTL’s Hydrolyte® disinfectant was made due to interest in PCTL’s highly effective, hospital grade disinfectant, with its US EPA registration (92108-1) and because the environmentally-responsible nature of the HOCl-based product is exactly what consumers, both business and government, are seeking.
With the addition of PCTL Disinfectant Solutions, the company now has 24 distributors and/or supplemental registrants in 17 states and Puerto Rico and plans to continue to expand its growing network.
“We are continuing to vet and add additional distributors in specific areas which we’ve identified as having the greatest opportunity for growth and success,” explains PCT Corp President Bill Prince. “Our footprint has been growing exponentially over the last several months and we see that continuing through the end of the year.”
The company is continuing to work on releasing its second quarter 10-Q report which is in the final stages of review by the company’s independent accountants and auditors. The company expects to file the report as soon as possible.
“We continue to appreciate the patience and understanding of our investors,” says PCTL CEO Gary Grieco. “We remain committed to increasing shareholder value as well as confidence and know that establishing a process which ensures that all necessary filings are completed within a reasonable timeframe are an important step in that direction.”
“Unfortunately, the delay experienced in filing our 2019 10-K Annual Report impacted subsequent filings and caused unfortunate and unavoidable setbacks for those reports,” adds Grieco. “Now that our 2019 10-K Annual report and our first quarter 10-Q report have been filed, our second quarter 10-Q filing is imminent, and we are confident that future filings will not experience similar delays.”
https://www.otcmarkets.com/stock/PCTL/news/st...id=1677795
LITTLE RIVER, S.C.--(BUSINESS WIRE)-- PCT LTD 08/25/2020 (OTC Pink: PCTL) is happy to announce the receipt of a purchase order for the installation of five new Annihilyzer® Infection Control systems as well as an additional distributorship to the company’s growing network.
Through PCTL’s primary healthcare distributor, ACE Janitorial Services, five (5) of the company’s modified rack-mounted Annihilyzer® Infection Control systems are being installed at an existing NYC hospital, adding to the two systems currently installed and operating at this location. The hospital is currently conducting a pilot program aimed at increasing their ability to produce disinfecting fluid onsite for use in multiple applications.
In addition, the company is providing an update on a new distributorship which is being added to the growing network of PCTL distributors. PCTL Disinfectant Solutions, LLC is a Ft. Lauderdale, Florida based level 1 distributor. This company was formed specifically for the purpose of distributing PCT LTD products. It is important to note, this is a separate, privately-owned company and is not a joint venture, partnership, or other affiliate of PCT LTD beyond a distribution agreement. PCTL Disinfectant Solutions LLC’s decision to build a business around the distribution of PCTL’s Hydrolyte® disinfectant was made due to interest in PCTL’s highly effective, hospital grade disinfectant, with its US EPA registration (92108-1) and because the environmentally-responsible nature of the HOCl-based product is exactly what consumers, both business and government, are seeking.
With the addition of PCTL Disinfectant Solutions, the company now has 24 distributors and/or supplemental registrants in 17 states and Puerto Rico and plans to continue to expand its growing network.
“We are continuing to vet and add additional distributors in specific areas which we’ve identified as having the greatest opportunity for growth and success,” explains PCT Corp President Bill Prince. “Our footprint has been growing exponentially over the last several months and we see that continuing through the end of the year.”
The company is continuing to work on releasing its second quarter 10-Q report which is in the final stages of review by the company’s independent accountants and auditors. The company expects to file the report as soon as possible.
“We continue to appreciate the patience and understanding of our investors,” says PCTL CEO Gary Grieco. “We remain committed to increasing shareholder value as well as confidence and know that establishing a process which ensures that all necessary filings are completed within a reasonable timeframe are an important step in that direction.”
“Unfortunately, the delay experienced in filing our 2019 10-K Annual Report impacted subsequent filings and caused unfortunate and unavoidable setbacks for those reports,” adds Grieco. “Now that our 2019 10-K Annual report and our first quarter 10-Q report have been filed, our second quarter 10-Q filing is imminent, and we are confident that future filings will not experience similar delays.”
https://www.otcmarkets.com/stock/PCTL/news/st...id=1677795
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