LITTLE RIVER, South Carolina – (Antara / BUSINESS WIRE) – Sep 30, 2020–
PCT LTD (OTC Pink: “PCTL”) held a Shareholders Conference Call yesterday, 29 September 2020 and provided the following statement regarding the Company’s activities in the UK and in the oil & gas industry.
PCTL accepts orders and cash deposits from its UK partner, Paradigm Convergence Technologies (Europe) LTD. One of the terms in our agreement requires a cash deposit of 50%, which we have already received.
PCTL President and CEO, Gary Grieco, commented, “We are all deeply involved in making the UK launch. Now, we have orders to supply equipment for hospitals and equipment to provide volume fluids for the commercial market in Europe. Growing this business is a priority and we have been advised by our UK partners to expect additional POs in the near future. “
Several investors have asked for clarification regarding the statement of the oil and gas industry which was delivered at the shareholders’ conference yesterday. No further information is open to the public at this time, but the Company encourages everyone to review the audio recordings of the conference call, which are posted in the investor relations section of our website, www.para-con.com.
“We appreciate that more than 300 people take the time from their busy days to listen to our conference calls,” said Gary Grieco.
PCT LTD (“PCTL”) focuses its business on acquiring, developing and providing environmentally safe and sustainable disinfectant, cleaning and tracking technology. The company acquires and holds the rights to innovative, commercialized products and technologies through its wholly owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). Currently trading on OTC: PINK, “PCTL” is actively involved in submitting listing of common shares to the QB OTC market. The company entered its target market with a commercially viable product in the United States and now continues to gain market share in the US and UK.
ADDITIONAL NEWS AND CORPORATE UPDATES:
PCTL wishes to warn its shareholders and potential investors that material corporate information regarding sales, business areas and other corporate updates will only be made through press releases or filings with the SEC. PCTL does not use social media, chat rooms or other online sources to disclose material information. The public should only rely on official press releases and company files for accurate and up-to-date information on PCTL.
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 statement that discloses or involves discussion with respect to predictions, expectations, beliefs, plans, projections, goals, objectives, assumptions or future events or performance is not a statement of historical fact and may be a “forward-looking statement.”
Such statements are based on expectations, estimates and projections at the time such statements involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL’s ability to fulfill orders to the United Kingdom; Continuous installation of PCTL equipment; subsequent installation of the Annihilyzer PCTL Infection Control System and other large volume equipment; PCTL’s ability to raise sufficient funds to meet its working capital requirements; PCTL’s ability to carry out its business plans; other effects resulting from the information disclosed above; risks and effects of legal and administrative processes and government regulations; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could differ materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements made by PCTL in this press release include market conditions and those specified in the reports or documents it files from time to time with the SEC. PCTL is not obligated to revise or update such statements to reflect current events or circumstances after the date of this agreement or to reflect unforeseen events.
CALL: Gary Grieco, CEO and Chairman, PCT LTD
Rich Inza, Investor Relations (RMJ Consulting, LLC)
KEY WORDS: EUROPE UNITED STATES OF AMERICA NORTH AMERICA SOUTH AMERICA UNITED KINGDOM OF SOUTH AMERICA
INDUSTRY KEYWORDS: ENERGY ENVIRONMENTAL OIL / GAS
Copyright 2020 Business Wire.
PUB: 09/30/2020 11:41 AM / DISC: 09/30/2020 11:41
Copyright 2020 Business Wire.
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