PCT
LTD Engages Interim Chief Financial Officer and Interim Chief Legal
Counsel
Little River, SC
-- December 10, 2020 -- InvestorsHub NewsWire -- PCT LTD
(OTC
Pink: PCTL), today announced the engagement of Sheldon A.
Smith, Esquire (Certified Public Accountant and Juris Doctorate),
as the Company's Interim CFO and Interim Chief Legal Counsel,
beginning on January 1, 2021. PCTL and Smith
have executed a contract for interim services for the first quarter
of 2021.
Mr. Smith
will be taking the place of the current CFO Marion Sofield. Ms.
Sofield is staying with the Company and will be taking on an
important role in the marketing department and overseeing special
projects for PCT LTD. In the meantime, she will be working closely
with Mr. Smith to assist him in a smooth
transition.
Gary
Grieco, PCTL's
CEO,
commented, "Marion is a very
important member of our management team and we are excited to have
her utilize her skills and expertise to help grow the Company as we
work towards taking PCT LTD to the next level in the coming new
year."
Mr. Smith's
Curriculum Vitae includes extensive experience as General Counsel
for start-up and well-established companies specializing in company
organization, protecting intellectual properties, contract
development, oversight of litigation, tax planning, audit
processes, and other relevant
job
responsibilities. Having a strong background in both
law and accounting, Smith's Curriculum Vitae illustrates a
successful career in C-level, executive management for private and
public companies, as well as with a 501 (C) (3) not-for-profit
company. Having achieved Cum Laude status at J. Reuben Clark
Law School, Brigham Young University
and
a
Bachelor
of Science, Magna Cum Laude from Weber State
College, Smith has been awarded numerous recognitions as a high
school basketball coach, Director and Advisor for ACCPROS, a
national organization serving CEO's, attorneys and owners of
over
35 national
companies, as well as
serving in other respected
roles within his community.
Sheldon Smith, PCTL's
Interim CFO and Legal Counsel, stated, "After researching the
company and visiting with both management and staff, I am
looking
forward to the upcoming work we
will soon be accomplishing together."
Gary Grieco,
further
commented,
"Mr. Smith
is an
accomplished attorney and certified public accountant with many
years of experience and a great deal of business know-how. We're
hoping our interim roles for him
will grow
into a more permanent position, so we will be tasking him with
great responsibility as PCTL moves into even higher gears of
forward motion and growth."
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 U.K.
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:
PCTL's ability to raise sufficient funds to satisfy its working
capital requirements; the ability of PCTL to execute its business
plan; the anticipated results of business contracts with regard to
revenue; and 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.
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
Rich Inza, Investor
Relations (RMJ Consulting, LLC)
(843)
491-4611
IR@para-con.com
Dave
Donlin,
Investor Relations (Cervelle
Group)
(407)
405-8142
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