PCT LTD Reports Installations of Annihilyzer® Hospital Equipment and Provides Update on Current Share Structure
December 17 2020 - 8:15AM
InvestorsHub NewsWire
LITTLE
RIVER, SC -- December 17, 2020 -- InvestorsHub NewsWire -- PCT
LTD (OTC
Pink: PCTL) reports the successful
installation of four rack-mounted Annihilyzer® systems in another
new NYC hospital through the efforts of the Company's distributor,
ACE Janitorial. In addition, two more
Annihilyzer® systems are slated for installation in another NYC
hospital at the beginning of 2021.
The newly installed
Annihilyzer®
systems
are providing
hospitals and the healthcare industry at large with cutting edge
disinfecting and decontaminating solutions that combat microbial
infection during this global
pandemic.
PCT LTD CEO, Gary Grieco, stated, "We are proud to be filling the
growing demand of our products to hospitals in New York
City. Currently, we
are prepared to
ship and install more Annihilyzer®
equipment
now
and
into the new
year."
PCTL is also providing an update
to shareholders on the outstanding
number of shares
of its Common Stock. The actual number of outstanding shares
was 721,187,846, of which 126,187,846 shares were
restricted, as of November 30,
2020.
Gary Grieco, PCTL's CEO,
commented, "In response to incoming
questions, we acknowledge that we may have
caused some confusion by making close estimates of the
outstanding shares reported in our press release and subsequent
8-K. The intent was to get important information out quickly
about settling previous variable rate convertible notes."
Grieco further stated, "In addition to
the updates
announced in this release, there are many other activities
occurring that will likely play an exciting role in
PCTL's record-setting 4th
quarter."
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"
continues to
be 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: the
ability of PCTL to fulfill equipment
orders;
PCTL's continued installation of equipment;
subsequent installations of PCTL's Annihilyzer Infection Control
Systems and other larger-volume equipment; 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, PCT LTD
+1(843) 390-7900
Office
www.para-con.com
www.pctcorphealth.com
www.survivalyte.com
Rich Inza,
Investor Relations (RMJ Consulting, LLC)
+1(843)
491-4611
IR@para-con.com
Dave
Donlin,
Investor Relations (The Cervelle
Group)
(407) 405-8142
SOURCE PCT
LTD
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