LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) is pleased to announce they are continuing their expansion efforts with additional hospital installations and have reached distributor agreements with three new entities.
Two of the new distributors will operate in the western United States (California and Utah primarily) while the third distributor is based in South Carolina, shoring up the company’s existing presence in the state.
“All of our potential distributors undergo a thorough vetting process,” says PCT Corp President Bill Prince. “We are looking to form strategic partnerships that will help us expand our existing presence; or establish a foothold in a new territory that we’ve identified.”
“The businesses we work with are looking to maintain their competitive edge as they establish their own sales and distribution channels,” says Bill Prince, explaining why the company often declines to mention their distributors by name. “There’s a lot of competition out there in the disinfection space. Especially now,” adds Prince. “We have a tremendous amount of confidence in the businesses and people we work with.”
Geographic expansion is only one of the areas the company focuses on when selecting distributors. “We’re also looking to expand industries,” says CEO Gary Grieco, adding that the new distributors operate in diverse industries, including medical supplies and equipment to industrial and commercial services.
The companies will commence fluid sales shortly, with the possibility of at least one distributor expanding to produce their own fluids down the road.
“We couldn’t be happier to welcome some new members into our distributor network,” says Grieco. “Demand for our fluids has been increasing rapidly. Expanding our distribution channels helps us to meet that demand on a large and growing scale.”
The company now has at least 10 distributors and sub-registrants for its EPA-approved solutions, in multiple states as well as internationally. They continue to vet interested applicants in their distribution pipeline and expect to continue to add to their growing network of distributors over the next several months and into the foreseeable future.
The company is also announcing a new hospital installation. Following up on an earlier release from April 14th, installation in a large NYC area hospital is expected to commence early next week through PCT’s primary healthcare distributor ACE Janitorial Services. Two additional installations are scheduled in NYC hospitals over the following weeks.
“We’re excited to be able to move forward with these installations and help these hospitals in their fight against infectious disease,” says PCT Director of Healthcare Darryl Patterson, adding that recent travel restrictions and quarantine protocols in New York State have slowed the company’s installation activities over the last two months.
“Our new rack-mounted systems are well-suited for the current healthcare environment where quicker, less labor-intensive installations are ideal,” says Patterson. “Credit is due to Stuart Emmons, P.E., Executive VP for Engineering and Research & Development and his department, who have worked tirelessly to design and build these new systems.”
The Annihilyzer® rack-mounted system provides the same capabilities of monitoring, tracking and volumes of fluid solutions produced as the flagship cabinet model. However, the rack system fits into confined spaces for greater installation flexibility and allowing even more areas within hospitals to be serviced.
“Cabinet model installations may take up to five hours to complete,” explains Patterson. “With the new rack-mounted system, installations can now be completed in under an hour.”
Additional hospital installations of PCT Corp.’s Annihilyzer® Infection Control Systems are expected to continue throughout the end of the month and into the summer.
“Our fluid sales and distribution activities have helped facilitate growth and business expansion,” explains CEO Gary Grieco. “With our hospital installations now on track as well, we’re full steam ahead on multiple fronts. It’s a very serious, but exciting time for us.”
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.
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.
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’s most recently added distributors to gain and maintain certain saturation levels within their regions; the ability of PCTL to travel to the NYC area for the installation of equipment; subsequent installations of PCT’s Annihilyzer Infection Control Systems; 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.