PCT LTD Updated Statement Regarding U.K. Market Entry
PCT LTD (OTC Pink: “PCTL”) held their Shareholder Conference Call yesterday, September 29, 2020 and provide the following statement about the Company’s activities in the United Kingdom and in the oil & gas industry.
PCTL received orders and a cash deposit from its U.K. partner, Paradigm Convergence Technologies (Europe) LTD. One of the provisions in our agreement requires a 50% cash deposit, which we have received.
PCTL President and CEO, Gary Grieco, commented, “We have all been deeply involved in putting together a launch in the U.K. Now, we have orders to provide equipment for the hospitals and equipment to provide volumes of fluids for the commercial markets in Europe. Growing this business is a priority and we’ve been advised by our U.K. partner to expect additional PO’s in the very near term.”
Several investors have asked for clarification regarding the oil and gas industry statements made during yesterday’s shareholder conference call. No further information is public at this time, but the Company encourages everyone to review the audio recording of the conference call, which is posted in the investor relations section of our website, www.para-con.com.
“We appreciate that over 300 people took time from their busy days to listen to our conference call,” stated Gary Grieco.
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.