PCT Hydrolyte; Expansion; the Reversal: PCT Ltd (OTCMKTS: PCTL)
BY AMY MURPHY ON DECEMBER, 2020 MEDIA & TECHNOLOGY, MICRO CAP INSIDER, SMALL CAPS
PCT Ltd (OTCMKTS: PCTL) is an exciting story in small caps that has come back down to oversold levels where speculators are accumulating. PCTL saw an explosive move earlier this year from triple zeroes to highs near a dime before a return to current levels.
PCT LTD recently executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months. An initial order has been fulfilled on this contract. PCT management has given revenue guidance for fiscal 2020 and 2021; Management states it anticipates revenues of approximately $4 million in fiscal 2020. In addition, management said it expects to achieve record setting revenues during the 4th quarter of 2020. For 2021 management anticipates revenues will be in excess of $10 million.
PCT Ltd (OTCMKTS: 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.
The Company has begun construction on its Fort Wayne Indiana facility and is expected to be completed soon. Once Phase One is completed it will enable PCT LTD to produce fluids at the Fort Wayne facility.
PCT launched its patented Annihilyzer® Infection control system, a revolutionary product line that reduces the likelihood of acquiring Hospital Associated Infections within hospitals in the United States and Europe. PCT’s Annihilyzer® System has now been deployed in about a dozen hospitals with some of the hospitals moving on to to multiple systems. Management said it expects to grow at the rate of a minimum of two hospitals a month for the first part of this year and then to double that for the second half of the year.
In October PCTL announced it has executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months. An initial order has been fulfilled on this contract.
The Company also executed a royalty-bearing license agreement between PCT Corp. and Zerorez Franchising Systems, Inc. a national carpet and living surface cleaning franchise company. Twenty years ago, Zerorez disrupted the carpet and living surface cleaning industry by introducing its groundbreaking patented cleaning technology that includes cleaning with electrolyzed fluids called ZR Water®, in lieu of harsh and harmful soaps, detergents and surfactants. This technology created the first no residue® cleaning result and is the center point of Zerorez’s continued technological innovation in the carpet and living surface industry.
PCT was recently able to settle $2,150,000 in debt earlier this year after months of negotiations. As of November 23, 2020, PCTL had 723,737,000 shares of common stock outstanding and only 530,000 warrants outstanding; with exercise prices ranging from $0.10 to $2.00. CEO Gary Grieco commented, “We are relieved to finally have these variable rate convertible notes settled. The dilution and compounding interest were a heavy burden on the Company. PCT LTD is now in a position, with increasing sales, revenue, and manufacturing capability, to qualify for more conventional financing, if needed, to continue our accelerated growth into 2021 and beyond.”
MicroCap Daily first reported on PCTL on February 4 when the stock was $0.01 stating at the time “PCT Ltd (OTCMKTS: PCTL) has been on a steady rise recently surpassing the $0.01 mark up big from its lows last summer in double zero land. PCTL. The stock has quickly developed a loyal shareholder base that continues to push this one higher. PCTL launched the patented Annihilyzer® Infection control system, a complete and custom turn-key cleaning, sanitizing and disinfection program solution that is adaptable to deployment in schools, prisons, hotels and many other facilities. As of January 21 the Company had 11 systems installed in 8 hospitals.
For More on PCTL Subscribe Right Now!
Currently looking for a significant reversal PCTL is an exciting story developing in small caps, the PCT Annihilyzer® System has been deployed at a growing number of hospitals with some of the hospitals moving on to to multiple systems. Management is also well aware of the coronavirus connection recently stating at a conference call they are currently in negotiations regarding the coronavirus situation. PCTL seems to be on a growth trajectory; as PCT President Gary Grieco recently stated: “We have gone through some really rough times, the ship has been stabilized and our growth potential is better and bigger than it ever was before.” PCT LTD recently executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months. An initial order has been fulfilled on this contract. PCT management has given revenue guidance for fiscal 2020 and 2021; Management states it anticipates revenues of approximately $4 million in fiscal 2020. In addition, management said it expects to achieve record setting revenues during the 4th quarter of 2020. For 2021 management anticipates revenues will be in excess of $10 million. We will be updating on PCTL when more details emerge so make sure you are subscribed to Microcap daily so you know what’s going on with PTCL.
Disclosure: we hold no position in PCTL either long or short and we have not been compensated for this article.
