PCT LTD Receives Large Purchase Order for Recurring Sales of Fluids for Non-Medical Use and Explains Current Revenue Streams
March 18, 2020
LITTLE RIVER, S.C.--(BUSINESS WIRE)--Mar 18, 2020--
PCT LTD (OTC Pink: PCTL) (“PCTL”) is pleased to announce they have obtained a large pre-paid order from an existing sub-registrant in the Midwestern United States for 10,000 gallons of a specific fluid solution, with regular, recurring orders expected to follow.
PCT LTD CEO, Gary Grieco commented, “Our customer is ramping up their business to meet new contracts and we’re here to help them meet the growing demand.”
PCT LTD has been attracting increased attention as of late due to their Annihilyzer® Infection Control System which is currently installed in 9 US hospitals and 1 in the United Kingdom. However, its flagship Annihilyzer® product is far from the company’s only source of revenue. PCT LTD also generates revenue from the sale of equipment, the sale of fluids, in addition to licensing and royalty fees from its sub-registrants, distributors, and other customers.
With the company’s existing US EPA registration, PCT LTD has licensed a select number of companies as sub-registrants. Using PCT’s US EPA registration, the company licenses the use or sale of its proprietary products, including fluids such as Hydrolyte® and Hydrolyte® generators. Royalty agreements are also part of PCT’s revenue model and are often, though not exclusively, negotiated on a per gallon basis with sub-registrants.
Having multiple revenue streams is an important focus of the company’s business model, explains PCT Corp. President Bill Prince. “We’ve been active in our efforts to expand our network of quality sub-registrants and distributors in order to facilitate strategic growth. With multiple revenue streams, we’re able to achieve these goals more efficiently.”
PCT LTD currently has three active sub-registrants in two US states and one in Puerto Rico. The company currently has distributors in 3 US states. Collaborative and other agreements are in place with other complimentary business “partners.” Additional sales and installations are expected to be announced in coming weeks as the company expands its operations and continues to build on its current growth trajectory.
In a recent interview with the Stock Day Media Podcast, CEO Gary Grieco discussed the effectiveness of the product, competitive advantages over other cleaning solutions, and provided an update on the company’s current growth. Highlights include numerous international inquiries, transitioning to operating profit, and record revenue flow in the first quarter of 2020
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