Newsfile Corp.Newsfile Corp
Phoenix, Arizona–(Newsfile Corp. – January 11, 2021) – The Stock Day Podcast welcomed PCT LTD (OTC Pink: PCTL) (“the Company”), a company that focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. CEO of the Company, Gary Grieco, joined Stock Day host, Everett Jolly.
Jolly began the interview by asking about the Company’s revenue potential for 2021. “In 2020, a massive percentage of revenues came from the sale of fluids and healthcare. This year, on the good side, you’re going to see a decline in the percentage of the reliance on fluids and healthcare because we are growing in the other areas,” explained Grieco. He then shared that while fluid and healthcare will continue to be their primary revenue sources, the leasing and selling of equipment is expected to increase significantly.
“Looking into 2021, as a break down of the revenues, we feel about 40% will be coming from fluids and healthcare, 20% from leasing and selling equipment, and 40% for agriculture and oil and gas,” said Grieco.
Jolly then asked about the Company’s growing list of distributors. Grieco elaborated on the various types of distributors, as well as the challenges of the COVID-19 pandemic. “We finished the year very strong, and we’re back to our summer levels in revenues,” said Grieco, adding that the Company intends to add more distributors throughout 2021 with a focus on the sanitization and janitorial industries. “They are shifting from the caustic chemicals to our products.”
The conversation then turned to the Company’s evolving team as they continue to grow and expand. “The first major move was with Marion Sofield,” shared Grieco. “We’re redeploying her; she is becoming Vice President and Secretary of PCTL, Senior Vice President of Marketing and Public Relations, and importantly, is now in charge of special projects,” said Grieco. “To replace her, we’ve engaged Sheldon Smith as CFO, who is an attorney and CPA,” he continued. “In general, we currently have 14 full-time employees and 3 part-time employees,” said Grieco, noting that the Company also has 3 consultants to help grow their oil and gas, agricultural and other markets. “We’re up to around 18-19 people. We’re doing it because the demand is there, and we’re going to have to do it to grow the way that we expect to this year.”
“Do you have any idea about what your run rate will be in 2021?” asked Jolly. “We see $10 million as our minimum and we expect that we can go substantially higher,” said Grieco. “We’re very comfortable with stating ten million for 2021, which will be a substantial multiple over 2020.”
To close the interview, Grieco shared that the Company has continued to establish itself in the fluid and healthcare industry, as well as the oil, gas, and agriculture industries. “The upsides are immense on gross revenues and we’re just scratching the surface,” said Grieco. “We’ll be deploying our Series II equipment out, both in healthcare and our large volume machines, this month,” he added. “We continue doing R&D to improve these things, and that it gives us the ability to branch out into other industries,” said Grieco. He then elaborated on the cost to supply the necessary equipment, which will be significant. “It’s going to cost millions of dollars to build all we need. We’ve got good cash flow, and we’re working on standard financings that were never available to us before.”
To hear Gary Grieco’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7769222-pct-ltd-discusses-2021-revenue-potential-with-the-stock-day-podcast.
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. 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 and through Twitter (PCTL@PCTL2021). PCTL does not utilize social media, chatrooms or other online sources to disclose material information. The public should only rely on official press releases, Tweets from the Company’s official Twitter account, and corporate filings for accurate and up to date information regarding PCTL.
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: PCTL’s ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; and 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.
About The “Stock Day” Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
Stock Day Media
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71737