PCT LTD (OTC Pink: PCTL) is pleased to announce they have reached a final agreement with Paradigm Convergence Technologies (Europe) Ltd The agreement was enacted on May 25th 2020 and will secure a mutually beneficial business relationship between the two entities in which PCTL will hold a beneficial stake

We have been working diligently to formalize the final terms of our arrangement says PCTL CEO Gary Grieco Through this agreement Paradigm Convergence Technologies (Europe) Ltd will be able to introduce our technology throughout the United Kingdom and their interconnected healthcare system The arrangement also provides territory rights to PCT Europe throughout 5 additional European nations

We see a growing need for our technology in the UK and throughout Europe both in the short and long-term explains Grieco The highly talented team PCT Europe has in place will spearhead sales and placements in their respective territories and should result in a highly lucrative and beneficial arrangement for both parties

Grieco explains that the only current barriers are the increased travel restrictions in the UK and Europe as a result of the ongoing COVID-19 pandemic Once restrictions are relaxed we anticipate tying down the final pieces and moving the commercialization efforts forward Grieco says

The company is also providing an update on the state of their 10-K annual filing due May 29^th A form 8-K was filed earlier today with the SEC providing an update on the status of that filing

Social distancing measures have been taken by both PCTL's outside accountants and its independent registered public accounting firm in order to protect the health of their employees Further travel restrictions have delayed certain inventory audit procedures and other items required for the annual audit

Unfortunately even in today's connected world there are several aspects of an annual audit which cannot easily be tended to remotely explains PCT CFO Marion Sofield Unlike with pre-pandemic quarterly filings our annual audit requires creative methods to counteract the lack of in-person on-premises auditing of certain financial records inventory records and other pertinent business information The current travel restrictions have disturbed that process despite the best efforts of our team as well as our outside accountants and auditors

We're hard at work trying to get things completed says Sofield adding that the company plans to file their annual 10-K as soon as possible

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 US and UK 

Forward-Looking Statements:

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 PCT LTD and PCT (Europe) Ltd to commercialize the Annihilyzer technology in the UK and other European countries; the timeframe for lifting COVID-19 restrictions; the time required for finalizing PCTL's annual audit and 2019 10-K; 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 

Gary Grieco CEO and Chairman PCT LTD 

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wwwpctcorphealthcom 
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