PCT LTD - PCTL STOCK NEWS

PCT LTD (PCTL) has formed a joint venture with Maverick Energy Services to test and monetize innovative enhanced oil recovery technology. Named Disruptive Oil & Gas Technologies Corp, the JV plans to drill wells in the Grassy Creek field, with Maverick providing drilling services and PCTL supplying their proprietary fluids. This technology aims to significantly improve oil recovery while cutting costs. The venture is independently funded through a Regulation D offering. PCTL will also collect data to market its services to fossil fuel operators.

PCT LTD (OTC Pink: PCTL) reported a 45% increase in revenues for Q1 2021, totaling $395,519, up from $272,812 in 2020. However, the company recorded a net loss of $648,154, compared to $508,475 in the previous year. CEO Gary Grieco highlighted the establishment of a distribution network and the successful installation of the Annihilyzer Infection Control equipment in a North Carolina hospital as key developments. The company aims to expand its market presence and improve operational efficiency with new partnerships.

PCT LTD (OTC Pink: PCTL) reported a 45% increase in revenues for Q1 2021, totaling $395,519, up from $272,812 in Q1 2020. However, the company faced a net loss of $648,154 during the same period, a decline from a loss of $508,475 in the previous year. CEO Gary Grieco emphasized a strategy focusing on expanding their distribution network and enhancing the performance of their new Annihilyzer Infection Control system. The company is also collaborating with its subsidiary in Europe for better operational efficiency.

PCT LTD (OTC:PINK "PCTL") has established a joint venture with ProtectX International ("PXI") to jointly market PCTL’s Annihilyzer® Infection Control Systems and Hydrolyte® disinfectant. This partnership aims to leverage ProtectX's marketing capabilities and extensive client base. CEO Gary Grieco emphasized the benefits of PXI’s creative branding and customer-centered design integration. Both companies will focus on expanding PCTL's solution reach in healthcare and commercial sectors, with plans for developing products that cater to smaller businesses.

PCT LTD (OTC:PINK "PCTL") announced the appointment of Arthur E. Abraham as Chief Financial Officer, effective May 17, 2021. Abraham, a seasoned financial leader with experience in various organizations including Haagen-Dazs and SYSCO, will succeed Sheldon Smith, who will now oversee SEC compliance. CEO Gary Grieco expressed confidence in Abraham's ability to navigate economic challenges and drive growth. Abraham aims to enhance shareholder value by leveraging his extensive experience in financial operations.

PCT LTD (PCTL) announced that its application for quotation on OTC Markets' QB tier was declined due to outstanding requirements related to prior settlement agreements and potential dilutive debt. CEO Gary Grieco stated the company aims to replace difficult debt with increasing revenues from various sources, including licensing and sales. PCT LTD will continue as a reporting entity on OTC Pink and plans to reapply for the QB tier in September 2021. The company emphasizes reliance on official press releases for material updates and acknowledges the risks and uncertainties in executing its business plan.

PCT LTD (OTC PINK: PCTL) announced progress in infield testing at Grassy Creek, MO, where it assessed the effectiveness of PCT Catholyte in enhancing oil production. Initial tests showed a decrease in the water-to-oil ratio from 99/1 to 97/3. Post severe weather disruptions, subsequent tests revealed an improvement to 60/40 by March. PCTL plans to release a detailed technical report within 30 days. The company emphasizes that material information will be distributed through official channels only.

PCT LTD (OTC Pink: PCTL) reported impressive financial results for the fiscal year ending December 31, 2020. Revenues surged 255% to $2.5 million from $708 thousand in 2019, driven by increased demand during the COVID-19 pandemic, along with fluid-producing equipment sales and licensing revenue. The net loss attributable to common stockholders decreased 43% to $8.1 million. CEO Gary Grieco cited ongoing efforts to expand operations and improve business models, aiming for aggressive growth in 2021, particularly in the healthcare sector.

PCT LTD (OTC:PINK PCTL) announced the resolution of its dispute with Annihilare Medical Systems, Inc. and two former employees. Chairman Gary Grieco expressed satisfaction with the outcome, stating the efforts spent on the case were worthwhile. The company aims to focus on its future after concluding this chapter. PCT LTD specializes in environmentally safe disinfecting technologies and continues to gain market share in the U.S. and U.K. PCT urges stakeholders to rely on official press releases and SEC filings for corporate information.