PCT LTD Announces Rebranding of Two Product Lines

Rhea-AI Summary

PCT LTD (OTC Pink: PCTL) announced on August 19, 2022, its strategic move to separate its Healthcare and Oil & Gas technologies into distinct subsidiaries. The Healthcare division will be rebranded as 21st Century Healthcare, Inc., while the Oil & Gas division will become 21st Century Energy, Inc. This restructuring aims to enhance marketing opportunities and attract investments tailored to each sector. Both subsidiaries plan to develop partnerships and focus on their target markets more effectively.

Positive

• Segregation of divisions allows for focused marketing strategies.
• Creation of 21st Century Healthcare and 21st Century Energy could attract targeted investments.
• Strategic partnerships anticipated to strengthen market presence.

Negative

• Risks associated with the ability to raise sufficient funds for operations.
• Execution of business plans remains uncertain amid competition and market conditions.

LITTLE RIVER, S.C.--(BUSINESS WIRE)-- PCT LTD (OTC Pink: PCTL) August 19, 2022. PCT LTD., operating through its wholly owned operating subsidiary Paradigm Convergence Technologies, Inc (PCT) today announced that it is in the process of segregating their Healthcare and Oil & Gas technologies into separate wholly owned subsidiaries to capitalize on marketing opportunities.

The PCT Healthcare division is being rebranded with assets transferred into 21^st Century Healthcare, Inc. while the PCT Oil & Gas division will be rebranded with assets transferred into 21^st Century Energy, Inc.

21^st Century Healthcare, Inc. intends to build and market equipment and fluids specifically to the healthcare industry.

21^st Century Energy, Inc. intends to market oil and gas technologies and services to the Oil & Gas industry.

Both new entities anticipate marketing directly to their customer base and form strategic partnerships with companies that are heavily engaged in both Healthcare and Oil & Gas, respectively.

PCT believes that this will open additional investment and strategic alliance opportunities. PCT has found there is much more opportunity to attract the necessary investment and alliances to assure the funds will be used in the areas of investment interest while each company focuses on their specific market.

PCTL will continue to update our stockholders on events as they occur.

About PCT LTD:

PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, eco-friendly 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.

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: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; benefits arising from the transfer of assets into the two subsidiaries; the ability of the subsidiaries to attract investment and strategic alliance opportunities; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220819005255/en/

Investor Relations Contact

Tim Rieu

410-825-3930

or

ir@pctl.com

www.pctl.com

Twitter: https://twitter.com/PCTL_

Source: PCT LTD

FAQ

What is PCT LTD's recent announcement regarding its subsidiaries?

PCT LTD is separating its Healthcare and Oil & Gas divisions into distinct entities called 21st Century Healthcare, Inc. and 21st Century Energy, Inc.

Why is PCTL segregating its Healthcare and Oil & Gas divisions?

PCTL aims to capitalize on marketing opportunities and attract investments specific to each sector.

What are the expected benefits of forming 21st Century Healthcare and 21st Century Energy?

The new subsidiaries intend to focus on their respective markets and form strategic partnerships.

When did PCT LTD make this announcement?

The announcement was made on August 19, 2022.

What is the stock symbol for PCT LTD?

PCT LTD trades under the symbol PCTL on the OTC Pink market.