MDCE Delivers Results: Infinite Auctions Closes Auction on In-House Platform, Raising $125,000 to Support Debt Reduction and AI Operations (OTC PINK:MDCE)
Rhea-AI Summary
Medical Care Technologies (OTC PINK:MDCE) reported that its wholly owned subsidiary, Infinite Auctions, completed an online auction using the company's new proprietary auction software platform. The event generated approximately $125,000 in proceeds from sales of company-owned inventory.
According to Medical Care Technologies, the funds will be used to reduce outstanding debt and support ongoing operations tied to its AI vision technology platforms. Management highlighted that this represents non-dilutive capital raised through liquidation of assets as the company works to strengthen its balance sheet and advance AI-focused technology initiatives across its diversified portfolio.
Positive
- $125,000 raised from auction of company-owned inventory
- Proceeds provide non-dilutive capital instead of new equity issuance
- Funds earmarked for debt reduction and AI platform operations
- Successful auction on proprietary in-house auction software platform
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company-Owned Inventory Generates Approximately
MESA, AZ / ACCESS Newswire / July 27, 2026 / Medical Care Technologies Inc. (OTC PINK:MDCE) today announced that its wholly-owned subsidiary, Infinite Auctions LLC, has successfully completed its recent online auction conducted entirely on the Company's newly developed proprietary auction software platform.
The auction generated approximately
"This successful auction on our own in-house platform demonstrates real progress," said Marshall Perkins, CEO of Medical Care Technologies. "While market conditions have been challenging, our subsidiaries continue to generate non-dilutive capital through the liquidation of company-owned assets. We are actively working to strengthen the balance sheet and advance our technology initiatives."
Medical Care Technologies continues to focus on operational execution across its subsidiaries while refining its AI vision capabilities. The Company anticipates providing additional updates on new platform developments in the near term.
About Medical Care Technologies Inc. Medical Care Technologies Inc. (OTC PINK:MDCE) is a diversified technology company focused on the development and commercialization of artificial intelligence-powered applications spanning health, wellness, nutrition, lifestyle, and enterprise imaging analysis solutions. The Company also owns subsidiaries Infinite Auctions and Real Game Used, which provide complementary revenue-generating operations. Visit: https://medicalcaretechnologies.com
About Infinite Auctions Infinite Auctions is a wholly-owned subsidiary of Medical Care Technologies Inc. specializing in premium sports memorabilia auctions through its innovative online platform. Visit: https://infiniteauctions.com
Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and assumptions, and actual results may differ materially due to various risks and uncertainties. The company undertakes no obligation to update these statements except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements.
Contact Information: Medical Care Technologies Inc. 1910 S. Stapley Drive, Suite 221, Mesa, AZ 85204 Phone: +1 (480) 645-0750 Email: info@infiniteauctions.com Websites: https://medicalcaretechnologies.com | https://infiniteauctions.com
SOURCE: Medical Care Technologies Inc.
View the original press release on ACCESS Newswire