Medical Care Technologies Inc Stock Price, News & Analysis

Medical Care Technologies Inc. (OTC PINK: MDCE) has announced plans to file a FINRA application for a corporate name and ticker symbol change. The company aims to align its identity with its business strategy and enhance service to investors, customers, and stakeholders.

The new name and ticker symbol details will be revealed in the upcoming weeks after application submission and review. CEO Marshall Perkins describes this as a significant milestone in the company's evolution, emphasizing the importance of aligning their brand identity with their vision for growth.

The company will maintain transparency throughout the transition process and will communicate updates broadly to all stakeholders.

Medical Care Technologies/Infinite Auctions (OTC Pink: MDCE) announces the upcoming auction of Michael Jordan's game-worn Air Jordan IX baseball cleats from his time with the Scottsdale Scorpions. These cleats are the first-ever photo-matched pair from Jordan's baseball career and are expected to fetch six-figure bids. The cleats were authenticated by Real Game Used (RGU) using AI-assisted photo-matching technology. Only about half a dozen pairs of Air Jordan IX cleats from Jordan's baseball career are known to exist, making this authenticated pair particularly valuable for both game-worn memorabilia collectors and sneaker enthusiasts.

Medical Care Technologies/Infinite Auctions (MDCE) reported significant growth in Q3 2024, with total assets reaching $1,358,467, a 251% increase from Q3 2023's $386,920. Revenue surged by 2,158% to $249,011 in Q3 2024 from Q2 2024's $11,035. The company achieved a notable turnaround in net operating income, posting $99,697 in Q3 2024 compared to losses in previous quarters ($19,682 in Q3 2023 and $24,775 in Q2 2024). CEO Marshall Perkins III attributed the performance to disciplined growth and operational excellence.

Medical Care Technologies Inc. (OTC PINK: MDCE) / Infinite Auctions has announced a strategic plan to reduce its outstanding share count, starting with a 200 million share reduction in Phase One. CEO Marshall Perkins aims to return shares to treasury through multiple initiatives. As part of this shareholder-friendly approach, Perkins has voluntarily reduced his proposed salary from $250,000 to $85,000, allocating more resources to inventory flips.

The company plans to raise capital through a Reg A offering to fund key business initiatives, including auction advances, inventory, marketing campaigns, and participation in national collector conventions. The proceeds will also be used to hire qualified staff and eliminate all interest-bearing debt. MDCE expects these moves to enhance its bottom line and drive sustainable growth while maintaining open communication with investors.

Medical Care Technologies Inc. / Infinite Auctions (OTC: MDCE) has announced a strategic partnership with Gotta Have Rock and Roll, a leading auction house specializing in music and entertainment memorabilia. This zero-cost partnership aims to expand Infinite Auctions' presence in the $492.6 billion collectibles market.

Key benefits of the partnership include:

• Increased sales leads through combined industry reach
• Enhanced financial flexibility for high-value memorabilia deals
• Expanded industry reach and customer diversity

The collaboration is expected to boost revenues, facilitate larger transactions, and engage new customer segments. Profitable joint deals have already been completed, with more in development. This partnership marks a significant step in Infinite Auctions' strategy for growth and diversification in the memorabilia industry.

MDCE / Infinite Auctions reports a successful 2024 Summer Premier Auction, achieving over $250,000 in sales. This performance demonstrates strong demand for high-quality photo-matched game-used memorabilia. CEO Marshall Perkins III expressed satisfaction with the results, attributing the success to the team's hard work and client trust.

The company is now preparing for its next auction in October 2024, with early consignments already secured. Notably, media ads for the recent auction reached 19 million viewers, significantly increasing registered users. This surge in engagement is expected to potentially boost future auction results and consignments, potentially leading to increased company revenue.

Medical Care Technologies (OTC PINK:MDCE) and Infinite Auctions have announced the upcoming sale of two high-profile multimillion-dollar memorabilia collections. These collections include historic NBA basketball game-used memorabilia, music memorabilia, and historic Americana, with individual items valued between $1,500 and $3 million. Infinite Auctions, experts in auction and private sale consignments, will handle the sale over the coming months. High-value items will be sold directly to high-end collectors and alternative asset funds. CEO Marshall Perkins highlighted the unique opportunity for collectors. Updates and previews will be shared via social media, and more major announcements from Medical Care Technologies are expected soon.