MDCE / Infinite Auctions SHAREHOLDER UPDATE - Company Milestones, Understanding Funding & Commitment to Shareholder Value

PR Newswire

MESA, Ariz., Feb. 6, 2025

MESA, Ariz. , Feb. 6, 2025 /PRNewswire/ -- Medical Care Technologies Inc. / Infinite Auctions (OTC PINK: MDCE) Our goal in generating funding through the Regulation A offering has always been clear: to increase the company ' s valuation  and enhance shareholder value . We've directed this funding to strengthen marketing, expand our team, boost inventory, and elevate our brand through strategic partnerships with celebrities and professional leagues—all while ensuring the company's long-term financial stability.

However, we recognize that the pace and timing of shares entering the market is a delicate process that requires closer evaluation. Our intention is to grow the brand without compromising shareholder value or contributing to new 52-week lows. While the current stock price does not reflect our recent accomplishments, we're proud to highlight key milestones driven by our Reg A funding:

Key Milestones & Accomplishments:

- Name/Ticker Change Application Initiated:
We've officially started the process. The delay was due to addressing legacy filing issues from previous management, requiring additional due diligence to maximize our success.

- Steven Hunter Joins Infinite Auctions:
Former 1st Round NBA Draft PickSteven Hunter , with his nine years of NBA experience and regular TV appearances, is now part of our team—a significant step forward for our brand and growth strategy.

- New Influencer Partnerships:
We've secured partnerships with top social media influencers , expanding our reach to millions of potential clients and investors , funded through our Regulation A efforts.

- Historic Memorabilia Acquisitions:
We've acquired six-figure, historically significant items from legends like Kobe Bryant and Allen Iverson , which will create major buzz when introduced to the market.

- Reg A Funding Covering Public Expenses:
This allows us greater financial flexibility to focus on inventory growth, high-value consignment acquisitions, and impactful marketing campaigns.

- 2025 Winter Auction Closing Strong:
Our blockbuster auction —featuring iconic Michael Jordan game-worn shoes and other rare sports and entertainment memorabilia—closes this Saturday at 10 PM EST .

Next Steps to Enhance Shareholder Value:

We've already returned over 1.5 billion shares to the treasury to help reduce dilution. However, we believe stronger measures are needed to restore investor confidence. We are considering:

- Retiring additional shares from the authorized count

- Pausing all dilution once company debt, corporate expenses, and salaries are fully accounted for.

We remain committed to creating value for our shareholders through strategic growth, operational excellence, and transparent communication .

Thank you for your continued support. We're excited about the road ahead and confident in the company's trajectory.

Visit www.infiniteauctions.com to view our current auction featuring a lineup of historic, game-worn Michael Jordan shoes—iconic, one-of-a-kind items that represent the pinnacle of sports memorabilia.

About Medical Care Technologies Inc. / Infinite Auctions

Medical Care Technologies Inc. / Infinite Auctions is an online auction platform that specializes in high-end sports memorabilia, collectibles, and investment-grade assets. The company's mission is to assist sellers and offer bidders unique, valuable items through both public auctions and private sales.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated.

Contact Information:
https://www.infiniteauctions.com
https://x.com/sportsauction1https://instagram/infiniteauctions
info@infiniteauctions.com

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SOURCE Medical Care Technologies Inc. / Infinite Auctions LLC (OTC PINK: MDCE)