Infinite Auctions (OTC Pink: MDCE) Announces November 6, 2022 Launch Date for its First in Class "Ship When Sold" Escrow Consignment Store for High Value Sports Collectibles
Medical Care Technologies, Inc. (OTC PINK:MDCE) announces the launch of its innovative "Ship When Sold" escrow consignment store on November 6, 2022. This high-end sports memorabilia online store will include both in-stock and escrow items, enhancing revenue streams alongside existing auction sales. Infinite Auctions, acquired by MDCE on October 5, 2022, aims to leverage this new platform to provide collectors with pricing control and the opportunity to hold items until sold. The company continues to focus on consolidating the memorabilia market for future growth.
- Launch of the 'Ship When Sold' escrow consignment store on November 6, 2022, providing a new revenue source.
- Innovative offering in the sports memorabilia market, enhancing customer engagement and pricing control.
- Acquisition of Infinite Auctions strengthens MDCE's position and business model in collectibles.
- None.
MESA, AZ / ACCESSWIRE / October 31, 2022 / Medical Care Technologies, Inc. (OTC PINK:MDCE) / Infinite Auctions announced today that their new "Ship When Sold" escrow consignment store will launch on November 6, 2022. The high-end sports memorabilia online store will feature both in stock items as well as escrow items. Infinite Auctions is one of the top private brokers of game used sports memorabilia in the world as they continue to break several world records with millions of dollars in sales each year. The online escrow store should add another viable source of revenue in addition to their auction and private brokering sales.
Mr. Marshall Perkins, CEO of Infinite Auctions and MDCE, stated, "The "Ship When Sold" Consignment store will give collectors a chance to enjoy having their prized collectibles around until the moment they are sold. This will also give sellers and collectors more control over pricing as they name their own sale price. Infinite Auctions is the first in the sports memorabilia auction industry to offer an online escrow store."
The escrow items featured in the store will be consigned items that remain in the consignor's possession until the items are sold. Once Infinite Auctions collects payment, then the consigned item will be shipped to Infinite Auctions for final inspection before both payment and the purchased item are disbursed to the buyer and seller.
Infinite Auctions LLC was previously acquired by MDCE on October 5, 2022, in a transaction resulting in a reverse takeover (RTO) of MDCE. Memorabilia auctions and high value collectible sales will remain the company's core business, and MDCE's business model and future filings will be updated to reflect the new direction of the company.
About Medical Care Technologies, Inc.
Medical Care Technologies, Inc. seeks to capitalize on the fast-growing memorabilia and collectibles market by consolidating companies in the collectibles space and acquiring high value collectible assets. The company is negotiating multiple joint ventures and developing new platforms to create additional revenue streams from our memorabilia asset portfolio.
About Infinite Auctions LLC.
Infinite Auctions provides an online platform for memorabilia collectors and professional athletes to consign and sell high valued collectibles in a secure online auction format. Infinite Auctions specializes in the auctioning of game-worn sports memorabilia, including jerseys, helmets, bats, and other items worn or used by athletes in professional sporting events. The company also auctions high-end sports cards, trading cards, fine autographs, Americana, and other valuable antiquities. Infinite Auctions also offers a private sale brokering program that connects sellers and buyers outside of auction for quicker sales.
Contact Information:
https://twitter.com/SportsAuction1
https://www.infiniteauctions.com
https://www.instagram.com/infiniteauctions/
https://www.medcaretechinc.com
Shareholder/Investor inquiries for Medical Care Technologies, Inc.:
Medical Care Technologies, Inc. / Infinite Auctions LLC
1-480-645-0750
contact@medcaretechinc.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE: Medical Care Technologies, Inc.
View source version on accesswire.com:
https://www.accesswire.com/722998/Infinite-Auctions-OTC-Pink-MDCE-Announces-November-6-2022-Launch-Date-for-its-First-in-Class-Ship-When-Sold-Escrow-Consignment-Store-for-High-Value-Sports-Collectibles
FAQ
What is the launch date for MDCE's new escrow consignment store?
What is the purpose of the 'Ship When Sold' store by MDCE?
Who acquired Infinite Auctions?
How will the new store impact MDCE's revenue?
What market is MDCE targeting with its new business model?
