Digital Distro, Inc. (OTC: UVSS) and Medical Care Tech, Inc./Infinite Auctions, LLC (OTC: MDCE) Announce MOU for Future Launch of Sports Memorabilia NFT Platform
Digital Distro, Inc. (OTC: UVSS) has signed a Memorandum of Understanding with Infinite Auctions, LLC to launch a cutting-edge platform for High-End Sports Memorabilia NFTs. Following months of development, the MOU enables further work on art design, film production, and transaction routing. Both companies plan to unveil their project at the Web 3 Expo in Las Vegas from October 10-13, 2022. Infinite Auctions, which focuses on high-value collectibles, is also set to be acquired by Medical Care Technologies, Inc. (OTC: MDCE). A Joint Venture Agreement for revenue distribution is underway.
- Completion of MOU with Infinite Auctions for NFT platform development.
- Potential for innovative digital media experiences in sports memorabilia.
- Joint development efforts leading to a new revenue stream.
- Acquisition of Infinite Auctions by another company could divert focus.
- Uncertain future performance due to reliance on forward-looking statements.
Platform to combine High Value Sports Memorabilia with highly Immersive Digital Media Experiences within a Secure Digital Community of Collectors
Costa Mesa, CA, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Digital Distro, Inc./Universal Systems, Inc. (OTC: UVSS) is proud to announce that it has completed a Memorandum of Understanding with Infinite Auctions, LLC to launch next generation High End Sports Memorabilia NFTs. The MOU comes after several months of requirements definition, conceptual design, and back-end prototype development to prove the viability of the platform. Both parties have decided to move forward with the project and the signing of the MOU allows for the continuation of art design, film production, and development of the front-end interface, tokenization, and transaction routing.
Marshall Perkins, CEO of Infinite Auctions, Inc., states, “Our goal is to provide sports memorabilia collectors with dynamic, immersive, one-of-a-kind digital media experiences through NFT's. The advanced utilities within Digital Distro's technology offering provide us the flexibility to implement some complex strategies we have not seen in other platforms, and to tie those digital experiences with real world experiences to bring the overall sports memorabilia experience to a whole new level.” Andrew Lane, CEO of Digital Distro, Inc. states “We’re very excited to be working with Infinite Auctions and Marshall Perkins. Mr. Perkins’ knowledge and experience in the sports memorabilia industry has been instrumental in the design and implementation of digital media experiences within an NFT. We firmly believe that we are jointly creating a sports memorabilia platform that highlights the worth of these on-of-a-kind sports items and provides a one-of-a-kind experience for the collectors of these items.
The companies will jointly host a dinner, exhibit booth, and present at the Web 3 Expo in Las Vegas, Nevada, from October 10-13, 2022, where they will be sharing their vision with some of the leading visionaries, speakers, personalities, and investors in the Web 3 space. Both companies intend to provide separate announcements with additional details about the project as it progresses.
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. Memorabilia auctions and high value collectible sales will remain the company’s core business. Infinite Auctions has previously announced that it will be acquired by Medical Care Technologies, Inc. (OTC: MDCE). That acquisition is on track to close later this week.
Given that the joint development efforts have progressed rapidly, both entities have moved forward with drafting a Joint Venture and Operating Agreement for revenue distribution and ownership of developed assets. The MOU will serve as the basis for a final agreement to be hammered out over the next few weeks.
About Digital Distro, Inc.
Digital Distro Solutions/Universal Systems, Inc. (OTC: UVSS) is a subsidiary of Critical Solutions, Inc. and is a multi-media (film and music) production, distribution, web3 consulting provider. Our processes and partnerships revolutionize industries such as entertainment, event management, healthcare, and sports memorabilia. Digital Distro, Inc. is the proud owner of www.TheDailyCrypto.io providing news and education for the Entertainment, Blockchain, and Sports industries.
The company has updated its Twitter address to https://twitter.com/Digi_Distro.
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.
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.
Contact Information:
Universal Systems, Inc.
1-800-395- 6811
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.
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