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MESA, Ariz. - Medical Care Technologies Inc. (OTC PINK:MDCE), a micro-cap company with a market capitalization of $1.75 million and trailing twelve-month revenue of $0.4 million, has taken a significant step in the sports and entertainment memorabilia industry by acquiring Real Game Used (RGU), a company pioneering the use of artificial intelligence for authentication of memorabilia items. This strategic move aims to enhance trust and transparency in the high-value collectibles market.
RGU has already authenticated memorabilia worth over $20 million, associated with high-profile figures like Michael Jordan and Lionel Messi. The acquisition by MDCE, which also owns Infinite Auctions, creates a unique market dynamic where the company now benefits from the business of its former competitors. According to InvestingPro data, MDCE maintains a healthy financial position with a current ratio of 11.76, indicating strong short-term liquidity.
CEO Marshall Perkins expressed optimism about the acquisition, stating that the use of AI in this field positions MDCE as an innovator and leader. He emphasized that this approach is not just following trends but actively shaping them, with the potential to unlock long-term value for the company. The stock has shown significant momentum with a 33.33% return over the past week, though InvestingPro analysis indicates the stock is currently in overbought territory. Subscribers can access 12 additional ProTips and detailed financial metrics to better evaluate this investment opportunity.
The company's announcement also included a cautionary note regarding forward-looking statements, reminding investors that actual results could differ due to various factors, including market conditions and competitive pressures. This caution is particularly relevant given MDCE's historical price volatility, as highlighted by InvestingPro analysis.
This acquisition is expected to bolster MDCE's market share in the collectibles industry, which has seen a surge in interest and value in recent years. The integration of RGU's AI technology into MDCE's existing operations is anticipated to provide a competitive edge in the authentication of valuable memorabilia items.
The information reported is based on a press release statement from Medical Care Technologies Inc.
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