MDCE / Infinite Auctions (OTC PINK: MDCE) Initiates Plan to Incrementally Reduce the Outstanding Share Count by Slashing 200 Million Shares in phase one and explains the Benefits of funding plan. | PR Newswire [Video]

, /PRNewswire/ — Medical Care Technologies Inc. (OTC PINK: MDCE) / Infinite Auctions today announced the initiation of its strategic plan to incrementally reduce the outstanding share count, beginning with a reduction of 200 million shares in Phase One.

This reduction marks the first of multiple planned initiatives by CEO Marshall Perkins to return shares of MDCE back to treasury.

“Listening to the concerns of our investors is a top priority,” said CEO Marshall Perkins. “This reduction in shares and the careful management of our future Reg A offering are part of our long-term strategy to drive shareholder value and strengthen our company from top to bottom. We will always adhere to all laws, limits and regulations while keeping our shareholders informed on major developments during the process.”

CEO Marshall has also made a significant commitment to shareholders by voluntarily reducing his proposed salary from $250,000 to $85,000. This adjustment will allocate more resources toward inventory flips, an area that …