MDCE to Cancel 680 Million CEO Shares and Slash 980 Million Authorized Shares as Stock Trades Near 52-Week Low; Q2 Rebound Underway

About this update from Medical Care Technologies Inc.

[{"type":"text","content":"Massive 1.66 Billion Share Reduction Signals Long-Term Commitment to Shareholder Value as Company Prepares to Report Q2 Rebound Performance","length":139,"tagName":"p"},{"type":"text","content":"MESA, ARIZONA / ACCESS Newswire / July 2, 2025 / Medical Care Technologies Inc. (OTC Pink:MDCE ) today announced an aggressive two-part share structure reduction plan aimed at restoring shareholder confidence and positioning the company for long-term growth. The announcement comes as MDCE trades near its 52-week low, while management confirms that Q2 closed with a stronger-than-expected rebound , to be detailed in the upcoming quarterly report.","length":448,"tagName":"p"},{"type":"text","content":"As part of the restructuring, the Company will:","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cancel 680,000,000 common shares held by its Chief Executive Officer, and","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduce its authorized share count by 980,000,000 shares - cutting the limit from 7.98 billion to 7.0 billion.","length":109,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":182},{"type":"text","content":"Both actions will be processed through MDCE's transfer agent and are expected to be completed within 7 to 10 business days .","length":128,"tagName":"p"},{"type":"horizontalRule"},{"type":"text","content":"Share Structure Snapshot (Before & After):","length":46,"tagName":"p"},{"type":"table","headerItems":[{"style":"padding:.75pt;width:41.96%;","val":[{"type":"text","content":"Category","length":8,"tagName":"p"}]},{"style":"padding:.75pt;width:20.44%;","val":[{"type":"text","content":"Before","length":6,"tagName":"p"}]},{"style":"padding:.75pt;width:35.98%;","val":[{"type":"text","content":"After (Projected)","length":17,"tagName":"p"}]}],"items":[{"val":[{"style":"padding:.75pt;width:41.96%;","val":[{"type":"text","content":"Authorized Shares (A/S)","length":23,"tagName":"p"}]},{"style":"padding:.75pt;width:20.44%;","val":[{"type":"text","content":"7,979,999,990","length":13,"tagName":"p"}]},{"style":"padding:.75pt;width:35.98%;","val":[{"type":"text","content":"7,000,000,000","length":13,"tagName":"p"}]}]},{"val":[{"style":"padding:.75pt;width:41.96%;","val":[{"type":"text","content":"Outstanding Shares (O/S)","length":24,"tagName":"p"}]},{"style":"padd...

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