Caduceus Corp in Negotiations to Acquire Consumer Goods Company

Rhea-AI Summary

Caduceus Corp (CSOC) announced a significant step towards acquiring a consumer goods company in California, meeting its strategic acquisition profile. The targeted company boasts revenues over $5M and projected revenues exceeding $15M for 2021. Key aspects include potential for expansion and eligibility for a NASDAQ/NYSE up-listing. The acquisition aligns with Caduceus' focus on recession-proof industries. Leadership expressed confidence in delivering shareholder value through this deal, with details to follow as negotiations progress.

Positive

• Target company has revenues exceeding $5M.
• Projected revenues of over $15M for 2021.
• Potential for NASDAQ/NYSE up-listing.
• Focus on recession-proof industries.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / April 6, 2021 / CADUCEUS CORP, INC. (OTC PINK:CSOC) ("Caduceus" or the "Company"), a publicly traded holding company focused on strategic consumer goods acquisitions, is pleased to announce that the Company has selected a final candidate from among the various candidates that were being considered. The target company satisfies our profile for acquisition.

Our acquisitions target profile are companies with:

• Revenues and Assets exceeding a total of 5M$;
• Projected revenues of over 15M$ for 2021;
• Expansion and scalability are key;
• Potential and eligibility for up listing to NADSAQ/NYSE;
• Recession & Market proof industries.

Caduceus has been in discussions with the candidate for some time. However, given the existing confidentially agreements in place, the acquisition target candidate cannot be named as of yet. Nonetheless, based on the current status of our negotiations and due diligence, we are confident an LOI will be produced very shortly. The target company is located in the state of California and has products currently being sold in the US and Canadian Markets with further orders to fulfilled at a future date through large retail chain stores.

The Company is confident that this transaction will bring significant value to its shareholders and is eager to share more information with existing and new shareholders. "We are very excited about this acquisition and believe shareholders will feel the same once acquisition is finalized and announced, " said Alex Chen, Chief Executive Officer & Director of CADUCEUS CORP, Inc.

About CADUCEUS CORP, Inc.

CADUCEUS CORP, Inc. is a Wyoming-based holding company focusing on the acquisition & merger of commercialized businesses. We are dedicated to supplying quality, healthy and innovative products and solutions. The Company is traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol "CSOC".

For more information:

OTC Markets: (OTC Pink:CSOC)
Corporate Website: https://caduceuscorp.co/
Email: info@caduceuscorp.co
Twitter: https://twitter.com/caduceuscorp

Forward-Looking Statements:

Safe Harbour 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 could 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: Caduceus Software Systems Corp

View source version on accesswire.com:
https://www.accesswire.com/639074/Caduceus-Corp-in-Negotiations-to-Acquire-Consumer-Goods-Company

FAQ

What acquisition is Caduceus Corp (CSOC) pursuing?

Caduceus Corp is pursuing an acquisition of a consumer goods company based in California, which meets its strategic profile.

What are the financial metrics of the target company for Caduceus Corp (CSOC)?

The target company has revenues exceeding $5M and projected revenues over $15M for 2021.

How will the acquisition impact Caduceus Corp's stock (CSOC)?

Caduceus Corp believes the acquisition will deliver significant value to shareholders, enhancing the company's growth potential.

When will more information about the acquisition be released for Caduceus Corp (CSOC)?

More information will be shared once negotiations progress further and a Letter of Intent (LOI) is produced.

What industries does Caduceus Corp (CSOC) focus on for acquisitions?

Caduceus Corp focuses on recession-proof industries that show strong potential for expansion and scalability.