Caduceus Receives Additional Funding of 2.5 Million & Records Over 500% Quarterly Revenue Increase

Rhea-AI Summary

Caduceus Software Systems Corp. (OTC Pink: CSOC) reported significant growth, achieving USD 1.17 million in sales for the last quarter, marking a 500% increase from the previous quarter, attributed to new distribution agreements. Additionally, the company secured USD 2.5 million in funding post-quarter. CEO Alex Chen expressed optimism about the ongoing business development and revenue growth. Caduceus operates in the USD 207 billion pet food market, projected to reach USD 325 billion by 2028.

Positive

• Achieved USD 1.17 million in sales for last quarter, up 500% from previous quarter.
• Secured additional funding of USD 2.5 million.
• Strong market potential with expected growth in the pet food industry.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / November 23, 2021 / CADUCEUS SOFTWARE SYSTEMS, CORP. (OTC Pink:CSOC) ("Caduceus" or the "Company"), a consumer goods focused holding company and owner of McLovin's Pet Food, Inc., announces that its wholly-owned subsidiary has recorded sales of USD 1.17M for the last quarter. The Company would also like to announce that it has received additional funding of USD 2.5 Million.

During the last quarter ending on September 30^th, 2021, the Company's wholly-owned subsidiary McLovin's, has recorded revenues of 1.17 million representing a growth of over 500% over the previous quarter. The sales increase is in large part due to the Company's recently announced new distribution agreements.

Following the end of the last quarter, the Company has also received additional funding of USD 2.5 Million

"We have the continued support of our investors and backers who see the drive of our team and believe in our ability to execute on our plans to create shareholder value. Our revenues as of last quarter went up more than 500% from previous quarters. Our recent distribution agreements and business development are already showing results and we are very optimistic about our sales growth.", said Alex Chen, Chief Executive Officer of Caduceus Software Systems, Inc.

About Caduceus Software Systems, Corp.

Caduceus Software Systems Corp is a Wyoming-based holding company with is wholly-owned subsidiary McLovin's, a Pet Food and Pet Care company. The Pet Food and Pet Care market size was USD 207 Billion in 2020 with a stellar growth of 28.11%. The industry is expected to grow to USD 325 Billion in 2028 at a CAGR of 5.6%. The Pet Food and Pet Care products include food, hygiene, toys, and other accessories. The Company is traded on the OTC Markets under the trading symbol" CSOC".

For more information:

OTC Markets: (OTC Pink: CSOC)
Website: https://caduceuscorp.co
Email: info@caduceuscorp.co
Discord: https://discord.gg/apolloassets
Twitter: https://twitter.com/caduceuscorp

About McLovin's Pet Food, Inc

McLovin's, Inc. is a California company specialized on the manufacturing and distribution of quality pet foods. We believe in real food. What you'll find in McLovin's is similar to what you'll find in your own grocery cart. In the case of our premium treats, it starts (and ends) with real beef, chicken and salmon. Our products are developed using responsible sourcing and quality is a key part of every single part of our manufacturing process.

Corporate Website: https://mclovinspetfood.com/

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/674189/Caduceus-Receives-Additional-Funding-of-25-Million-Records-Over-500-Quarterly-Revenue-Increase

FAQ

What were Caduceus Software Systems' latest sales figures for CSOC?

Caduceus Software Systems reported sales of USD 1.17 million for the last quarter, representing a 500% increase.

How much funding did Caduceus Software Systems secure recently?

Caduceus Software Systems secured additional funding of USD 2.5 million.

What growth did Caduceus Software Systems experience in the last quarter?

Caduceus Software Systems experienced a 500% growth in sales compared to the previous quarter.

What is the projected market size for the pet food industry?

The pet food industry is projected to grow from USD 207 billion in 2020 to USD 325 billion by 2028.