Caduceus Receives Additional Funding of $500,000 & Records $1.25 Million Revenue for the Quarter.
Caduceus Software Systems Corp (OTC Pink:CSOC) reported USD 1.25 million in sales for the last quarter ending December 31, 2021, showing strong performance from its subsidiary, McLovin's Pet Food. Assets increased to USD 3.84 million from USD 1.99 million. The company also secured USD 500,000 in additional funding to support growth initiatives, including new distribution agreements and an e-commerce strategy. The pet food industry is projected to grow significantly, positioning the company for potential expansion.
- Recorded sales of USD 1.25 million in the last quarter.
- Assets increased from USD 1.99 million to USD 3.84 million.
- Secured additional funding of USD 500,000.
- None.
CHEYENNE, WY / ACCESSWIRE / February 22, 2022 / 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 1.25M for the last quarter. The Company would also like to announce that it has received additional funding of USD 500,000.
During the last quarter ending in on December 31st, 2021, the Company's wholly owned subsidiary McLovin's, has recorded revenues of USD 1.25 million. Assets increased to USD 3.84 million from USD 1.99 million in the previous quarter.
Following the end of the last quarter, the Company has also received additional funding of USD 500,000.
"The McLovin's team continues to push forward with its sales plans. We increased our sales in the last quarter while maintaining the same gross profit margin. We are looking forward to the next phase of our plan to increase our sales through the various distribution agreements we have been working tirelessly to finalize as well as the deployment of our e-Commerce initiative.", said Alex Chen, Chief Executive Officer of Caduceus Software Systems, Corp.
About Caduceus Software Systems, Corp.
Caduceus Software Systems Corp is a Wyoming-based holding company with its 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
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 in 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/689815/Caduceus-Receives-Additional-Funding-of-500000-Records-125-Million-Revenue-for-the-Quarter
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