STOCK TITAN

Caduceus’ Target Acquisition McLovin’s Announces Exclusive Distribution Agreement With Phillips Pet Food & Supplies

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
Rhea-AI Summary

Caduceus Software Systems Corp. (OTC Pink: CSOC) is entering the recession-proof pet food industry through the acquisition of McLovin's Pet Food, Inc.. A significant development is the exclusive distribution agreement between McLovin’s and Phillips Pet Food & Supplies, a leader in the industry. This partnership will enhance McLovin’s market presence, allowing its products to reach thousands of stores nationwide. The pet food market is projected to grow from USD 207 billion in 2020 to USD 325 billion by 2028, showcasing a strong growth potential.

Positive
  • Exclusive distribution agreement with Phillips Pet Food & Supplies enhances market access.
  • Partnership expected to place McLovin’s products in thousands of retail locations nationwide.
  • Entry into a rapidly growing market with potential growth from USD 207 billion to USD 325 billion by 2028.
Negative
  • None.

CHEYENNE, WY / ACCESSWIRE / June 1, 2021 / CADUCEUS SOFTWARE SYSTEMS, CORP. (OTC Pink:CSOC) ("Caduceus" or the "Company"), a publicly traded Wyoming-based holding company currently entering the recession proof Pet Food and Pet Care industry with the pending acquisition of McLovin's Pet Food, Inc. is pleased to announce that its target company has entered into an exclusive distribution agreement.

McLovin's Pet Food and Phillips Pet Food & Supplies have entered into an exclusive distribution agreement. As an industry leader Phillips carries many suppliers' brands but an exclusive distribution program such as this one is only reserved for a selective few.

"Phillips' vast retail network is significant and represents half the battle to many pet product producers/suppliers. McLovin's is proud and honored to be supported by Phillips in this way. Through Phillips, our products both food and accessories, will soon be in thousands of stores across the country and in turn to millions of pet owner's homes. The flow of the first batch of products under this agreement has already began." says the David Ji CEO of McLovin's

For the press release issued by Phillips Pet Food & Supplies visit:
https://www.petage.com/phillips-adds-mclovins-premium-freeze-dried-pet-treats-to-its-portfolio/

About Phillips Pet Food & Supplies:

Started in 1938, Phillips is a known, respected pet food supplier and industry leader. Phillips Pet Food & Supplies has 12 distribution centers strategically located across the country. The Company has more than 250 brand partners, over 14,000 retail customers and employs approximately 1,200 teammates. For more information, visit PhillipsPet.com.

About CADUCEUS SOFTWARE SYSTEMS, CORP.

Caduceus Software Systems Corp is a Wyoming-based holding company focusing on the acquisition of commercialized businesses. The Company is currently entering the recession proof Pet Food and Pet Care industry with the pending acquisition of McLovin's Pet Food, Inc. a California company specialized in the manufacturing and distribution of quality pet foods and accessories. The Pet Food and Pet Care market size was USD 207 Billion in 2020 with a stellar growth of 28.11% market. 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 others. The Company is traded on the OTC Markets under the trading symbol "CSOC".

For more information:

OTC Markets: (OTC Pink: CSOC)
Corporate Website: https://caduceuscorp.co
Email: info@caduceuscorp.co
Discord: https://discord.gg/Y7vN6Qxk
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/649964/Caduceus-Target-Acquisition-McLovins-Announces-Exclusive-Distribution-Agreement-With-Phillips-Pet-Food-Supplies

FAQ

What does the exclusive distribution agreement between McLovin's and Phillips entail?

The agreement allows McLovin's products to be distributed through Phillips' extensive retail network, providing access to thousands of stores across the country.

How will the acquisition of McLovin's Pet Food impact Caduceus Software Systems Corp.?

The acquisition positions Caduceus in the pet food industry, which is experiencing significant growth, potentially leading to increased revenues.

What is the projected growth of the pet food and pet care market?

The market is expected to grow from USD 207 billion in 2020 to USD 325 billion by 2028 at a CAGR of 5.6%.

When was the distribution agreement between McLovin's and Phillips announced?

The exclusive distribution agreement was announced alongside Caduceus's acquisition news on June 1, 2021.

What is Caduceus's strategy for entering the pet food industry?

Caduceus is focusing on strategic acquisitions, starting with McLovin's Pet Food, to penetrate the growing pet food market.

CADUCEUS SOFTWARE SYS CRP

OTC:CSOC

CSOC Rankings

CSOC Latest News

CSOC Stock Data

8.56M
0.01%
Packaged Foods
Consumer Defensive
Link
United States of America
Chino