Business
Caduceus Corp Announces Additional Settlement of Debt and Write-Off of $2,470,954 in Liabilities
Caduceus Corp Announces Additional Settlement of Debt and Write-Off of $2,470,954 in Liabilities.
About this update from Caduceus Software Systems Corp.
[{"type":"text","content":"CHEYENNE, WY / ACCESSWIRE / June 9 , 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 it has reached another milestone in its restructuring and debt settlement efforts.Caduceus has reached an agreement to settle additional debt with former management and related parties. The settlement calls for the definitive write-off of outstanding and unsecured debts with a principal total of $2,470,954.The Company wishes to thank its investors and backers for the support in achieving this milestone and for sharing in the management's vision and direction. The pending acquisition of McLovin's continues to move forward. The share structure and market capitalization of the Company is of paramount importance to our backers especially in regards to our efforts to further capitalize the Company towards its goal of undertaking larger distribution agreements and increasing the operational capacity of McLovin's.'We are excited about the state of the Company's balance sheet as a result of this last settlement. We believe this is going to further strengthen the value to the shareholders and eliminate any potential dilution that could have arisen from this old debt.' said Alex Chen, Chief Executive Officer of Caduceus Corp.About Caduceus Software Systems, Corp.Caduceus Software Systems Corp is a 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. 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 other accessories. 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.coEmail: [email protected]: https://twitter.com/caduceuscorpDiscord: https://discord.gg/apolloassetsAbout McLovin's Pet Food,...