CHEYENNE, WY / ACCESSWIRE / August 31, 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. is pleased to announce that it has cancelled a $1,707,561 convertible note.
Caduceus has achieved yet another milestone by finalizing a debt settlement agreement with a debtholder. The agreement calls for the definitive write-off of an outstanding unsecured debt with a principal total amount of $1,707,561. With the backing of our investors, the Company was able to negotiate a settlement to write off this debt.
"We are excited about successfully cancelling this debt in full. This marks the last of the old liabilities incurred by former management. This further strengthens our balance sheet and will create more value for our shareholders as we continue to expand the commercialization of McLovin's", said Alex Chen, Chief Executive Officer of Caduceus Corp.
The Company also wishes to remind shareholders that it will taking part of an upcoming Q&A session. During the live Q&A Discord session, the Company will be further presenting McLovin's operations, developments, and revenue projections.
The Q&A will be taking place on the Company's Discord Channel and hosted by Apollo Assets. We invite investors to attend the Live Questions & Answers event by joining the designated Discord channel. Use this link to join and access the Caduceus / Apollo Assets Discord channel: https://discord.gg/apolloassets
The Q&A will be held on September 8th, 2021, at 6:00 PM Eastern Standard Time.
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/662216/Caduceus-Cancels-1707561-Convertible-Note
