JOHNSTON, RI / ACCESSWIRE / May 10, 2017 /
Caduceus Software Systems Corp. (OTC PINK: CSOC), an innovative
company that develops software and software design, announces to
its shareholder that it has found a potential merging partner. "We
have been working in the background, please look forward to an
announcement with more details of the merger candidate," said
Richard Tang, President of CSOC.
"We are pleased to announce a healthy 90,000,000 (ninety
million) share cancellation that my wife and I have worked hard at
putting together. We hope shareholders can appreciate our efforts
to demonstrate our commitment to value, and what better way than to
reduce the number of Outstanding shares, a commitment that comes
with a cost, as we give up more shares, we reduce the amount of
leverage we have. We are not only reducing these shares now but
want to do more in the near future. We have to work out how many we
would need for potential Merger & Acquisition deals, but we are
committed to shareholder value and will continue to do things like
this as we strive to prove ourselves in this market," said
Tang.
Return and Cancellation of Certificate "A"
Certificate A is a very old certificate owned by the founder of
this public company, back when the symbol was originally BCHO and
then changed to CSOC. This certificate journal history is back to
2007.
In a 2-year search and negotiation, Richard Tang has tracked
down the certificate and the owner of the certificate. This month,
Tang has privately purchased a share certificate from a certificate
holder, along with the holder's debt. Tang has purchased it and
intends to return the shares to the treasury, thereby reducing the
total issued and outstanding by 30 million shares and approximately
$60,000 of promissory note. A stock power and stock cancellation
letter is already signed and stamped and to be delivered to the
transfer agent. It was amicable and agreed by all that this is for
the sole benefit of the company and for the shareholder's equity
structure.
Return and Cancellation of Certificate "B"
Certificate B is a very old certificate that was issued to
Sygnit Corp. for its license agreement of Caduceus MMS. This
certificate journal history is back to 2009. It was then split to 5
parties and this was owned by one of them (call it Sygnit
individual #1 of 5).
Anna Tang has privately purchased this share certificate from
"Sygnit individual #1 of 5." The negotiation is now concrete and
signed. This was a mission of ours since Richard Tang became
President of CSOC and it took 12 months to pursue and execute this.
Anna Tang has purchased this certificate and intends to return the
shares to the treasury, thereby reducing the total issued and
outstanding by 30 Million shares. A stock power and stock
cancellation letter is already signed and stamped and to be
delivered to the transfer agent. It was amicable and agreed by all
that this is for the sole benefit of the company and for the
shareholder's equity structure.
Return and Cancellation of Certificate "C"
Continuing with the story of Certificate "B," we negotiated
terms to purchase Certificate C. Certificate C is a very old
certificate that was issued to Sygnit Corp. for its license
agreement of Caduceus MMS. This certificate journal history is back
to 2009. It was then split to 5 parties and this was owned by one
of them (call it Sygnit individual #2 of 5).
Richard Tang has privately purchased one of the biggest share
certificates from "Sygnit individual #2 of 5." The negotiation is
now concrete and signed. This was a mission of ours since Richard
became President of CSOC and it took 12 months to pursue and
execute this. Anna Tang has purchased this certificate and intends
to return the shares to the treasury, thereby reducing the total
issued and outstanding by 30 million shares. A stock power and
stock cancellation letter is already signed and stamped and to be
delivered to the transfer agent. It was amicable and agreed by all
that this is for the sole benefit of the company and for the
shareholder's equity structure.
"Anna and I are very happy with the amicable outcome. All 3
certificate owners stated above were happy for the company and
happy that we are wanting to bring value and respect them as well
as the Company," said Tang.
"When we took over CSOC, we needed to establish a control block
large enough to prevent these 3 certificates from being deposited
and take control of the company. The looming fear of this is
eliminated. We now have a tighter share structure," said Tang.
"We want to keep pursuing this and have the tightest structure
ever so it is more powerful and impactful. We will continue to do
it so it introduces more opportunities that would not have been
possible before - acquisitions, partnership, share issuances for
partners and companies, and etc.," said Tang.
About the Company
Caduceus Software Systems Corp is an innovation company. It
develops software, software design assets and technical expertise
to its clients. The term, Caduceus, is an ancient symbol of good
business/commerce. CSOC has made corporate partnerships in the
virtualization sector. It has a reseller pro-partner agreement with
Veeam and Vmware.
The company is focused on innovation with search as a primary
project, and has lots of experience in IT in harsh environments. It
has assets and intellectual property that has accumulated for the
past 5 years and will be applied to its projects.
As of November 2016, the company has recently expanded its
business model to include Software as a Service (Cloud business
services) to obtain recurring revenue streams.
It has projects in technology currently and has strategic
alliances with the open source community. As of January 2017, it
has a working relationship with a hardware vendor called Icon Media
Holdings. It has a shared office and lab with Icon.
Forward-Looking Statements
Some information in this document constitutes forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements, such as the closing of the share
exchange agreement. The words "wishes," "aspires," "plan,"
"forecast," "anticipates," "estimate," "project," "intend,"
"expect," "should," "believe," and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance (financial or operating) or
achievements to differ from the future results, performance
(financial or operating) or achievements expressed or implied by
such forward-looking statements. All forward-looking statements
attributable to Caduceus Software Systems Corp., herein are
expressly qualified in their entirety by the above-mentioned
cautionary statement. Caduceus Software Systems Corp., disclaims
any obligation to update forward-looking statements contained in
this estimate, except as may be required by law.'
For information on our latest news and our trending
posts:
Our preferred social media outlet is Twitter:
Twitter.com/CSOCusa or @CSOCusa
www.caduceussoftware.net
info@caduceussoftware.net
This press release is approved by the Company.
SOURCE: Caduceus Software Systems Corp.
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