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CeCors has announced its acquisition of VetComm Corp., marking its entry into the multibillion-dollar veterans benefits industry. The acquisition includes the issuance of unregistered shares to VetComm's shareholders. CeCors aims to limit shareholder dilution by returning a portion of shares owned by executives to the treasury, which will be canceled and reissued to VetComm's founder, Kate Monroe. VetComm, founded by a U.S. Marine Corps veteran, assists veterans in accessing underutilized benefits, potentially unlocking billions in unclaimed compensation. The acquisition is expected to enhance CeCors' offering and market reach, creating long-term value for shareholders.
CeCors has signed a binding letter of intent (LOI) with VetComm Corp, a company focused on assisting U.S. veterans in claiming unutilized benefits. This partnership aims to integrate CeCors' PsyKey Live app into VetComm's platform, potentially enhancing mental wellness support for veterans. VetComm, founded by U.S. Marine Corps veteran Kate Monroe, has a database of over 250,000 veterans and adds 2,000 daily. The collaboration seeks to address the unclaimed billions owed to veterans while promoting their entitled benefits.
CeCors, Inc. (OTC PINK: CEOS) has appointed Dr. Michael J. McCarthy to its scientific and medical advisory board through its subsidiary, PsyKey Inc. With over 35 years in biopharmaceutical consulting, Dr. McCarthy specializes in high-impact pharmaceuticals and securing biomedical patents. His previous work at Scripps Research involved groundbreaking technologies in therapeutic applications. Dr. McCarthy's expertise is expected to enhance PsyKey's product development efforts, particularly in the area of mycology-based wellness products, which focus on the health benefits of mushrooms.
CeCors, Inc. (OTC PINK: CEOS) has appointed John Gustin as head of global business development through its subsidiary PsyKey Inc. Gustin brings over 30 years of experience in nutritional companies and patented several health formulations. His expertise aims to enhance PsyKey's competitive advantage and expand its market presence. Gustin expressed enthusiasm about PsyKey's potential in the evolving functional wellness industry. PsyKey focuses on mycology-based wellness solutions, emphasizing inclusivity and access to healthcare services for optimal consumer health.
CeCors, Inc. (OTC PINK: CEOS) announced a distribution agreement with Hygeia, LLC to enhance the national distribution of its functional product lines through its subsidiary PsyKey Inc. The partnership aims to provide access to thousands of retail locations nationwide, facilitating rapid distribution and the introduction of new products. Hygeia specializes in lifestyle and wellness products and has established relationships with major retailers and wholesalers. This collaboration is expected to bolster brand visibility and sales growth for CeCors.
CeCors, Inc. (OTC PINK: CEOS) announced significant growth during fiscal 2022, driven by its acquisition of PsyKey. The company launched its first product line, PsyKey Functional Mushroom Infused coffees, which received positive feedback and bulk orders, signaling expected revenue growth starting Q3. CeCors is also finalizing its acquisition of Nutra-Rox LLC, enhancing its portfolio with innovative delivery technologies. Additionally, CeCors aims to remove its 'shell' status, improving market transparency and liquidity for shareholders, emphasizing sustained growth and value creation.
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