Caduceus Software Systems Corp. Engages PCAOB Auditor to Support OTCQB Uplisting and SEC Reporting
Rhea-AI Summary
Caduceus Software Systems (OTC:CSOC), parent company of McLovin's Pet, has engaged Integritat CPA, a PCAOB-registered auditor, to conduct a two-year financial audit. This marks a crucial step in the company's strategic plan to uplist from OTCID to OTCQB Venture Market, with ultimate aspirations for the Nasdaq Capital Market.
The company's transformation roadmap includes preparing a Form 10 filing to become fully SEC-reporting, planning an S-1 Registration Statement, implementing a corporate name and ticker change, and pursuing uplisting goals. Meanwhile, McLovin's Pet continues to show strong operational performance with expanding retail presence and year-over-year revenue growth.
Positive
- Engagement of PCAOB-registered auditor demonstrates commitment to financial transparency
- McLovin's Pet brand showing strong sales velocity and retail expansion
- Strategic roadmap in place for uplisting from OTCID to OTCQB and eventually Nasdaq
- Expanding retail presence into thousands of stores nationwide
Negative
- Current trading on OTCID indicates lower tier market status
- Future capital raising through S-1 Registration may lead to potential dilution
- Multiple regulatory approvals still needed for uplisting process
News Market Reaction 1 Alert
On the day this news was published, CSOC declined 8.11%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Audit Engagement with Integritat CPA Marks Key Step in Strategic Roadmap Toward Nasdaq Capital Market
This engagement represents a critical milestone in CSOC's multi-phase strategy to strengthen financial transparency, upgrade its public company profile, and prepare for uplisting from the OTCID to the OTCQB Venture Market, with a longer-term focus on the Nasdaq Capital Market.
"Engaging a PCAOB auditor is a major step forward in our roadmap," said David Ji, CEO of CSOC. "It underscores our commitment to meeting the highest standards of financial reporting and corporate governance while continuing to expand McLovin's presence as a national pet food brand. These actions are designed to give investors confidence in our progress and vision."
Strategic Roadmap in Motion
The Company's public company transformation plan includes:
- Engagement of Integritat CPA, a PCAOB-registered firm, to conduct two years of financial audits
- Preparation of a Form 10 filing to become fully SEC-reporting under the Securities Exchange Act of 1934
- Planned filing of a S-1 Registration Statement to support future capital market initiatives
- Implementation of a corporate name and ticker symbol change (pending regulatory approval)l
- Uplisting trajectory from OTCID → OTCQB, with a long-term Nasdaq Capital Market target
Operational Momentum Continues
While advancing its audit and public company initiatives, CSOC continues to deliver strong operating results through its subsidiary, McLovin's Pet. The brand is experiencing growing sales velocity, retail expansion into thousands of stores nationwide, and strong year-over-year revenue growth.
"Our retail traction shows that the business fundamentals are moving in lockstep with our capital markets strategy," Ji added. "We are focused on creating long-term value for shareholders by scaling a trusted pet nutrition brand under a transparent and institution-ready public company platform."
About McLovin's Pet
McLovin's Pet is a
Currently available in thousands of retail locations nationwide, McLovin's Pet is one of the fastest-growing brands in the
About Caduceus Software Systems Corp
Caduceus Software Systems Corp. (OTC: CSOC) is a
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements reflect the current views, expectations, and beliefs of Caduceus Software Systems Corp. ("the Company") and its management team regarding future events and the Company's future performance.
Statements that include words such as "anticipates," "believes," "plans," "expects," "intends," "may," "will," "should," "could," "continue," or similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and are subject to significant risks and uncertainties, many of which are beyond the Company's control.
Actual results, performance, or achievements may differ materially from those expressed or implied in these forward-looking statements due to various factors. These may include, but are not limited to: inability to complete or secure anticipated sales or partnerships, lack of sustained revenue growth, client attrition, supply chain disruptions, and changes in market or regulatory environments. The Company undertakes no obligation to revise or update any forward-looking statements except as required by law.
Contact:
- OTC Markets: (OTCID: CSOC)
- Phone: +1 (909) 366-2028
- Website: https://mclovinscorp.co
- Email: info@mclovinscorp.co
- X: https://x.com/mclovinscorp
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SOURCE Caduceus Software Systems Corp. (CSOC)