Caduceus Software Systems Corp. Confirms World-Wide Licensing Agreement

Caduceus Software Systems Corp. (Caduceus) (OTCBB: CSOC) - (The Company) confirms the terms of the Licensing Agreement between Sygnit and Caduceus.

Due to the numerous inquiries received by our Investor Relations firm, the company believes it is important to summarize, for our shareholders, the terms of our Licensing Agreement with Sygnit Corporation. The Agreement is a world-wide Licensing Agreement that allows Caduceus to have complete control over the future development of Caduceus MMS.

On June 9, 2011, we entered into a Licensing Agreement with Sygnit Corporation, the Agreement is an exclusive Marketing, Sales and Distribution agreement for the software for a period of 5 years. In addition, this contract includes all Intellectual Property (IP) rights for the software. During this period, Sygnit therefore forfeits its rights to use the IP for its business and shall not sell or agree to sell all or any portion of the IP Rights to anyone other than Caduceus Software Systems Corp. Also, all existing trademarks and registrations in the countries where they were filed will be kept in force for a period of 10 years from the date the Agreement was signed. Finally, Caduceus shall pursue the use of Sygnit’s trademark on all the products produced by Sygnit.

CLAUSES OF OWNERSHIP

Caduceus acknowledges that Sygnit is, and at all times shall remain, the sole and exclusive owner of all rights, title and interest, throughout the world, in and to all IP Rights, and any copies of the IP Rights, whether made on or behalf of Licensor or Licensee.

In case Sygnit decides to sell the IP Rights, they shall give Caduceus a first right of purchase for the Rights and the associated technology for as long as this Licensing Agreement is in effect, in the event that:

Sygnit or a majority interest in Sygnit is sold,
Sygnit intends to sell the IP Rights, and the associated technology or,
Sygnit affects any:
- Merger or consolidation of Sygnit with or into another entity,
- Sale of all or substantially all of Sygnit’s assets in one or a series of related transactions,
- Any time Sygnit’s shareholders are permitted to tender or exchange their shares for other securities, cash or property,
- Reclassification of Sygnit’s shares or any compulsory share exchange pursuant to which Sygnit’s shares are effectively converted into or exchanged for other securities, cash or property.
Caduceus or the majority interest in Caduceus is being acquired by a company in which the present shareholders of Caduceus are not a part of.

“This Agreement with a group like Sygnit who’s understanding and abilities of writing medical software is a great step in creating a dynamic line of software products for Caduceus,” offered Derrick Gidden, President of Caduceus Software Systems, “it is a momentum-building move for our Company.”

About Us

Caduceus Software Systems Corp. (www.caduceusco.com) is a software company that specializes in developing an all-in-one solution for private practitioners and doctors. We are in the healthcare information management industry. We are headquartered in the United Kingdom, specifically located in the metropolitan city of Birmingham. Our company was created as we saw an urgent need for better patient care throughout the world. General practitioners are using unsophisticated software which acts as more administrative than acting as a time-saving tool. We are called Caduceus, which is the well-known insignia used by medical professionals.

Further information on the Company can be found at www.sec.gov and the company’s website at www.caduceusco.com.

Safe Harbor Statement

All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: Caduceus Software Systems Inc. products, services, capabilities, performance, opportunities, development and business outlook, guidance on our future financial results and other projections or measures of our future performance; the amount and timing of the benefits expected from strategic initiatives and acquisitions or from deployment of new or updated technologies, products, services or applications; and other potential sources of additional revenue. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Caduceus Software Systems Inc. products and services, ability to deploy Caduceus Software Systems Inc. services and products, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and healthcare and pharmaceutical industries, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.

Caduceus Software Systems (PK) (USOTC:CSOC)
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