Caduceus Software Systems Corp. Announces it is in M&A & Strategic Partnership Talks with Philippines-based Ascendant Technol...
20 Mars 2012 - 9:15PM
Business Wire
Caduceus Software Systems Corp. (OTCBB: CSOC) - (The Company) is
pleased to announce that the Company is engaging in strategic
partnership negotiations with Ascendant Technologies Inc., a
software and distribution company, (a private Medical MMS firm)
whereby, Ascendant Technologies Inc., and Caduceus Software Systems
are discovering company synergies in order to expand and grow both
company’s products throughout the UK and the Philippines.
Following Caduceus Software Systems’ ongoing due diligence and
assessment of Ascendant Technologies Inc., it is anticipated that a
formal distribution agreement can be executed by both parties
within a reasonable time frame.
Once an agreement is reached, this will allow Caduceus Software
Systems to further expand its sales potential throughout the South
East Asia region. “Caduceus Software Systems is excited to have
this opportunity to embark on its plan of Company growth in the
Philippine health care industry,” said, Derrick Gidden President
and Chief Executive Officer.
About Ascendant
Ascendant Technologies Inc., is an IT and mobile software
developer and solutions provider based in the Metro Manila,
Philippines. Incorporated in early 2002, its main focus of business
is as a software development company and systems integrator for the
Healthcare IT industry.
To this end, Ascendant has developed and maintained the
Philippine’s first Cloud-based Electronic Medical Record system
geared for the ambulatory care and multi-specialty clinic
market.
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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