McLovin's Sales Revenue with Trader
Joe's Projected to Exceed 5.5 Million in 2023
Chino, CA -- August 30. 2023 -- InvestorsHub NewsWire --
CADUCEUS SOFTWARE SYSTEMS, CORP. (OTC
Pink: CSOC), (Caduceus or the "Company"), the parent
corporation of McLovin's Pet ("McLovin's"), a foremost player in
the premium pet food and supply sector, reports an unparalleled
upswing in revenue through its collaboration with key client,
Trader Joe's. The updated orders will increase McLovin's sales
across 564 Trader Joe's outlets in the United States, putting the
company on track for exceptional financial performance in 2023.
Industry Overview
The global pet care industry, valued at a noteworthy $235.32
billion last year, is forecasted to grow to $368.88 billion by 2030
at a CAGR of 5.92%. In the U.S. alone, sales are expected to reach
$143.6 billion this year, with the pet food and treats segment
contributing $62.7 billion. Within this expanding market, McLovin's
occupies a vantage point for accelerated growth.
Key Achievements in 2023
As of this year, McLovin's has successfully negotiated
profitable distribution agreements with several retail chains.
However, the alliance with Trader Joe's stands as a hallmark
accomplishment. Earlier in the year, sales with Trader Joe's
exceeded $3.1 million. The additional seasonal orders for the
upcoming Holiday will propel this figure beyond the $5.5 million
threshold by year-end. Trader Joe's currently operates over 564
retail stores, offering McLovin's significant expansion
opportunities in the near future.
Executive Commentary
David Ji, CEO of Caduceus, remarked, "The relationship we've
cultivated with Trader Joe's has been extraordinarily beneficial.
It has not only augmented McLovin's market reach but also enabled
us to deliver top-tier pet products to an increasingly broad
customer base. Attaining the projected $5.5 million revenue
milestone is a clear indication of our dedicated team and the
customer loyalty we have engendered."
Future Outlook
With strategic growth plans, McLovin's is geared to broaden its
product line and explore new market segments. The updated orders
with Trader Joe's act as a pivotal driver for a transformative year
ahead for the company.
About Caduceus Software Systems Corp.
Caduceus Software Systems Corp is a Wyoming-based holding
company with its wholly owned subsidiary McLovin's, a Pet Food and
Pet Care company. The global pet food market was projected to grow
from USD 115.50 billion in 2022 to USD 163.70 billion by 2029,
exhibiting a CAGR of 5.11%. The global pet care market size was
valued at $235.32 billion in 2022 & is projected to grow from
$246.66 billion in 2023 to $368.88 billion by 2030. The Pet Food
and Pet Care products include food, treats, toys and supplies. The
Company is traded on the OTC Markets under the trading symbol
"CSOC".
For more information:
OTC Markets: (OTC Pink:
CSOC)
Website: https://mclovinscorp.co/
Email: ir@caduceuscorp.co
Twitter: https://twitter.com/caduceuscorp
About McLovin's Pet
McLovin's Pet is a California company specialized in the
manufacturing and distribution of quality pet foods. At
McLovin's, our natural freeze-dried raw treats are made using only
the freshest ingredients, responsibly sourced from farmers,
ranchers, and fishermen we know and trust in the U.S. and
Canada. McLovin's never adds hormones, antibiotics, or
anything artificial. Our science-based approach to premium,
biologically appropriate raw nutrition supports your pet's overall
health and well-being.
Website: https://mclovinspet.com/
Forward-Looking Statements:
Safe Harbour Statement - In addition to historical information,
this press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties and that actual results may
differ materially from those contemplated by such forward-looking
statements. Factors that could cause these differences include, but
are not limited to, failure to complete anticipated sales under
negotiations, lack of revenue growth, client discontinuances,
failure to realize improvements in performance, efficiency and
profitability, and adverse developments with respect to litigation
or increased litigation costs, the operation or performance of the
Company's business units or the market price of its common stock.
Additional factors that could cause actual results to differ
materially from those contemplated within this press release can
also be found on the Company's website. The Company disclaims any
responsibility to update any forward-looking statements.
SOURCE: Caduceus Software Systems Corp.