Caduceus Software Systems Corp. Announces It Is In M&A and Strategic Partnership Talks With Philippines-Based Ascendant Technologies


BIRMINGHAM, England ---- 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. 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.

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.

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