CeCors Reports Record Revenue Following VETCOMM Acquisition

CARSON CITY, NV / ACCESSWIRE / August 21, 2023 / CECORS, INC. (OTC PINK:CEOS) ("CeCors" or the "Company") shares financial milestones achieved in the quarter ended June 30, 2023, fueled by the strategic acquisition of VETCOMM in April 2023.

Highlighted Achievements:

• Total VETCOMM customer receipts in the three months ended June 30, 2023 of over $148,000;
• Earned revenue from VETCOMM operations of $58,000 in the three months ended June 30, 2023, reflecting a dramatic increase to revenues from our newest operating segment;
• Additional customer subscriptions in the three months ended June 30, 2023 totaling $90,722 reflected as deferred revenue to be recognized in future periods over the term of subscription services;
• Substantially improved cash position at June 30, 2023 compared to fiscal year end.

"We are extremely pleased with VETCOMM's strong first quarter results since closing this strategic acquisition at the start of the quarter. The results are a direct testament to the outstanding performance of VETCOMM's management and support team," commented Sukhinder Kalsi, Chief Financial Officer of CeCors.

With the expectation of scaling revenues as we continue to expand the VETCOMM team, as well as leverage our recently implemented referral program, we are excited to already be able to support and assist an increasing number of Veterans, and this is just the beginning," added Mr. Kalsi.

With a successful first quarter in hand, VETCOMM is working to integrate new functions and implement scalable software in order to allow our customer onboarding process and referral program to continue to grow, all while streamlining reporting requirements under US GAAP.

Kate Monroe, CEO of CeCors/VETCOMM, stated, "Our growth is rooted in a meaningful cause. As we expand, our primary focus remains the provision of support to a growing community of veterans. Their well-being and acknowledgment are central to our mission. The path forward is brimming with potential, purpose, and unmatched opportunities."

"Our team is 100% committed to our vision. We aim to accelerate our momentum for the remainder of the year as we deliver our message to a larger audience and enhance our processes. With a solid management team now in place, we're ready to achieve all our operational goals. Our dedication to ensuring all veterans have access to well-deserved benefits is unwavering as we aim to support as many veterans as possible. As CEO, I'm committed to driving results that make our shareholders, our internal team, and veterans proud. To our valued shareholders, we express our gratitude for your trust in CeCors as we navigate towards an even brighter tomorrow," continued Kate Monroe, CEO of CeCors.