NEW YORK, Jan. 30, 2018 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPINK:SOUM) (“SoOum” or the “Company”), a “Physical Commodities Arbitrage Trading Company” offering a web-based international trade platform, SoOum.com, announces it will further develop synergies between digital and physical commodities as another means to promote “Platform” development.
Building on the Company’s “Physical Commodities Trading Platform,” and its current capabilities to accept transaction payments with certain digital currencies, SoOum will further develop synergies between digital and physical commodities. This continued integration allows broader cryptocurrency options with the intended result of increased cash flow.
William Westbrook, CEO of SoOum, said; “The increased efforts by the global marketplace to develop and integrate cryptocurrency into commodity trading creates an opportunity for us to be at the forefront of integrating this new technology into our real-time commodity trading platform.”
SoOum’s management continues to focus on their core mission; addressing shortages to minimize scarcity, and help relieve hunger across the globe. Management feels cryptocurrency will lift SoOum’s mission to new heights adding diversity and another avenue to increase cash flow.
Additionally, the company continues to research digital commodities, in hopes to pave the way for further business development down the road.
About SoOum Corp
SoOum Corp (OTCPINK:SOUM), a publicly held physical commodities international trading firm, specializes in arbitrage based transactions of physical commodities as well as offering a web based International trading platform. www.sooum.com
For more information regarding this press release please contact SoOum Corp Investor relations - investors@sooum.com.
Cautionary Note Regarding Forward-Looking Statements in this press release regarding the Company’s business which are not historical facts are “ forward-looking statements” that involve some risks and uncertainties. The Company cautions that various factors, including the factors described under the caption forward-looking statements in the Company’s annual report on Form 10-K, could cause actual results to differ materially from the statements contained herein. These factors include the following: business conditions and volatility in the commodities market, and the general economy; competitive factors including compressed gross profit margins; shifts in market demand; product availability; reliance on key customers; fluctuations in foreign currency exchange rates; income tax legislation; and the risk factors listed from time to time in the Company’s reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
Contact:
Steve Messina
646-801-3772
investors@sooum.com