NEW YORK, Nov. 16, 2017 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPINK:SOUMD) (OTCPINK:SOUM) (“SoOum” or “the Company”), a Physical Commodities Arbitrage Trading Company offering a web-based International Trade Platform, summarizes its mission and strategy for building corporate governance, and developing a revenue generating platform. The business model of SoOum Corp has always revolved around its ultimate mission- “MINIMIZE global scarcity, especially in Frontier and emerging markets.” SoOum’s idea is to facilitate new business to local manufacturers, while helping in the global epidemic of hunger in various parts of the world.
SoOum Corp is a “Physical Commodities International Trading” firm, specializing in arbitrage based transactions of Physical Commodities, as well as offering a web based International Trading Platform.
A catalyst for SoOum's mission is a virtual trade platform (SoOum.com) designed to simplify International trade (International trade is the exchange of capital, goods, and services across international borders or territories). The platform boasts the ability to trade in real time, every aspect of commodity trade, even closing the deal, from start-to-finish.
Five interactive portals are available, each offering monthly subscriptions ranging from USD $20.00 - $100.00 per month per subscriber; allowing each user to subscribe according to his/her activities on the platform. Notably, 10% of all membership fees will go directly to solving scarcity (SoOum Mission Statement) by donating to charities that are actively solving this problem.
The Company's CEO, William Westbrook said, “I am happy that we have been able to build a cutting edge system that allows for International Commodity trading, bringing us a step closer to achieving our mission. We have also been in the process of adding talented individuals to our management team to better compliment our platform performance and capital raising abilities.”
Currently, SoOum has loaded over 47,000 importers, exporters and International traders into the systems database. The Company is in the process of marketing the system further to attempt to add revenue generating subscribers, with an objective of gaining consistent members to add value and liquidity for other users, which management cannot guarantee, but hopes will translate into value for shareholders as well.
About SoOum Corp
SoOum Corp is a publicly held (OTCPINK:SOUMD) Physical Commodities International Trading firm. Specializing 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