SOURCE: SoOum Corp

#trade

April 20, 2016 09:00 ET

SoOum Corp. (SOUM) Signs Asian Trade Deal, Offers Other Transaction News, and Provides Business Update

NEW YORK, NY--(Marketwired - April 20, 2016) - SoOum Corp. (OTC PINK: SOUM) announced today, that it is has recently completed transactions in specialty pork and poultry products within the Asian markets (see photo). The contracts have been signed, and shipping will commence this month -- April 2016. The trade arrangement will continue for 1-year, thereafter. Initial revenue generated will be approximately $170,600.00 USD for the first month's delivery. Each month, shipment quantities will be re-evaluated to coincide with the buyer's demand for the product, and can vary from month-to-month.

As SOUM moves forward, the business development team continues to bring additional products into its deal pipeline. Some commodities currently moving into the pipeline are slaughter cattle, feeder steer/heifer, almonds, skim and whole powder milk, meats, sugar, used cooking oil, beef liver, and other beef products. These products are under trade negotiation. News will follow once contracts are signed.

The Company's proprietary, internet based e-commerce "Physical Commodities Arbitrage Trading" platform continues to generate sales and operational growth as it provides a much-needed bridge on sourcing between international and domestic buyers and sellers of goods and commodities worldwide, www.sooum.com.

For a brief history and a look into SoOums Methods please visit: www.sooum.com/method

About SoOum

SoOum Corp is a publicly held (OTC PINK: SOUM) Physical Commodities Trading firm. Specializing in arbitrage based transactions of Physical Commodities, as well as offering an e-commerce Trading Platform, allowing customers to be a part of a unique community of Physical Commodities Traders, Suppliers, Buyers, and Procurement Agents engaging in the purchasing and selling of Products and Commodities across the globe, www.sooum.com.

 For further information about this release contact, Rich Kaiser, Business Consultant, YES INTERNATIONAL, 757-306-6090 and/or yes@yesinternational.com

Cautionary Note Regarding Forward Looking Statement

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve a number of 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.

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Contact Information

  • Contact:
    Rich Kaiser
    YES INTERNTAIONAL
    757-306-6090