SOURCE: SoOum Corp

#Water

June 13, 2016 15:23 ET

SoOum Corp (SOUM) Signs Letter of Intent to Acquire Western Grade LLC, a Well-Established Industrial Construction Company

NEW YORK, NY--(Marketwired - June 13, 2016) - SoOum Corp (OTC PINK: SOUM) announces it has signed a "Letter of Intent" to acquire Western Grade LLC. Based in the Southwest United States, Western Grade is a prominent general contractor in the region. The company specializes in underground utilities site improvement and construction, excavating, paving, transport, earth moving, water movement/supply and more.

The proposed acquisition of Western Grade would bring SoOum a step towards a multi-industry Corporation. Western Grade's expertise and mission of water supply and delivery through large scale project management in canals, pipeline supply, and innovative water supply project management are noteworthy. A Western Grade acquisition greatly reinforces SoOum's pursuit of its ultimate mission of "Addressing Shortages and Minimizing Scarcity."

As negotiations continue in earnest, SoOum's and Western Grade's management teams proceed with the ultimate goal of an acquisition of Western Grade, LLC into SoOum Corp.

About Western Grade
Founded in 2001, and still growing, Western Grade's dedication, commitment to success and outstanding customer service were, and still remain a leading catalyst for the company's growth. Today, Western Grade is a well respected Industrial Contractor, with unsurpassed expertise and state of the art technical capabilities.

About SoOum Corp
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/investor-relations

For inquiries into this matter please contact SoOum at www.sooum.com/investor-relations or reach 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.

Contact Information

  • Contact:
    Rich Kaiser
    757-306-6090