SOURCE: SoOum Corp

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November 18, 2016 13:15 ET

SoOum Corp/Western Grade (SOUM) Completes Project after Contract Additions, Announces New Contracts Awarded

SHOW LOW, AZ--(Marketwired - November 18, 2016) - Western Grade LLC ("Western") a civil contractor, and wholly owned subsidiary of SoOum Corp (OTC PINK: SOUM), announced it has completed its most recent project for a Government sector client. Located in Northeast Arizona, the contract comprised of grading, sub-grade material, asphalt paving and a concrete low-water crossing was completed on time and on budget. The contract was extended 2 weeks after the project owner initiated 2 additive change orders in the total amount of $22,000, bringing the total project amount to ~$192,000.00 USD from $170,000.00 USD.

Also, with the addition of these contracts to current work on hand, brings the current project pipeline to ~$650,000 USD. Western Grade continues to maintain an aggressive project pipeline, and similarly an active bidding pipeline.

Furthermore, Western's business development team has secured four (4) NEW contracts with a local electric utility to deliver various grading, paving, building pad, and road maintenance projects. Total value of awarded contracts: $155,000 USD.

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. www.sooum.com/investor-relations

About Western Grade

Founded in 2001 Western Grade LLC is a well-respected general contractor capable of domestic, as well as commercial and industrial projects. With unsurpassed expertise, and state of the art technical capabilities, Western's commitment to success and outstanding customer service were, and remain a leading catalyst for the company's growth.

For inquiries, contact SoOum at www.sooum.com/investor-relations or Rich Kaiser, YES INTERNATIONAL, 757-306-6090 and 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 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

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