SHOW LOW, AZ--(Marketwired - February 01, 2017) - Western Grade LLC, a Civil Contractor and wholly owned subsidiary of SoOum Corp (OTC PINK: SOUM), has secured an Indefinite Duration, Indefinite Quantity (IDIQ) Federal contract with a Division of the United States Government. The contract will deliver road construction and maintenance projects for a duration of 3 years with a $950,000 USD limit. An IDIQ contract provides for an indefinite quantity of supplies and/or services during a fixed period of time.
The contract should add to the revenue stream of the Company for the next 3-years, enhancing Western Grade's contract pipeline.
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.
About Western Grade
Western Grade, LLC a wholly owned subsidiary of SoOum Corp. is a well-respected general contractor capable of Commercial and Industrial, as well as residential projects. The company offers unsurpassed expertise and state of the art technical capabilities.
For further information, contact: Steve Messina, SoOum Corp., #646-801-3772 and email@example.com. www.sooum.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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