SOURCE: SwordFish Financial

October 01, 2015 09:00 ET

Swordfish Financial, Inc. Announces Name change to SoOum Corp., Accompanied by Reverse Stock Split

NEW YORK, NY--(Marketwired - Oct 1, 2015) -  Swordfish Financial, Inc. (OTC PINK: SWRF) (OTC PINK: SWRFD) (OTC PINK: SOUM) today announced that the Financial Industry Regulatory Authority ("FINRA") has approved the name change of the Company from Swordfish Financial Inc. to SoOum Corp., and a One-for- One Thousand reverse split of its common stock. The new Cusip Number for the common stock is: 83577M100. The Company's stock symbol will temporarily be "SWRFD" and after 20 business days, the new "SOUM" symbol will take effect.

After review of the current capital structure, the Board of Directors and Shareholders of SoOum Corp. determined it is in the Company's best interest to conduct a reverse stock split, reducing outstanding shares from approximately 5 billion to approximately 11.2 million.

The reverse stock split affects ALL shares of the Company's common stock, including any common stock issued on convertible preferred stock or exercised stock options or warrants outstanding. Stockholders are not required to take any action.

In the coming weeks, SoOum will also revamp the Company's logo, commemorating the official name change from "Swordfish Financial" to "SoOum Corp."

The CEO of SoOum, Will Westbrook, states, "We can no longer delay this process, as we have been crippled due to illiquidity. This action fixes some of the errors of many past managers and owners. We have the will, the unity of a great team, and the support of many valued shareholders to forge forward and make a difference. We move ahead with an outlook to win."

Please feel free to visit the website to view future updates and a "Message from the CEO," www.sooum.com/investor-relations.

About SoOum
SoOum Corp. is a Physical Commodities arbitrageur driven by a mission of addressing shortages and minimizing scarcity. Most recently, the Company has been expanding operations into high growth frontier and emerging markets, creating partnerships in Pakistan, China, and North Africa, specifically Egypt. The Company's expansion of trade opportunities with counter-parties throughout the global import and export arenas continues to surge forward in the multi-billion dollar market of physical commodities trading. 

This release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under Company's control which may cause actual results, performance or achievements of the Company to be materially different from results, performance or expectations implied by these statements.

Contact Information

  • Contact:
    Will Westbrook
    646-801-3772