NEW YORK, Nov. 28, 2017 (GLOBE NEWSWIRE) -- SoOum Corp (OTCPINK:SOUMD)(OTCPINK:SOUM) a Physical Commodities Import, Export and International Trading company, officially announces the formation of a subsidiary entity called SoOum Malta Limited (“SML”). This entity, established under the laws of Malta, will strategically utilize trade without barriers throughout the European Union (EU), as well as leverage the tax advantages offered to Maltese entities.
Based in St. Julians, Malta, in the heart of the mediterranean Sea, SML is strategically poised to leverage the Island’s location to facilitate trade throughout the surrounding regions, intending to promote SoOum’s long-term international business strategies and business development.
About SoOum Corp
SoOum Corp is a publicly held (OTCPINK:SOUMD)(OTCPINK:SOUM) Physical Commodities International Trading firm, offering a web based International Trading Platform www.sooum.com. The Company also specializes in arbitrage based transactions of Physical Commodities. SoOum Malta Limited (“SML”), a Maltese entity and a subsidiary of SoOum Corp provides strategic trading services throughout the EU.
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Cautionary Note Regarding Forward-Looking 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.