NEW YORK, Jan. 16, 2018 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPINK:SOUM) (“SoOum” or the “Company”), a Physical Commodities Arbitrage Trading company offering a web-based International Trade platform, SoOum.com, released a “Letter from the CEO,” as follows:
“Dear Shareholders and Friends of SoOum:
I am personally very excited about this year ahead of us, and here’s why.
First and foremost, I am pleased to say that we are on a solid financial footing, as all SEC filings are current, and we have a solid plan to get our next report (10K) completed well ahead of schedule.
Second, our business model is attracting a larger and more diverse number of Investors interested in SoOum, which we hope will pave the way for better financing and capital raising opportunities. In fact as I write to you now, we are analyzing and choosing our pathways carefully and performing our due diligence and cost/benefit analysis for capital investments.
Third, our team is truly coming together. Through the formation of our advisory board, and other additions to our personnel, we have been fortunate enough to have gained valuable and experienced professionals in multiple business disciplines that we hope will enable SoOum to grow quickly and efficiently.
We are committed in 2018 to fully engage a robust campaign to bring in as many new subscribers as possible. We also have a solid plan for converting our free members to paid members, while signing up new members as well. To that point, a large portion of our focus will be to expand our membership with intentions of a healthy and long term revenue stream.
As of today our platform contains over 47,000 importers, exporters, and traders for our growing membership to leverage, as we continually develop the flow and functionality of the system. Our new platform allows paid members to earn commissions on these transactions, and our shareholders are beginning to see the growth and value in our company that we have been working so hard to establish over the past year.
Furthermore, I am happy to say we have received a warm welcome from the international trade community, and the initial review of our platform has been strong.
We are also in discussions with other trade firms on simply partnering to bring new revenue to both our organizations and combining our expertise and involvement, not only regarding commodities, but with international payments/banking and data security as well. With that being said, we are working on integrating blockchain technology to offer a secure means of transacting for our users.
With regards to cryptocurrency, our platform already provides a payment method for commodities via the major currencies, along with some cryptocurrencies supported, as well.
In conclusion, great opportunities lie ahead of us in 2018. Our new marketing team is fully committed to the expansion of our platform, as well as increasing exposure of our brand. Our business model will allow us to pursue more than one revenue stream, and even though there will be challenges to face in 2018, all of our efforts are focused on one thing, our Mission; to fight global scarcity.
Thank you for your continued support in our Mission.
Chairman and Chief Executive Officer
About SoOum Corp
SoOum Corp is a publicly held (OTCPINK:SOUM) Physical Commodities International Trading firm. Specializing in arbitrage based transactions of Physical Commodities, as well as offering a web based International Trading Platform. www.sooum.com
For more information regarding this press release please contact SoOum Corp Investor relations - email@example.com
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.