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Letter From Our CEO
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
Let me begin by saying how grateful I am for being part of such a magnificent group of visionaries and achievers.
SoOum’s mission provides the company with multifaceted avenues in reaching its goals. This was engineered from the beginning with the core mission of addressing shortages and minimizing global scarcity.
SoOum had to navigate many different paths in order to progress toward this mission, but has always stayed true to both the humanitarian and value-building elements that emerge from the mission itself.
Since the beginning, the Company has been able to build supply chains, introduce International marketing and promotion to frontier marketplaces, gather suppliers worldwide, and partner with or acquire other businesses. Yet, the overall goal of the Company has always been to find the most productive ways to address shortages and minimize global scarcity. That being said, this path has been straight at times and winding at others. But one thing is certain: We have always kept our eyes on the prize. With this optimistic spirit, we have built, and we will continue to build.
Presently, we are focused on building a subscription-based virtual system (SoOum.com) that operates globally 24/7, matching importers with exporters and provides a clear trading pathway for International Traders. It employs over a decade of data gathered by the SoOum team and includes intelligence gleaned from the best databases across the world. This system is sufficiently dynamic so that each of its subscribers have flexible pathways to a relatively quick physical commodity trade.
Unlike other international trade databases, ours is not just another global "Yellow Pages"; it is a complete live trading platform. Because SoOum.com provides the ease and ability to accommodate a live trade transaction from start to finish, we truly are on an effectual path toward making a sizable impact on scarcity in the world while driving value to our Shareholders.
During this past quarter (and year) we have worked hard, even in the face of tough market conditions, to build and launch our online 24/7 global trading of physical commodities. Now we are happy to report that it is in full operation and ready to be introduced to the world.
The world can join us in different ways, such as becoming an exporter, importer, freight forwarder, spread investor, or trader within our system.
We have made our system so simple that international trade can be done on the move, from your phone, your home computer, or even at the office. Trade can now happen while you travel, while you vacation, and while you attend family and social events. This is a system that you take with you wherever you may go, all the while addressing scarcity through SoOum as well as making a living for yourself and your family.
This systems technology does the heavy lifting, while providing you the opportunity to be flexible as you multitask.
We are making it our focal point to not become a global “Yellow Pages” nor a supply chain builder, but a gap filler. This will ensure our subscribers make money while fulfilling a magnificent global duty to minimize global scarcity.
The power of our system, simply, will be its functionality, alongside our commitment to build upon our subscribers’ feedback as to what works and what needs enhancement, enabling viral growth through continual flow of interactions among members and SoOum, and an “it works” message that speaks for itself.
Going forward, I greatly anticipate the sharing of SoOum’s successes and advances with our shareholders and friends.
Thank you for your support, and I look forward to seeing you on the trail.
Chairman and Chief Executive Officer