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SoOum Corp (SOUM) Assists Exporters In Simplifying International Trade With Its Real-Time Commodities Trade Portal
NEW YORK, Jan. 17, 2018 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPink:SOUM) (“SoOum” or the “Company”), a Physical Commodities Arbitrage Trading company offering a web-based International Trade platform with a simple mission—to minimize global scarcity and to help relieve hunger—assists exporters in simplifying international trade.
SoOum’s innovative platform allows for exporters to communicate in real time and develop full “Irrevocable Corporate Purchase Orders” with full transparency to all involved.
The “Exporter Real-time Commodities Trading Portal” offers the user immediate exposure to a broad audience of individuals and organizations within the international trade community that are actively buying and selling commodities worldwide. The membership portal includes full access to trading applications that will assist the exporter in all areas of the trade.
Some of the applications included in the exporter portal are:
About SoOum Corp
SoOum Corp, a publicly held (OTCPINK:SOUM) Physical Commodities International Trading firm, specializes 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.
SoOum Corp (SOUM) Hires Database Management Group, Engages Big Data and Blockchain Technology
NEW YORK, Jan. 10, 2018 (GLOBE NEWSWIRE) -- SoOum Corp (OTCPINK:SOUM), a Physical Commodities International Trading Company offering a web-based trade platform (www.SoOum.com), proudly announces it will begin to integrate big data, along with advanced functionality and user security to its Platform.
SoOum entered into an agreement with an established database management firm known for outstanding customer support, and trusted by thousands of companies from Fortune 500s to small business enterprises. In an effort to broaden the “Trading Platform's” data driven features which addresses key hold-ups in the system, and utilizes big data management, these improved features should provide a truly advanced, but user friendly experience for each of SOUM’s members.
This agreement partners SoOum with a versatile and creative tech company employing industry leading practices to customize workflows, implement customer relationship management, “Big Data,” cloud technology, and inbound marketing tools; all aiding SoOum’s business expansion through the Company website, bringing SoOum.com further to market as a result.
Through this partnership, SoOum, also built an advanced mobile application, enhancing the overall design of the platform, adding remote security, including blockchain technology. The “Trading Platform’ integrates international banking and currency management, with the possibilities of accepting cryptocurrencies. The Company continues its research on the risks and the possibility of establishing a cryptocurrencies payment platform, as such.
To stay notified of updates on SoOum’s Trade Platform - SoOum.com - the company recommends visiting the following link SoOum.com/landing.html.
About SoOum Corp
SoOum Corp is a 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
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.
Our team is researching advanced Data Management and Blockchain technology to drive performance and aid in risk management.
Our Platform is driven by intense data management, we are currently seeking assistance in this space and will be applying different types of data management and workflow to drive our platforms performance and ease of use for our users.
Blockchain was originally designed to offer an incorruptible digital ledger for transactions of Bitcoin, one of the first decentralized digital cryptocurrencies created within the past 8 - 9 years, and since then has operated without significant disruption. By design, blockchains are inherently resistant to modifications of the data at hand.
Recently, the Blockchain technology has been drawing a lot of attention, as it can also be developed to offer solutions for other transaction or record keeping industries as well. Already adopted by gold traders, it is also starting to show the potential to transform other sectors of the global physical commodities markets.
SoOum Corp. is researching how it can be applied to SoOum.com - our platform for International Trade, as the technology can offer a secure means of the exchange of raw materials, by providing more transparency and liquidity in a market where some buyers and sellers had until now been perceived as credit risks. In turn reducing that risk exposure for our customers.
SoOum is researching different avenues to donate a portion of each membership fee to charity.
Primarily aimed at REDUCING SCARCITY; keeping inline with our ultimate mission!
Addressing Shortages... Minimizing Scarcity!
Our new CFO, Terence Byrne, joins the company with many years of experience in the art of acquiring capital, and has acted in various interim and full-time officer/director capacities in attempt to get various micro cap companies financed, operationally structured and developed.
Mr. Byrne will be instrumental during redevelopment of our company’s Global Online Trading platform; his duties will consist of directing finance and reporting, and will consult the Board on the development of operations and the overall business model and strategy of the company in the near term.
Our Platform, SoOum.com is subscription based international trading platform that is geared toward simplifying the importing and exporting of commodities across the globe.
Terence Byrne: Received a B.A. degree in economics from Villanova University of Villanova, Pennsylvania in 1980.
Later that year, he joined International Signal & Control (subsidiary - ESI) as a business developer in the countries of Nigeria, Israel, Pakistan, India and other frontier nations driving company revenues within these markets from $40,000,000 to $2,000,000,000.
In 1985 Mr. Bryne started Allivane ltd in London, UK which marketed and sold fuse technologies internationally, and also built fuse plants, including the entire assembly line.
In 1989 Terence (through Byrn Industries) bought Breed Industries Defense Systems (Alan Breed) in Boonton, New Jersey for $10,000,000 while purchasing Newmax Corp (owned by Tataran) for $12,000,000 and delivered contracts and merged into Digital Optronics, Inc.
Mr Byrne acted as Chairman and CEO of Digital Optronics, Inc during the development (bringing in customers such as Lockheed Martin) and sale of these group of companies.
In 1995 Mr. Byrne was asked to take over as CEO of Tirex Corp and tasked with the responsibility of building a plant to recycle tire(rubber). He raised $21,000,000 for the construction of the manufacturing plant and fully operated the company to an enterprise value of $145,000,000 in 2000.
In 2003 Mr. Byrne created Bartholomew International Investments, Inc. in NYC where he completed roughly 95 reverse mergers and successfully funded approximately $30,000,000 to early stage and micro cap companies.
Throughout the period of 2009 through 2017 Terence consulted companies like Mosaic Capital in Los Angeles, CA transitioning to a corporate finance group from an original M&A structure and developing transactions for the group for $10,000,000.