New York, NY / ACCESSWIRE / October 22, 2014 / Swordfish Financial's (OTCQB: SWRF) pending merger partner SoOum Corp has signed two trade contracts worth in excess of $6 million US annually.
The first trade contract is an 18 month international Sugar export/import deal (Buy - Malaysia / Sell - Kyrgyz Republic) with monthly revenues ranging from $158,760 to $650,000 based upon volumes of 252 metric ton (MT) to 1,000 MT. This agreement may rollover for furtherance at the end of its term.
The second contract, again for 18 months, is a Powder Milk export/import trade (Buy - Czech Republic / Sell -Afghanistan) with monthly revenues of $375,000 with a similar 18 month agreement with a rollover clause (see SoOum's trades:http://www.sooum.com/workspace.html).
SoOum's creation came about as the result of observing that 'direct arbitrage' or disintermediation, was needed in the business of global commodity trade by a group of international experts with previous careers in the military, security, diplomacy, politics and finance. SoOum Corp is engaged in price discovery and arbitrage within physical commodities trading and recognizes shortages and surpluses through an ever expanding, internet-based, global trade platform. It utilizes ground operations, and rigorous analysis of global data using proprietary algorithms and risk systems. For more information on transactions in process and in queue, visit SoOum's website: http://www.sooum.com
The CEO of SWRF, Susan Sjo, and CEO of SoOum, Will Westbrook also jointly announced that they have no recapitalization plans in the foreseeable future, and are concentrating on their goal to achieve and maintain consistently healthy operating revenues and improving the firms operations with key hires and infrastructure improvements.
For more information about SoOum Corp go to http://www.sooum.com, and/or contact Rich Kaiser, Business Consultant, YES INTERNATIONAL, 757-306-6090 and/or [email protected].
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the Company, including risks of market volatility, the level of capital expenditures required to fund ongoing trading operations and the ability of the Company to execute its business strategy. These and other risks are described in the Company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and the Company undertakes no obligation to update or revise these forward-looking statements.
Contact:
Rich Kaiser
757-306-6090
SOURCE: Swordfish Financial's