NEW YORK, Jan. 23, 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, announces increasing website traffic and plans for more infrastructure and office space.
SoOum’s innovative platform begins to take shape. IT developers, marketing consultants and project managers gather in Arizona to plan out a comprehensive platform that will enhance user memberships. SoOum has transitioned thirty-one of its customers to full-paying members, while numbers of members and visitors are increasing daily. The website is attracting eight hundred to one thousand visitors every twenty-four hours. To date, SoOum has increased website visitor rate by thirty percent, and is steadily increasing.
SoOum key members and hired consultants are discussing strategies and developing plans to convert visitors into full-paying customers. Changes within the system will cover graphic user interface, stress testing, SQL data, cryptocurrency, and the addition of blockchain technology.
Discussions with local Arizona bankers, key chambers of commerce officials, and angel investors are meeting with SoOum senior management this week to discuss office space and key strategies. Discussions will focus primarily on grants and loans for a hard stand office space and the opportunity of increasing local employment.
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 - investors@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.
Contact:
Steve Messina
646-801-3772
investors@sooum.com