Swordfish Financial (SWRF) Announces its pending merger Partner, SoOum Corp, Recently Executed Two Trade Contracts in Excess ...
October 22 2014 - 9:15AM
Access Wire
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
yes@yesinternational.com.
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