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TEMPE, Ariz., March 19, 2019 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPINK: SOUM) an International Physical Commodities Trading company and web-based trade platform (SoOum.com) announces it begun discussions in Nigeria with local government and USAID officials to start and manage an abattoir (slaughterhouse) located in the country.
After management’s invitation to an agricultural expo held in Nigeria in October 2018, an official from both Company and the country entered into preliminary discussions. Following the conference, a national senator invited management to visit Keffi, Nasarawa state, central Nigeria. Both SOUM and officials discussed the upstart and management of a modern abattoir located in the country, already built but not operated.
Helping the people of Nigeria in their quest to close the gap on food scarcity by introducing modern ranching operations as an alternative to the Nomadic system that already exists remains the primary objective of both SOUM and country officials.
SOUM’s mission, therefore, encompasses ranching, controlled feedlot and cross-breeding of cattle to engineer tender, softer, beef, that will help feed the entire country and generate trade.
The Company continues with talks with a private Investment firm to secure safe, non- dilutive financing options for the project.
Updates on the project to become available as progress moves forward
About SoOum Corp
SoOum Corp, a publicly held (OTCPINK: SOUM) Physical Commodities International Trading firm, specializes in arbitrage based transactions of Physical Commodities and offers a web-based “International Trading Platform” - www.sooum.com.
For more information regarding this press release, please contact SoOum Corp Investor relations - firstname.lastname@example.org
Cautionary Note Regarding Forward-Looking Statements in this press release regarding the Company’s business which are not historical facts is “ 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.