Swordfish Financial (PINKSHEETS: SWRF) announces that its management team signed a "Definitive Agreement and Plan of Merger" with SoOum Corporation ("SoOum") merging into SWRF. Management plans for the completion date of the merger to be on or before October 30, 2014. All parties involved are moving expeditiously to accomplish this transaction.
Ms. Susan Sjo, Swordfish Financial, Inc.'s newly appointed CEO, states, "SoOum is a company with partners who have vision and leadership, as well as, tremendous growth potential. And, I am very happy to be working with them during this transition period as Commodities and Arbitrage businesses are within my business acumen. I share their enthusiasm and see tremendous value for their vision of addressing global scarcity."
SoOum Corp. is an International Commodity Trading and Arbitrage firm which identifies and leverages arbitrage opportunities and Mr. Ronald Vega, CFO, states, "This merger is fully aligned with our capital growth strategy. The synergies created from Swordfishes Financial strengths should bolster SoOum's operational capacity, which we believe will add long-term value to the Company and its shareholders. We are very excited about our future opportunities with the momentum provided by this transaction and the potential strength of our ongoing operations."
SoOum performs arbitrage on identified supply and demand conditions creating price discrepancies of physical commodities in opposing markets. In addition, SoOum has the capability to distribute trade intelligence in order to solve supply shortages and to bring new business to local manufacturers. Unlike specialized supply chains, SoOum's solution focuses on broad, real time information management, reliable trade economics, fast computing and proprietary algorithms to find surpluses and fill shortages.
SoOum Corp., a privately held Delaware Corporation, takes trading and arbitraging commodities to a new level using its proprietary technology. SoOum's business focuses not only on bottom-line profits, but seeks to solve global commodity shortages, as they relate to domestic and international manufacturing needs (www.sooum.com).
