SoOum Corp. (fka SOUM)

[VVS-IG]

SoOum Corp. (SOUM) Provides Its Shareholders a "MEMORANDUM"

NEW YORK, NY--(Marketwired - November 28, 2016) - SoOum Corp (OTC PINK: SOUM) provides a "Memorandum" notice to its shareholders regarding questions concerning recent stock issuances and equity structure of the Company.

On 10/12/2016, SoOum Corp publicly announced the closing of its strategic acquisition of Western Grade LLC. Common stock has been issued to complete this transaction, resulting in immediate revenues for the combined group.

This newly issued stock represents a 42% ownership interest issued to Western Grades founding family members and directors.

SoOum canceled and retired a portion of its Preferred stock, and another portion was converted to common stock to create a lean and straightforward share structure with no preferred shares outstanding.

Key aspects of SoOum Shares structure are as follows:

Outstanding Shares: 1 Billion shares -- 886,600,000 shares are intended, and will remain for voting and managerial purposes only.

Public Float: currently 79,789,769 shares -- the "Float" is intended to remain as low as possible.

The Company's goal is to avoid dilution of its stock and to work for growth, and improvement in market share for the benefit of the shareholders.

Keeping its equity structure intact will help SoOum focus on creating the proper climate to meet up-listing requirements, as improving liquidity will further enhance shareholder value.
http://www.marketwired.com/press-release/sooum-corp-soum-provides-its-shareholders-a-memorandum-otc-pink-soum-2178886.htm