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Thursday, 10/30/2014 2:50:56 PM

Thursday, October 30, 2014 2:50:56 PM

Post# of 67758
MORE INFO ABOUT SOOUM AND THE MERGER

https://angel.co/sooum

We have 30 Importers and over 100 suppliers ready, willing and able transact import transactions from SoOum immediately. Among our merchant importers the average size transaction is 2,500,000. We are able to average 2 closed deals every 2 weeks at a 40% success rate which we expect may be much better. We set up 16 transaction every 2 weeks and choose 5 to complete over a 30-45 day period. Of the 5 chosen transactions we expect 2 to finish in that time period, thus 40%. Further technology and better vetting tools will first provide a larger group of possible transactions and closings.

- $5,204,082 valuation
- $158,000 monthly run rate (revenue in july) and up to $600.000 per month with the new deals!

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