SoOum Corp. (fka SOUM)

[nvidiaforgames]

HUGE 8K OUT $12MIL REVENUE MERGER FINALIZED:
http://ih.advfn.com/p.php?pid=nmona&article=72324230
Item 1.01 Entry Into a Material Definitive Agreement

On August 25, 2016, SoOum, Corp (“SOOUM”). a corporation formed under the laws of the state of Minnesota, entered into an exchange agreement (the “Exchange Agreement”) with the owner of the outstanding limited liability company interests of Western Grade, LLC (“Western Grade”), a limited liability company formed under the laws of the state of Arizona. Under the terms of the Exchange Agreement, Western Grade Members will exchange their ownership interest for 420,000,000 shares of the common stock of SOOUM which represents an ownership interest in SOOUM of approximately 42%. Upon completion of the proposed transactions, Western Grade will be a wholly owned subsidiary of SOOUM. The obligation to close the transaction under the terms of the Exchange Agreement is subject to the normal terms and conditions contained in such agreements.
SOOUM is an international commodity trading and arbitrage firm which uses its own proprietary technology to identify and exploit arbitrage opportunities. SOOUM performs arbitrage on identified supply and demand conditions creating price discrepancies of physical commodities in opposing markets. SOOUM also plans to distribute trade intelligence to global subscribers in order to solve supply shortages and to bring new business to local manufacturers. This part of our business is in the development stage. 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.
Western Grade is an industrial contractor located in Flagstaff, Arizona. Western Grade owns a mine from which it extracts gravel to use in its paving projects. In addition, Western Grade specializes in utility site improvement and construction, excavating, paving, transport, earth moving, water movement and supply.
Western Grade’s expertise and mission of water supply and delivery through large scale project management in canals, pipeline supply, and water supply project management, enhances SOOUM’s pursuit of its ultimate mission of addressing shortage and minimizing scarcity.
Certain statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and prospects for SOOUM’s business and operations and involve a number of risks and uncertainties. SOOUM’s forward-looking statements in this report are made as of the date hereof and SOOUM disclaims any duty to supplement, update or revise such statements on a going forward basis, whether as a result of subsequent developments, change, expectations or otherwise. In connection with the “safe harbour” provision of the Private Securities Litigation Reform Act of 1995 SOOUM is identifying certain forward-looking information regarding, among other things, the exchange of Western Grade shares. SOOUM. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause further events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the ability of SOOUM to successfully complete the exchange, to implement SOOUM’s business plan; uncertainties relating to the ability to realize the expected benefits of the Exchange; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry in which Western Grade and SOOUM operate, and other risk factors as discussed in SOOUM’s other filings made from time to time with the United States Securities and Exchange Commission.

MERGER COMPANY DOES $12MIL IN REVENUES RIGHT HERE:
Western Grade is located in Show Low, Arizona. This organization primarily operates in the Earthmoving Contractor business / industry within the Heavy Construction, Except Building Construction, Contractor sector. This organization has been operating for approximately 15 years. Western Grade is estimated to generate $12.2 million in annual revenues, and employs approximately 50 people at this single location.

http://www.buzzfile.com/business/Western-Grade,-LLC-928-532-8361

SOUM