NEW YORK, March 20, 2018 (GLOBE NEWSWIRE) -- SoOum Corp. (OTCPINK:SOUM), a Physical Commodities Arbitrage Trading company offering a web-based International Trade platform, SoOum.com, announced it has entered into a definitive agreement to acquire privately owned TRADEBOSS.COM, a worldwide b2b marketplace. The transaction is expected to close in the 2nd quarter of 2018.

The acquisition of TradeBoss will add 655,000 users to SoOum.com, including 107,000 products, and more than 164,000 trade leads. SoOum.com will provide a transaction close option and a centralized interface to track and conduct trade safe - effectively in a simplified format for current TradeBoss members. On average, TradeBoss.com boasts 900-1000 users browsing the b2b marketplace at any time. According to TradeBoss, members can advertise their company and products, find new products, and meet new business partners across the globe.

SoOum.com is an International “Trade Platform” with a simple mission; to “Minimize Global” scarcity, by addressing commodity shortages and simplifying international trade. The Company is currently focused on adding users to the SoOum.com “Trade Platform,” and will continue to search for other acquisition possibilities intended to create value for SoOum shareholders and to help push SoOum Corp to the forefront of International Trade.

About SoOum Corp

SoOum Corp is a publicly held (OTCPINK:SOUM) Physical Commodities International Trading firm. Specializing in arbitrage based transactions of Physical Commodities, as well as offering a web based International Trading Platform - www.sooum.com.