SoOum Corp/Swordfish Financial (SWRF) Awarded U.S. Federal Contract; Hires Commodity Specialist
12 February 2015 - 2:15PM
Access Wire
NEW YORK, NY / ACCESSWIRE / February 12, 2015 /
SoOum/Swordfish Financial, Inc. (OTC:SWRF) announced it was awarded
a federal contract that paves way for new potential agreements with
the US Government.
"We have completed the arduous multi-step application process
for bidding government contracts to include the granting of a
Commercial And Government Entity code (CAGE) and culminating with
winning the first of what we hope to be additional contracts with
major federal agencies. Currently, we are in the process of
completing a shipment under the first contract," stated Vice
Chairman and Chief Operations Officer, Luis Vega.
According to a report in the NY Times, the US Government has
massive global supply needs ($460 Billion for Fiscal 2013 in
Federal Government contracts alone) and as a result the company
sees this award as a significant development given the many
suppliers with which it has cultivated relationships. These
suppliers provide many of the commodities the USG seeks and SoOum
believes it has the expertise in-house to make this a continuous
part of its business model.
While SoOum's systems and operating processes are designed to
streamline the differing needs of suppliers and buyers that are
prevalent in trade negotiations, most transactions are multi-month
and require strict due diligence. The Company's potential trade
book continues to grow internationally with various commodity
negotiations taking place in countries all over the world,
including several in the LATAM, ASPAC, and EMEA regions.
SoOum is also pleased to announce the addition of another Trade
Architect and one of the team that has spearheaded the US CAGE and
Bidding Rights, Eric Malmstrom. Luis Vega, Vice Chairman and COO,
states, "Since joining the team, Eric has already proven himself as
a Commodity Specialist with an eye at closing deals. He honed his
deal analysis and completion skills amongst several other skills
during his many years of managing trade at the Chicago Mercantile
Exchange, and institutional development roles and these valuable
traits are an asset to the SoOum team."
SoOum’s CEO, Will Westbrook also announced the plans to open a
Centralized Training and Trading Office for its deal architects. He
stated, "We are rounding out our team and adding to our business
model in significant ways that pave the way for the future of
SoOum. Plans for a centralized training facility to establish
uniform protocols on our systems and methods, is going well and is
the future of our firm. The investment in people and training is
one of our top priorities as our growth is closely tied to the
deals our traders transact. We look forward to this significant
step for our future."
For further information, contact Rich Kaiser, YES INTERNATIONAL,
business consultant, 757-306-6090 and/or www.yesinternational.com
and/or www.swordfishfinancial.com, and/or
https://www.facebook.com/media/set/?set=a.1022490897765896&type=3&l=49cd17c79d.
This release contains forward-looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or
achievements of the Company to be materially different from
results, performance or expectations implied by these
forward-looking statements.
Contact:
Rich Kaiser
757-306-6090
SOURCE: Swordfish Financial, Inc.