DALLAS, Sept. 23, 2014 (GLOBE NEWSWIRE) -- Swordfish Financial (OTCQB:SWRF) announces that its management team signed a "Memorandum of Understanding" (MOU) with SoOum Corporation. The MOU sets forth terms on a "Definitive Agreement," whereas SoOum merges into SWRF. With ongoing due diligences and negotiations, it is anticipated that both entities can reach and execute the "Definitive Agreement" before the end of September 2014.
Ms. Susan Sjo, Swordfish Financials' newly appointed CEO states, "I'm very encouraged by the recent negotiations, and see SoOum as a perfect fit for Swordfish."
SoOumCorp., a privately held Delaware Corporation, takes trading and arbitraging commodities to a new level using its proprietary technology. SoOum's business focuses not only on bottom-line profits, but seeks to solve global commodity shortages, as they related to domestic and international manufacturing needs, www.sooum.com.
Mr. William Westbrook, CEO, SoOum Corp. states, "The ongoing negotiations with SWRF are ongoing and productive. We see this merger as an opportunity for growth for all parties involved going forward."
Management at both entities views this merger as an opportunity for success.
Additionally, Swordfish Financial hires YES INTERNATIONAL as a business consultant who will be available to communicate with interested parties regarding the ongoing developments at SWRF.
For further information about this release, contact Rich Kaiser, YES INTERNATIONAL, business consultant, 757-306-6090 and/or www.yesinternational.com.
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 YES INTERNATIONAL 757-306-6090 firstname.lastname@example.orgSource:Swordfish Financial