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SoftNet
Technology Corporation (OTCBB: STTC) |
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Attention StockUpTicks Readers:
SoftNet Technologies continues
global expansion - adds distribution to 14 more countries
SoftNet Technologies expands
distribution through Overstock.com and Froogle.com
READ TODAY'S **BREAKING**
NEWS BELOW!!
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Today's BREAKING
News From SoftNet Technology |
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Press Release
Source: SoftNet Technology
Corp.
Tuesday January 18,
10:15 am ET
STTC Wholly
Owned Subsidiary, WholesaleByUs, Expands Product Distribution
To Two More
Portals - Overstock.com and Froogle.com
BERNARDSVILLE, N.J.--(BUSINESS
WIRE)--Jan. 18, 2005--SoftNet Technology (OTCBB Symbol: STTC - News;
German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU)
expanded product Distribution to Froogle.com and Overstock.com.
Froogle.com is operated and run by Google.com. Overstock.com is
another auction site similar to EBay.com.
Overstock.com is an auction site
that is expanding its presence on the Internet at an extremely fast
rate. Overstock was chosen because it currently provides for the
ability of WBU to expand and maximize profitability. However, WBU
will remain as a seller through the EBay.com Portal. The recent
price increases announced by EBay.com will have a minimal to no
effect to the profitability of WBU due to the advanced technology
and selling procedures that WBU applies.
WBU will be selling through the
Froogle.com portal here in the United States and in the United Kingdom.
Froogle.com will redirect all searches for products listed through
the froogle.com search engine to the WBU website. WBU applied for
the right to sell through Froogle.com more than two weeks ago. Final
approval came on Tuesday, January 11, 2005 for WBU to begin offering
products through the Froogle.com portal.
STTC has been inundated with requests
by suppliers of products for more information on the process of
selling through WBU on the Internet. Suppliers who are not already
selling through WBU will soon learn what suppliers who already sell
on and through WBU know - that selling through WBU costs the supplier
nothing.
Please visit our website at www.softnettechnology.com
for more information or call the company directly at 866-898-4842
(local - 908-204-9911).
The Private Securities Litigation
Reform Act of 1995 provides a safe harbor for forward-looking statements
made on behalf of the company. All such forward-looking statements
are, by necessity, only estimates of future results and actual results
achieved by SoftNet Technology Corp (STTC) may differ materially
from these statement due to a number of factors. STTC assumes no
obligations to update these forward-looking statements to reflect
actual results, changes in assumptions or changes in other factors
affecting such statements. You should independently investigate
and fully understand all risks before making investment decisions.
Contact:
SoftNet Technology
James M. Farinella
(866) 898-4842
local: (908) 204-9911
www.softnettechnology.com
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Source: SoftNet Technology
Corp.
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About
SoftNet Technology Corporation |
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SoftNet Technology has two
wholly-owned subsidiaries - Solutions Technology and WholesaleByUs
Solutions Technology’s SecureTime®
software application offers a complete Biometric turnkey program
for a small or mid-sized company that needs to collect time and
attendance, scheduling, entitlements, and personal/pay records.
With a seamless interface to payroll services, it provides the client
with one of the most cohesive time and attendance management systems
available anywhere. The software also secures critical work areas
and high rise office buildings by positively identifying employees
and workers, and the program works in tandem with doorlocks and
surveillance cameras to prevent any unauthorized access.
SoftNet Technology's WholesaleByUs
Web site is an actual operating demonstration of the Company's proprietary
search engine software. SoftNet is bringing its search engine
to online retailers that want dynamic processes on their Web site
instead of the ordinary static pages currently in use by so many
sellers and resellers.
**Our October
2004 Profile on STTC can be viewed HERE**
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Other Recent News from SoftNet |
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Press
Release
Source:
SoftNet Technology Corp.
Wednesday
January 12, 3:00 pm ET
SoftNet
Technology Subsidiary, Wholesalebyus, Completes Additional Expansion
To
14 More Countries Around The World
BERNARDSVILLE,
N.J.--(BUSINESS WIRE)--Jan. 12, 2005--SoftNet Technology (OTCBB
Symbol: STTC - News; German WKN#: A0B7RZ) today announces the
expansion of Wholesalebyus (WBU) to an additional 14 countries around
the world. This worldwide expansion is currently being achieved
on the EBay URL's for each of these countries. Shipping of all products
will be done through DHL Express.
The 14 Countries
are located around the Globe from South America to Asia. The 14
countries are: Taiwan, Singapore, Philippines, New Zealand, Mexico,
Malaysia, Korea, India, Hong Kong, China, Canada, Australia and
Argentina. Again, this continues a quicker and more aggressive expansion
than first anticipated due to the technology and procedure changes
made in December 2004. In time, sales will be expanded beyond the
EBay portals to Yahoo.
Expansion
to additional portals overseas will take place shortly after new
Portals are added here in the United States. Sales will take a little
time to ramp up and reach expected levels. WBU will continue to
add products for distribution here in the USA and overseas. However,
the Company is now positioned for growth levels to exponentially
grow in the short term.
"We are
starting to see the results from the changes made in December of
2004," said Mr. James M. Farinella, CEO / President of SoftNet Technology.
"Events within the Company are starting to really accelerate. It
truly is going to be exciting to see what happens once TVA Productions
gets the media campaign in full swing."
Please visit
our website at www.softnettechnology.com
for more information or call the company directly at 866-898-4842
(local - 908-204-9911) James M. Farinella, CEO.
The Private
Securities Litigation Reform Act of 1995 provides a safe harbor
for forward-looking statements made on behalf of the company. All
such forward-looking statements are, by necessity, only estimates
of future results and actual results achieved by SoftNet Technology
Corp (STTC) may differ materially from these statement due to a
number of factors. STTC assumes no obligations to update these forward-looking
statements to reflect actual results, changes in assumptions or
changes in other factors affecting such statements. You should independently
investigate and fully understand all risks before making investment
decisions.
Contact:
SoftNet Technology
James M. Farinella
(866) 898-4842
local: (908) 204-9911
www.softnettechnology.com
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Source:
SoftNet Technology Corp.
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Financial Highlights For SoftNet |
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aa
Recent Price: $.21
Avg Vol (3m): 1,573,940
Fiscal Year End: 12-31
Industry: Computers-Hardware
Transfer Agent: Interwest Transfer Co
Shares O/S: 77,125,469 (as of July 30, 2004) |
To view the latest SEC filings for STTC - the link is
Here
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To Contact SoftNet Technology |
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Headquarters
James M. Farinella, CEO/PR/CB
1 Anderson Road, Suite 105
Bernardsville, NJ 07924 United States
Phone: (866) 898-4842 - Fax: (908) 204-0201
www.softnettechnology.com
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