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SoftNet
Technology Corporation (OTCBB: STTC) |
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Dear Reader,
Forgive the brevity of this installment of StockUpTicks.
We just wanted to get it out in a hurry.
Reason is, dear reader, that our most followed stock of the moment,
SoftNet Technology (OTCBB: STTC), has issued news this morning
that we’re certain will be of great interest to you. Already, our
StockUpTicks’ members have shown enormous interest in this fast-rising
equity on the news of the CEO purchasing a large number of the company's
shares and other P.R. and we think today’s release will be of interest
as well. Just to whet your appetite here's a quick excerpt:
"SoftNet Technology Corp is now expected to generate more
revenue in the 4th quarter of this year than the Company has ever
generated in a single year."
So, let’s not delay the incredible, er’ the inevitable, and get
you the NEWS hot off the proverbial press.
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Today's BREAKING
News From SoftNet Technology |
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Press Release
Tuesday November 9, 8:34 am ET
Source: SoftNet Technology Corp.
STTC Dramatically
Increases Sales Projections -- Record November, December
And 4th Quarter
Revenue To Be Posted
BERNARDSVILLE, N.J., Nov. 9,
2004 (PRIMEZONE) -- SoftNet Technology (OTC BB:STTC.OB - News)
(German WKN#: A0B7RZ) announced today that WholesaleByUs, LLC (WBU)
again increased sales projections. The Company recently projected
sales at $75,000 for November. These projections have now been increased
approximately 46% to $110,000. SoftNet Technology Corp is now expected
to generate more revenue in the 4th quarter of this year than the
Company has ever generated in a single year.
Last week, WBU reconstructed some
of the software and technology used in placing other companies'
products on Amazon.com and EBay.com. By revamping the pricing and
categorizing features of the technology, WBU dramatically increased
sales. If sales just hold constant through the month, WBU will easily
meet the new target of $110,000. However, it is expected that sales
should increase as the month progresses. If daily sales do increase
as expected, then another upward revision will be made.
It is also possible that November
sales could reach the initial projections STTC had set for December
of $150,000. With this current increase in sales estimates, SoftNet
Technology will shortly announce an increase in December projections.
Based on this first increase in sales estimates, it is now expected
that STTC will generate more than $350,000 in revenue for the 4th
quarter of this year.
WBU is also looking to increase
the product offering on the current portals of Amazon.com and EBay.com.
If this occurs, then sales estimates may also be increased as well.
Additionally, expansion to a third portal is also a possibility
this month. Again, if this occurs, then it should also lead to an
increase in estimates. STTC management has easily handled this meteoric
growth to date and will continue to keep a focus on proper management
of the sales increases so as to maximize revenue going into and
through 2005.
Please visit our website at http://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
--------------------------------------------------------------------------------
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
13 Profile on STTC can be viewed HERE**
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Financial Highlights For SoftNet |
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aa
Avg Vol (3m): 842,610
Fiscal Year End: 12-31
Industry: Computers-Hardware
Transfer Agent: Interwest Transfer Co
250,000,000 shares authorized
62,900,736 shares outstanding |
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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