SoftNet Technology Corporation (OTCBB: STTC)

SoftNet Technology (OTCBB: STTC) continues to be a shining star.  Since we first brought it to you in October of last year when it was trading light volume at 4 cents a share, we've been bringing you updates on STTC's tremendous progress.  The company, over and over again, has simply executed its stated plans and reached its objectives - a refreshing contrast to the hype of so many small cap companies.  We continue to be impressed with SoftNet's growth and expansion and we don't want you to miss out on this great story in the making!  So here is another piece of compelling news from SoftNet Technology.   This news, yet again, details the company's increased revenues and record sales.
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**BREAKING** News From SoftNet Technology

Press Release 
Source: SoftNet Technology Corp.
Wednesday March 30, 4:00 pm ET

BERNARDSVILLE, N.J.--(BUSINESS WIRE)--March 30, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce today that the Company has and will generate more revenue than ever recorded in a 30-day period for the month of March. Additionally, the Company will also record more revenue, in the first quarter than ever recorded in any one Quarter before.

Two of SoftNet Technology's wholly owned subsidiaries, Indigo Technology and WholesaleByUs, have ramped up their operations in the past 90 days to accelerate revenues at a quickened pace. Each of these two subsidiaries will generate their best performance, for one quarter (this first quarter), in their respective histories. More impressive is that Indigo and WBU each will have generated more than 50% of their total revenues for the quarter in just the month of March. SoftNet Technology as a company is expected to generate approximately $200,000 in sales for just the month of March - the best one month in the history of STTC.

STTC's wholly owned subsidiary, (WBU) www.wbushopping.com, individually will generate record revenues for the month of March. Total Internet sales will far exceed $150,000 for the month. More astonishing is the fact that more than two thirds of the revenues generated in March were generated in the second half of the month. This is made possible from all of the technology and procedure changes that were made in December 2004 and January 2005. However, total recorded revenue, for the quarter, will be calculated using only sales of products that have been shipped to the customer. All sales not recorded in the first quarter will carry over to the second quarter.

Other Company news - STTC subsidiary Solutions Technology has hired sales people in an initial effort to begin a large-scale rollout of the SecureTime System. Final programming adjustments are being made as well for SoftNet International GmbH in preparation of turning the WBU System live in foreign countries with products for sale from those foreign jurisdictions. The Media Blitz with TVA productions has begun and will ramp up and be in full swing over the next 30 days.

"It took a few months to get things going strong again after the shutdown in early December. But, sales are now back up and even above the levels that we experienced in November of 2004," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "We have added new programmers and management positions that will ensure continued accelerated and stable growth for the overall Company."

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.
 

About SoftNet Technology Corporation

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 WholesaleByUsWeb 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. 

Other Recent News from SoftNet

BERNARDSVILLE, N.J.--(BUSINESS WIRE)--March 21, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that wholly owned subsidiary, Indigo Technology Services (Indigo), has signed a contract to implement a networking and software architecture project for New Jersey Based insurance company.

The project plan includes a full network environment implementation. This includes setting up over 40 computers, 3 servers (email, database and applications servers), firewalls and routers. Indigo will additionally implement the corresponding systems architecture. This means that Indigo will design the overall system to increase the efficiency of the insurance company's operations to better track customers and the corresponding policies. Basically, this is to run all of the insurance company's operations.

Indigo's consulting practice going forward will consists of three target areas: infrastructure design, application design and messaging, and collaboration. Infrastructure design is the creation of a new computer and IT system including basic network setup routers and messaging platforms. Application design is when Indigo will step into a company and custom design IT programs to specifically help a company improve operations. This is crucial to helping save a company money and improve the bottom line.

Messaging and Collaboration includes how a company communicates with vendors, employees, clients and the like. This would include more efficient email systems, video conferencing, instant messaging, wireless communications and other instant alerts or communications. Basically, this service will enhance and improve the way Client Companies of Indigo communicate. Indigo's Infrastructure design, messaging and collaboration teams will be utilized to provide the customer another flawless deployment.

"This contract continues Indigo's gravitation toward the highest profit margin segment of our business - IT Consulting," stated Tom Raymond, president of Indigo Technology Services; "I am also very excited because Indigo has garnered enough attention to begin to expand its IT Consulting business beyond the Atlanta Georgia area."

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 Farinella, 866-898-4842/908-204-9911
    www.softnettechnology.com

Source: SoftNet Technology
 

Financial Highlights For SoftNet

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