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SoftNet Technology Corporation (OTCBB: STTC) |
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Attention * Attention * Attention
SoftNet Technology (OTCBB: STTC) is doing something amazing! STTC is consistantly reaching its goals and executing its business plan. That doesn't sound amazing you say? When you consider how rarely that actually occurs among the hype-ridden, promises-broken, Small Cap companies - I'd say, it deserves our notice -- maybe a round of applause would be in order. Since we first profiled STTC nearly a year ago when the stock was trading at only 4 cents a share and limited volume, we've watched its progress with great interest. We are continually impressed with the vigor of STTC's CEO, and with SoftNet's fast-paced expansion. 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.
Today's news details how STTC has once again increased its product offerings and revenue.
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**BREAKING** News From SoftNet Technology |
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Press Release
Source: SoftNet Technology Corp.
Monday June 13, 2005
SoftNet Subsidiary, WholesaleByUs, More Than Doubles Product Offering From 750,000 To 2,000,000
Bernardsville, NJ, June 13, 2005 – SoftNet Technology Corp (SoftNet) (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) today announced that wholly owned subsidiary, WholesaleByUs, LLC (WBU), added more than 100% more products to bring the total offering to about 2,000,000 products for sale through the WBU System. WBU also continues to institute new features of the System to aggressively expand sales here in the month of June.
The main increase up to the 2,000,000 products comes mainly from the addition of books. However, more electronics, home goods, movie and music products have been added as well as some medical supplies products. The products have been added into the WBU System and will be uploaded to the multitude of portals and search engines that WBU utilizes. New shopping categories have been and will continue to be added to the website as more and more products are added going forward.
Daily revenue in June so far is showing that this month will easily be the highest gross revenue generator than any other month on record. Several features of the WBU System were turned live last week. Now, with these new products being added, there is expected another big jump in sales to occur in the second half of June. This also continues preparations for the upcoming fall and holiday season.
“We have seen just fantastic results from the additions to the system that were made last week,” said Mr. James M. Farinella, CEO/President of SoftNet Technology. "I am very optimistic about what will occur with our offering increasing to 2 million products. What’s so exciting is we really are just getting started as a Company."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also 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 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.
**Our October 2004 Profile on STTC can be viewed HERE**
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Other Recent News from SoftNet |
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aaPress Release Source: SoftNet Technology
Press Release
Source: SoftNet Technology
Thursday June 9, 1:39 pm ET
SoftNet Technology Announces Enhanced M & A Program Signs Business Advisory
and Consulting Agreement to Assist in M & A
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--June 9, 2005--SoftNet Technology (OTCBB: STTC - News; German WKN#: A0B7RZ) announced today that it has signed a business advisory and consulting services agreement with New York-based Stanton Walker & Company. Stanton Walker will assist in the evaluation of certain strategic acquisition and joint venture opportunities facing the Company. Stanton Walker's work will include due diligence, structuring transaction terms and providing consulting services throughout the process. Stanton Walker will also seek potential acquisition candidate companies that fit SoftNet's business objectives.
James M. Farinella, Chief Executive Officer, stated, "We have been building SoftNet through acquisitions and now through growth from the new subsidiairies. However, we will look forward to evaluating opportunities that could enhance our company's revenue and profits and provide additional capital to execute the Company's growth plans. These goals will require the assistance of specialized experts. We feel Stanton Walker can do this expeditiously."
Mr. Farinella continued, "We believe there are many other companies similar to our company that might have products or services that would benefit from becoming a part of SoftNet. For SoftNet and its shareholders, acquisitions represent a powerful growth strategy."
About Stanton Walker & Company
Stanton Walker & Company provides a full range of strategic operational, marketing, financial advisory and M & A services to public companies. While they provide assistance in a wide array of industries, Stanton Walker is especially interested in working with companies where their products and/or services appear to offer the company's stakeholders an opportunity for a significant return.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also 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:
For Investor Relations
Blue-Sky Solutions
Amy Woodel, (877) 4-BLUE-IR
sttc@blueskyir.com
or
SoftNet Technology
James Farinella, 908-204-9911
www.softnettechnology.com
Source: SoftNet Technology
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Financial Highlights For SoftNet |
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aa
Shares Outstanding - 117,556,000
52 week Hi /Low: $0.018 to $0.327
Avg Vol: 1,336,700 (200-day)
Market Cap: $28.6 Million
Fiscal Year End: 12-31
Industry: Computers-Hardware
Transfer Agent: Interwest Transfer Co. |
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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