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SoftNet Technology Corporation (OTCBB: STTC) |
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Attention * Attention * Attention
SoftNet Technology (OTCBB: STTC) just never seems to disappoint. This company consistently reaches beyond its stated goals and surprises us - on the upside! Since we first profiled STTC nearly a year ago - and the stock was trading at only about 4 cents a share with sporadic volume, we've watched its progress with great interest. We are continually impressed with the zeal of STTC's CEO, and with SoftNet's continued expansion. This company is deserving of your attention. So here is another piece of compelling news from SoftNet Technology.
Today's news details how STTC has entered into an important agreement with CompUSA.
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**BREAKING** News From SoftNet Technology |
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Press Release
Source: SoftNet Technology Corp.
Tuesday August 23, 4:00 pm ET
SoftNet Technology Subsidiary, Indigo Technology Services, Enters into a Network Engineering
Agreement with CompUSA
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 23, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today an agreement between retail giant CompUSA and SoftNet Technology's wholly owned subsidiary, Indigo Technology Services, to provide highly specialized network engineers and systems developers for a long term project with a nationally recognized law enforcement information systems company.
Indigo's engineers will provide core knowledge and implementation experience to a fast moving project in the southeastern United States. The ability to deliver highly skilled and trained professionals was cited by CompUSA as a core competency of Indigo, and a chief factor in their decision. This relationship has been building for some time with both CompUSA and Indigo looking to further grow the relationship into the future.
This new arrangement is confirmation of the continuing success brought in part by Indigo's strategy to significantly grow revenue by leveraging cross-marketing opportunities with existing clients of newly acquired firms. This strategy has served to lower Indigo's total cost per sale and has helped the company grow revenues by more than 500% on a monthly basis over the first 7 months of the year.
"It truly is a testament to the incredible progress made by Indigo to be working with the leading computer retail giant - CompUSA," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "Indigo is now entering a stage where they will be growing at incredible rates for the foreseeable future."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, 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 statements 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
or
Investor Relations:
Blue-Sky Solutions
Stephanie Soleas, 877-4-BLUE-IR
sttc@blueskyir.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 August 18, 4:49 pm ET
SoftNet Technology Announces Second Quarter Results - Record Growth in Sales Reported Again
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 18, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce its second quarter results for the period ending June 30, 2005. STTC posted revenues of $350,000, an increase of approximately 50% over first quarter 2005 results of $230,000. In addition, these revenues reflect a more than 700% increase compared to the second quarter 2004.
STTC has recently bolstered its internal governance procedures with the addition of an internal audit committee and a control and procedures committee, which is reviewing its financial policies and accounting procedures. As a result of the committee's recommendations, certain policies have been implemented in order to ensure STTC's continued compliance with GAP accounting and SEC guidelines.
Due to these recent changes in accounting procedures, approximately $100,000 plus in additional booked revenue is not reflected in this statement. This upward revision will bring STTC Up to the projected revenue for the Quarter that was previously announced. SoftNet expects to file an amended 10Q for the second quarter to revise upward its second quarter report. It is of the utmost to management to report the more conservative revenue figure today to make sure that the additional revenue expected to be added to the revised report is accurate and complete.
"I'm very pleased with the advances STTC has made in the second quarter," says James M. Farinella, CEO. "Our growth rate is strong and sustainable. WholesaleByUs is rapidly growing and Indigo's contributions continue to expand very quickly. To help accommodate our growth, we strengthened our infrastructure considerably over the last quarter, with the addition of an Audit committee, a Procedures and Control committee and the retention of Mike Pollack."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, 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 statements 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: $25.7 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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Disclaimer: StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP). The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. MP has been paid twenty seven thousand dollars by SoftNet Techology Corp. from December 2004 to present for preparation and distribution of this report and other advertising services. Additioanlly, MP has been granted 100,000 restricted shares of STTC by the company and it will recieve another ninety five hundred dollars under current and past agreements. This constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company. Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 - Market Pathways 17595 Harvard Avenue, Suite C519 Irvine, CA 92614. MP is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned. Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated. |
