SoftNet Technology Signs Numerous Multifaceted Business Deals With Several Major U.S. National and International Companies
CRANFORD, N.J. - SoftNet Technology Corp. (OTCBB:STTC) (German WKN:A0B7RZ) is pleased to announce that they have entered into several Multifunctional Information Technology and Professional Services Contracts. These Business arrangements range from several months to more than one year in contract duration.
SoftNet recently entered into a new relationship with Verizon that expands STTC's business operations in current locations and new territories including New Jersey, District of Columbia, Texas, Pennsylvania, and New York. The work will primarily consist of IT Consulting Services and Regulatory Compliance. SoftNet also recently entered into a contractual relationship with Transamerica initially in the territories of Arkansas, Texas and Kansas City for IT professional services. EMC Storage also engaged the services of SoftNet in several areas of the United States. Some of these new business arrangements are expected to be expanded upon well into the future.
Lastly, SoftNet expanded on its relationship with Network Appliance in parts of the U.S.A. and Canada. While, no specific numbers are being released at this time, the collection of new business is expected to have a big impact on the overall company in the coming year and beyond. Several of the new contracts are an expansion of pre-existing relationships that have grown and broadened in capacity.
"I am very pleased at the velocity that SoftNet is advancing its business operations," said Mr. James M. Farinella, CEO of SoftNet Technology. "To have an operational management team, that has been involved in a multi-billion dollar public corporation in the past, to be leading SoftNet into the future is just astonishing. The most exciting part is that we have really just been getting our organizational structure in place and are now turning our focus on accelerating the sales and growing SoftNet into a really special company." Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact 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.
This news release was distributed by PrimeZone, www.primezone.com SOURCE: SoftNet Technology Corp.
Verizon Communications, Inc. provides communication services worldwide. It has four segments: Domestic Telecom; Domestic Wireless; Information Services; and International. The Domestic Telecom segment provides voice and data transport, enhanced and custom calling features, network access, directory assistance, private lines, and public telephones in 28 states and Washington, D.C. This segment also provides long distance services, customer premises equipment distribution, data solutions and systems integration, billing and collections, Internet access services, and inventory management services. The Domestic Wireless segment provides wireless voice and data services and equipment across the United States. The Information Services segment involves in directory publishing businesses, which includes print directories and SuperPages.com online search services, as well as Web site creation and other electronic commerce services. The International segment includes wireline and wireless communications operations and investments primarily in the Americas and Europe. The company was incorporated in 1983 as Bell Atlantic Corporation and changed its name as Verizon Communications, Inc. in 2000. Verizon Communications is based in New York City.
BICO, Inc. does not have significant operations. It intends to merge or acquire with operating business entities. Previously, the company was focused on the distribution of various Internet appliances, including Web phones. BICO was incorporated in 1972 and is based in Dove Canyon, California.
B&G Foods, Inc. engages in the manufacture, distribution, and sale of a portfolio of shelf-stable foods in the United States, Canada, and Puerto Rico. Its products include shelf-stable Mexican food, including taco shells, seasonings, dinner kits, taco sauces, peppers, refried beans, salsas, and related food products, as well as snack products, such as microwavable cheese sauce bowls and salsa and cheese sauce bowls. The company also offers a line of gourmet salad dressings, marinades, fruit syrups, confections, pancake mixes, and organic products; shelf-stable pickles, relishes, peppers, olives, and other related specialty items; fruit-based spreads and jarred wet spices; chicken, beef, and vegetable stocks; and various meat spreads, including deviled ham, chicken, and roast beef, as well as liver pate and sardines. In addition, B&G Foods provides various baked beans and brown bread products; flavor enhancers; vinegars and cooking wines; canned beans, including kidney, chili, and other beans; and molasses products. It primarily sells its products through retailers, and a network of independent brokers and distributors. The company is headquartered in Parsippany, New Jersey.
Empire Resources, Inc. engages in the purchase, sale, and distribution of aluminum semifinished products in the United States, Canada, Europe, Australia, and New Zealand. The company's semifinished products include aluminum sheet, plate and foil, rod, bar and wire, extruded and cast products. It serves various industries, including transportation, automobile, housing, appliances, and packaging. The company sells its products through its own sales personnel and independent sales agents. Empire Resources is headquartered in Fort Lee, New Jersey.
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