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SoftNet Technology Secures New Fortune 500 Accounts ISELIN, N.J., Feb. 13, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corporation (OTCBB:STTC) (German WKN: A0B7RZ) is pleased to announce the Company recently secured engagements with two new Fortune 500 firms.
The Company has secured an initial agreement with Microsoft to become a partner provider in the deployment of their new SoftGrid / Softricity software services. Microsoft SoftGrid is the only virtualization solution on the market to deliver applications that are never installed, yet securely follow users anywhere on demand. SoftNet's consultants will support Microsoft with fully trained personnel who will work with users in their transition to the new software.
The second agreement is with a leading worldwide educational publishing, financial services, and information/media firm. The consultant engagements with this customer will be in the NYC/NJ area on a number of varied IT Infrastructure projects.
"Securing these new customers is a testimonial to SoftNet's sales team and the Company's ability to meet the IT Infrastructure needs of clients regardless of their size -- from 'main street U.S.A.' small businesses to global Fortune 500 accounts -- or geographic requirements. The Microsoft agreement further strengthens the relationship with this client as SoftNet was an existing Microsoft Partner through the Company's SMB Practice business. These engagements are an indication that the Company will execute and achieve the 2007 business plan," said Jim Booth, CEO.
Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, option 7, James Booth-CEO, or by e-mail at: investorrelation*softnettc.com
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.