company executives have been buying up a ton of shares.
Posted by Raptorsrule on :
Do you have a link to the inside buying info?
TIA
Raptor
Posted by keithsan on :
STTC Subsidiary, WBU, Doubles Product Offering From 10,000 to over 20,000 Products Monday November 15, 10:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Nov. 15, 2004--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that WholesaleByUs, LLC (WBU) increased the number of products for sale to more than 20,000. A revenue model has been created for increases in product offered. However, a sales projection will only be provided after the initial sales from the increase in products actually materializes. Just over 45 days ago, STTC's new wholly owned subsidiary, Wholesalebyus.com was offering only 150 products for sale on EBay.com. In just one short month, WBU has expanded its ability to provide increased exposure for other companies products on the Internet to Amazon.com and EBay.com. Now, the product offering has increased from 150 products to 4,400 to 10,000 and now to over 20,000 products. The genius displayed by the WBU management is not just in increasing the product offering, but increasing it at no additional cost to the companies that supply the product for sale through the WBU system.
In just the past week, the Company increased estimated sales due to the increase in sales that WBU was experiencing on a daily basis. These increases continue as expected. However, a revenue explosion with even higher sales figures is possible now that the product offering has been increased to over 20,000 products.
Posted by keithsan on :
heres where i go for insider buying: you will have to put in STTC http://www.insidercow.com/ Posted by fishstix on :
Thanks for posting this one Ken. I bought in today and see .16 soon is the chennal doesnt break. Other than that it looks like a good company and it is great to see the CEO buying all those shares up.
Posted by keithsan on :
thanks sally
Posted by glassman on :
sally, ken, and barbie.....LOL
Posted by keithsan on :
who's barbie, you?
Posted by glassman on :
me? you're ken, cheating with sally and you want ME to tell you who Barbie IS?...LOL
she's the chic with the pink vette....
Posted by keithsan on :
pink vette, its definately you!
ahhhhhh LOLOLOLOL ahhhh
i had to edit, that was below the belt....
[This message has been edited by keithsan (edited November 16, 2004).]
Posted by *Mag* on :
SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) announced today that the President and CEO continues to purchase more shares of STTC. On Thursday and Friday last week and Monday this week; the CEO purchased an additional 40,000 shares of STTC at prices as high as $.126. Since August 18, 2004 the CEO/President has purchased well over 1,000,000 shares of STTC in the open market.
WholesaleByUs, LLC (WBU) continues to surpass previous forecasts in sales. In fact, WBU is already on pace to meet the new revenue target of $110,000 for the month of November. However, it is expected that the additional product lines that were added to the mix just yesterday (press release of 11/15/2004) could have a dramatic effect on the sales of the overall Company. This was cited by the CEO as one of the main reasons to add to his position at this time.
The CEO also mentioned that the expansion to the European Community expected shortly provides for even further optimism heading into the New Year. It is now expected that not only will sales not drop off in January, but they may actually increase. Further to this point, is the increased expectation to expand to the Canadian market much sooner then previously anticipated.
"The excitement within the Company continues to just increase on a daily basis," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "I am just so excited to see our Company grow our sales at fantastic rates. What's even more exciting is all of the untapped growth that WBU will be bringing online in the coming year. The real explosion in sales is yet to come!"
Posted by keithsan on :
bought more at .10
Posted by keithsan on :
and she moving.....
Posted by Raptorsrule on :
Keith...thanks for the heads up on this one.....I'm in......
Raptor
Posted by fishstix on :
I got some more at .105 I am locked and loaded.
Posted by keithsan on :
glad some are in here, im expecting it to double.....
Posted by fishstix on :
Ken are you saying double from .10 ? That is where I have most of mine for sale at .20, great find I love these stocks that are slow and steady.
Posted by glassman on :
who the heck is Ken?.....LOL
i know, just giving barbies boyfriend a hard time...LOL
[This message has been edited by glassman (edited November 16, 2004).]
Posted by fishstix on :
Sorry I mean Keith, Ken is shorter to spell
Posted by keithsan on :
LOL- look fish, i honestly think .20 in a couple is feesable, the problem is, I dont' want crap from people if it dies out, but look at the chart....
predictions in stocks are a bad idea, i should probably go erase it, but, thats what i'm thinking right now...
look for som movement at EOD
Posted by keithsan on :
she running will break .13 easy....
Posted by fishstix on :
Today was way better than I expected I was hoping for a close over .11 and I sure got it and then some. looking good.
Posted by Raptorsrule on :
Seems to be losing a little ground thus far. Looks very similar to yesterday's trading in the AM.
What do ya think Keith?
Raptor
Posted by keithsan on :
seems to be consolidating some sitting on .12 today, i still think we will run.
if you notice my first post or so, i thought it may trade sideways a bit then. i'm holding expecting bigger profits....
Posted by keithsan on :
hmmmm......not playing the way i expected so far today. will be watching closely, want it to close above .12
Posted by fishstix on :
IMO it went up to fast yesterday I only expected to see .115 no Monday but we got a lot more. But from looking at the way L2 ended we are sitting on support now so we are ready to bounce again if it holds and the selling dires up.
Posted by fishstix on :
Also we closed above the 10 day MA so we are still good but if it breaks that it may see .10 again before it goes up again. JIMO
Posted by keithsan on :
hey fish not the close i wanted....honestly still in tho, feeling my way. if it dips i want to be out to buy again, but if it runs i want to be already in....
I had a eye on it and it looks like it might cross in two to three days. Overall we are in a uptrend but this could fall back to .10 very easy. I will be watching Thursday but if we hit .11 I will have a very hard time not selling.
Posted by keithsan on :
agreed
[This message has been edited by keithsan (edited November 17, 2004).]
Posted by *Mag* on :
SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) is pleased to announced today that WholesaleByUs, LLC (WBU) generated record one day sales and in only the 17th day of the month, STTC, has already generated more revenue than ever recorded in a 30 day period. Additionally, the Company has recorded more revenue in any one Quarter with another 43 days left to go.
The Company recently projected sales at $75,000 for November and then just about one week ago increased them to $110,000. These projections have now been increased more than 100% to more than $150,000. While there is only 12 days left to the month, sales could actually approach $200,000 in November. Based on this second increase in sales estimates, it is now expected that STTC will generate more than $400,000 in revenue for the 4th quarter of this year. This is a 50% increase from original estimates. If growth in daily sales continues, another upward revision to 4th quarter estimates will be made.
On Monday, WBU increased the products offered from 10,000 to approximately 20,000. Daily sales have actually grown a larger amount than management expected after this increase in products. If sales just hold constant through the end of the month, WBU will easily meet the new target of $150,000. However, it is expected that sales should increase as the month progresses. If daily sales do increase as expected, then another upward revision will be made. November sales will now exceed the initial projections STTC had set for December of $150,000.
It is also now expected that STTC could continue to increase sales every month through and into 2006. With this current increase in sales estimates, SoftNet Technology will shortly announce an increase in December projections. Just last week STTC increased December revenue figures 50% from $150,000 to $225,000. However, The Company is already on pace to generate more than $240,000 in sales in a 30-day span.
"Sales are now getting to a point that they are exceeding even our most aggressive projections," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "Management is at the point where we are no longer sure what the upward limit on sales could be in 2005 and 2006. It was great foresight for WBU to move to a new Facility in Phoenix, AZ in October. We are now able to handle any type of growth into and through 2005."
Posted by keithsan on :
looks like holding can pay off.....
Posted by fishstix on :
Sweeeeeeeet!!!!!
Posted by keithsan on :
yep
Posted by fishstix on :
This may sound odd but I don't want it to gain anymore today unless it is to break out. Slow and steady and we will not have another day like yesterday.
Posted by keithsan on :
be ready for the bounce off .15, i want a double, but that bounce should be worrisome
Posted by fishstix on :
Good call It did bounce off .15 twice this year. But I think it may be able to blow thru it. Also the 50 and 200 MA are going to cross Monday Like you mentioned. so madey the hardcore tech guys will jump in at that time.
Posted by keithsan on :
you gotta know when to hold-em
gotta know when to fole em...
whooooooooo c'mon double, if i get the right dip, i'm buying more for the monday gap!!!!
Posted by keithsan on :
.15 gone
Posted by FISHSITX on :
I wounder if that was the bounce off of .169 that we where waitng for? Will keep a eye on it for the rest of the day but feel the run maybe over.
Posted by FISHSITX on :
Did it bounce off the top of the Chennal this morning? I will keep a eye on it but may sell today.
Posted by keithsan on :
todays run may be over, still will cross and should gap monday am, expect a slow close on friday afternoon.
Posted by FISHSITX111111 on :
Bid support building at .155 good times
Posted by keithsan on :
that old resistance line of .15 is now our support. gapping monday!
Posted by fishstix on :
Up 71% from my first buy in.
Posted by Buckeye on :
quote:Originally posted by fishstix: Up 71% from my first buy in.
will double by the end of december,strong momentum in sales
Posted by keithsan on :
.186 si my double
good job holding fish
Posted by keithsan on :
RAPTOR, i get the feeling you sold to early or you'd be excited.....
just kidding as long as you made bank! Fish and I would be kicking ourselves if it tanked the other day.
Posted by *Mag* on :
I'm Very Excited!
Posted by keithsan on :
quote:Originally posted by *Magnetic*Microspheres*: I'm Very Excited!
LOL
Posted by Raptorsrule on :
Keith,
You busted me cold bubba....Wednesday's candle scared me off. &^%$#&!!!!!! I did make bank though and that's better than a loss anyday....Congrats to you and the others that held....Nice tradin'!....I just played this one too conservative but I'm learning LOL . I'm watching at this point...if it dips in the 12s I'll try again. Bet it won't though based on the confirmation it painted today.....looks like it wil head north to me.
Take a look at IMNY and BFLY for Monday....both look ready to run....BFLY had a nice bullish confirmation today on slightly better than average volume. I'm in at 2.38 and looking for the fours. This is a low floater...it moves quick...also look at the 1 yr chart...holidays are coming.
IMNY has posted two hammers in a down trend. Looks like a reversal is imminent (SP?). In at 1.42....hoping to continue the channel to the mid twos.
All IMHO and BOL to all.
Raptor
Posted by keithsan on :
hey RAPT, good job making bank! Don't get stuck with the bag. personally, i don't do candles. other than for suppor or resistance. others love it....
keep bankinG!
Posted by Raptorsrule on :
Thanks Keith...I'm curious...I've watched your picks for sometime now...you're good. If not the Candle T/A, what do you use to make your decisions?... MACD...Stos...??/
Just trying to learn...and TIA
Posted by keithsan on :
hmmmmm....i use a pink barbie 8 ball that my daughter owns, i find a stock, think about it, shake the ball, and buy or skip.
its awesome! [This message has been edited by keithsan (edited November 20, 2004).]
[This message has been edited by keithsan (edited November 20, 2004).]
Posted by Raptorsrule on :
On what?...I'm on this board LOL....
What's up?
Posted by keithsan on :
[This message has been edited by keithsan (edited November 20, 2004).]
Posted by Raptorsrule on :
You've got mail...
Posted by Raptorsrule on :
Thanks
[This message has been edited by Raptorsrule (edited November 20, 2004).]
Posted by keithsan on :
........and then we hit .25 whooooo
ok its saturday, but i'm getting ready.
[This message has been edited by keithsan (edited November 20, 2004).]
Posted by fishstix on :
I am looking to sell half at .20 if/when we get there and see where it goes from their with the other half.
And Rapt I kept a eye on the chennel and since it did't break that it made it easier to hold. But bank is better than nothing I could talk all day about not taking bank and losing in the end, it is always much safer to take your gains while you can. Which is something I am still learning.
Great close today here Monday should be fun to bad I will be at work all day.
Posted by Raptorsrule on :
Fish....Good eye....I freaked out on the candlestick and forgot to look at the channel. Again Nice trading....
Posted by fishstix on :
Raptor I have been trying to make heads or tails out of stocks since January and the reason I am down is because I didn't sell when I had a nice profit. Or I got board and sold early, MBAH is one that I had at .035 and sold the morning it started to take off. And Qbid I sold 2 weeks before the 10 bagger run. Just learn to use the TA and talk with traders like Keith who really know their stuff and you will catch on sooner or later. Also go to diffrent boards and get diffrent points of views on trading. you will never go broke taking a profit.
Posted by fishstix on :
Looking at the chart and drawing some lines we could bounce off of the top of the chennal Monday and then head back down to the lower part of the chennal. So if it stalls out Monday I am selling off and hoping to get back in lower. Anyone else think this? On the otherhand if we see news Monday it could bust through the top of the chennal and who knows where it will go.
Posted by fishstix on :
KEITH where did you find this stock? Or have you been trackingit for a while?
Posted by Raptorsrule on :
fish....I agree with your assesment of the chart.the CMF is looking good as well...sorry but I'm hoping for a dip LOL....
Seriously though...good luck...it's looking good.
Raptor
[This message has been edited by Raptorsrule (edited November 21, 2004).]
Posted by tigertony on :
Thanks keith, have'nt been able to be around and you find a gem.LOL Good job keep banking.
Posted by keithsan on :
News out!
Posted by Raptorsrule on :
News......wish I was in dang it!
Good luck y'all
Raptor
SoftNet Technology Increases December and 4th Quarter Projections by 100% - Today Will File 10Q for 3rd Quarter 2004 Business Wire - November 22, 2004 09:01
BERNARDSVILLE, N.J., Nov 22, 2004 (BUSINESS WIRE) -- SoftNet Technology (OTCBB Symbol:STTC) (German WKN#: A0B7RZ) is pleased to announce today that WholesaleByUs, LLC (WBU) has increased daily sales enough for the Company to increase projected sales for December 100% from $150,000 to $300,000. 4th quarter projections are also being increased from $250,000 to approximately $500,000.
The Company originally projected sales at $75,000 for November and then just about one week ago increased them for a second time to $150,000. Based on past performance, sales in December are expected to approximately double November sales. However, STTC management wanted to wait at least a few days after increasing the November figures to see if sales held form before committing to an increase for December to $300,000.
Based on this second increase in sales estimates, it is now expected that STTC will generate approximately $500,000 in revenue for the 4th quarter of this year. This is approximately a 100% increase from original estimates. This increase will also represent almost a 700% increase over revenue of approximately $71,000 generated in the 3rd quarter of 2004.
Third quarter sales were slightly lower than expected due to the move to a new facility in Phoenix, Arizona in September of this year. However, this move has enabled WBU to outperform all original sales estimates here in the 4th quarter. STTC management is in the process of adjusting original projections of $3,000,000 for the 2005 fiscal year upwards. STTC will provide revised expectations for 2005 once these new estimates can be generated from the continued flow of revenue data.
SoftNet Technology is also in the process of putting in place new procedures that should enable for a much quicker filing of the year-end 10K. The Company will attempt to have the 10K filed by the end of January. STTC Management wants the financial information given to the market as quickly as possible due to the large increase in operating revenue experienced in the fourth quarter. These quicker filings are expected to be the norm for STTC going forward.
Please visit our website at www.softnettechnology.com for more information or 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.
Copyright (C) 2004 Business Wire. All rights reserved.
Posted by keithsan on :
i took my ball and i'm going home....
shy of the double..
Posted by Raptorsrule on :
Looks like a good trade......
Posted by zad on :
What is happening? Why going down while there was good news this morning
Posted by keithsan on :
thx raptorman
the news was expected and they can't run forever.
Posted by Buckeye on :
quote:Originally posted by keithsan: thx raptorman
the news was expected and they can't run forever.
that stock will run much higher!
Posted by fishstix on :
I am going to exit in the morning and may get back in when it goes lower.
Posted by keithsan on :
quote:Originally posted by vincent: that stock will run much higher!
i'm not saying it won't, i played it as a swing and it has swung, good luck
Posted by *Mag* on :
Out For Now....
Posted by fishstix on :
Got out this morning at .165 not a bad trade at all.
Posted by keithsan on :
this is moving again.
Posted by Buckeye on :
and it's far from over. should go between 0.25 - 0.30$ by year-end
Posted by keithsan on :
new 52 week high today.
Posted by fisshstix on :
I will be looking to load the baod at .13 if we get there.
Posted by keithsan on :
2004-12-01 14:05:04 SoftNet Technology Subsidiary, WholesaleByUs, LLC, Experiences Better Than Expected Increase In Sales During The Start Of The Holiday Season Business Editors
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Dec. 1, 2004-- SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) is pleased to announce today that WholesaleByUs, LLC (WBU) has seen a better than expected increase in daily sales for the start of the holiday season. WBU's actual sales meets projected sales figures for the month of November. But, early indications are that December should be stronger than expected. WBU was expecting sales for the first 15 days of December to average $8,000 to $9,000 with an increase to over $10,000 for the second half of the month. Based on these figures, sales for the month of December had been projected at $300,000. However, sales on Tuesday exceeded $14,000. Management is very optimistic about the continued increase in sales into and through the end of the year. An increase in Sales projections for December will be made only after daily sales continue to stay strong for a period of time. "Sales continue to increase and be stronger than management expected," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "December looks to be very strong. New expansion plans appear ready to occur sooner than expected as well. The sooner we implement the new revenue generating systems online, the quicker sales will grow." Please visit our website at www.softnettechnology.com for more information or 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.
KEYWORD: EUROPE NORTH AMERICA NEW JERSEY UNITED STATES GERMANY INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SOURCE: SoftNet Technology
CONTACT INFORMATION: SoftNet Technology James M. Farinella, 866-898-4842 (local - 908-204-9911) www.softnettechnology.com
[This message has been edited by keithsan (edited December 01, 2004).]
Posted by keithsan on :
thx for the news PHOENIX!!!!
news today! (obviously).
also insider buying on the 30th for 25,000 shares at .17, i was trying to point it out to a friend and they cut me off....
should be a solid week.
Posted by fishstix on :
Keith I am waiting bit longer to get back in I think it will drop to the bottom of the chennel. but L2 looks solid so it might not. the news today is typical of what we see before the stock goes down. I will watch it close but there is no doubt I want back in sometime soon.
Posted by keithsan on :
i am surprised by the bid dip going right now, looking at playing the bounce back up, not sure yet though.
Posted by fishstix on :
anything bellow .13 I am buying.
Posted by keithsan on :
called that dip but didn't play it....
could've been in .132 bid is now .15 would've been a nice 2 cent play. dips are hard while working though...
Posted by newbravado on :
quote:Originally posted by keithsan: called that dip but didn't play it....
could've been in .132 bid is now .15 would've been a nice 2 cent play. dips are hard while working though...
Posted by newbravado on :
Hello all, New to this board. I sold off as soon as it hit .15, then watched the show. I tried to buy back in at .134 with no luck, I finally got in at .142 with not even half my order filled. I think todays action may curtail the profit taking/panic selling. I dont think we'll see .130 tomorrow, thats my guess. Good Luck
Posted by keithsan on :
now i really wish i caught that dip....
Posted by fishstix on :
Looks like it is dipping again time to load up if we see .13 or below
Posted by fishstix on :
Sorry about I just drew a line and .14 is my target entry anything below is a steal IMO
Posted by newbravado on :
I still dont have what I used to after that fiasco last week. I got robbed of my shares but this has taught me a valueable lesson. When the stock starts moving, you can easily get ran over by the freight train. Good Luck.
Posted by fishstix on :
Just got some at .145. I thing .14 is the bottom this time around.
Posted by newbravado on :
I've been buying and selling like a madman the last couple of weeks. I really hate doing that. I start out with a plan, but mostly it just resolves itself to churning my account. My broker and Uncle Sam are making money. bought in another 10k at .14 Crude oil prices have also caused my account to churn. Black gold, Texas tea.
Posted by fishstix on :
NEW
Ouch I am just going buy the channel. wednessday will tell me if I made a good choice buying in today if there is no bounce by Thursday mid-day I am out of here. but I expect a PR by then.
Posted by fishstix on :
bounced today see if it continues.
Posted by newbravado on :
Looking at the long term chart, we need to break over .20c If the Company is performing as well as they claim, we should be able to soon. (no promises) I dipped into my funny money and picked up a few more shares for posterity.
Now I have more shares than my Buddy, looks like he'll have to pick up the pace.
Posted by andrew_unknown on :
Hey Everyone - Was doing a bit of DD and noticed you all have an STTC board going here.
A question came up on RB that one of you might be be able to answer: How many shares have been sold into the open market this year and last? Also, how many shares has STTC issued this quarter. In case you have some feedback, please stop by the STTC board on RB (ragingbull.lycos.com).
Thanks,
Andrew_Unknown
[This message has been edited by Bob Frey (edited December 09, 2004).]
Posted by newbravado on :
That info will take some digging, I dont know offhand how many shares, if any were added over this last year, but you can bet now that I'm "in" I'll be watching for that kind of thing. If they decided in the future to dump more shares on the market, I'd bet the CEO wouldn't be buying if you know what I mean. He wouldn't shoot himself in the foot? ...or Would he? You may be able to find the info your looking for here... http://www.otcbb.com/asp/Info_Center.asp Look under filings, and good luck.
Posted by fishstix on :
Firdt off get registered. Also if they are making the king of money they claim to be in the PR's there should be no reason to sell stock. Float is not bad and of course they had to sell some shares last quarter. Follow this link then you will not look dumb when the info is so easy to find. For God sakes it is not a pink. http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000051387&owner=include
quote:Originally posted by andrew_unknown: Hey Everyone - Was doing a bit of DD and noticed you all have an STTC board going here.
A question came up on RB that one of you might be be able to answer: How many shares have been sold into the open market this year and last? Also, how many shares has STTC issued this quarter. In case you have some feedback, please stop by the STTC board on RB (ragingbull.lycos.com).
Thanks,
Andrew_Unknown
[This message has been edited by Bob Frey (edited December 09, 2004).]
Posted by newbravado on :
STTC share price is trailing off. We need some concrete numbers that will attract investors. At some time I'll pick up another 5k, then I'll have as much as I care to hold.
Investors get bored easily and go looking for the next exciting thing.
Posted by keithsan on :
STTC Wholly Owned Subsidiary, WholesaleByUs, Begins Selling On Yahoo.com Tuesday December 28, 10:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Dec. 28, 2004--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced that WholesaleByUs (WBU) today expanded product Distribution to Yahoo.com. Sales and the gross profit for WBU, in the first quarter of 2005, are now expected to be significantly higher than previous estimates.
Posted by keithsan on :
news with yahoo is a big deal, i'm not in yet.....
its playing like people expected better news.
Posted by keithsan on :
I'm, in now:
SoftNet Technology Wholly Owned Subsidiary, WholesaleByUs, Sets up New Customer Service Department - CEO Buys More Shares of STTC Wednesday December 29, 10:34 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Dec. 29, 2004--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced that WholesaleByUs (WBU) put into place a new customer service department in preparation for the New Year. Additionally, SoftNet CEO continues his purchase of STTC shares in the open market at prices as high as $.165. Last week, new workers were added to build sales through the addition of new products and new portals. In preparation for this expected jump in growth, WBU added another person just to handle customer service for customers who buy products through the WBU system. Even though most of the sales are transacted through third party portals such as EBay.com and now Yahoo.com, STTC wants to make sure that WBU provides for the best customer care possible.
Back in October of this year, WBU moved to a new facility in Arizona to be able to handle growth going into 2006 and beyond. The customer care center was set up now to be fully operational in the first week of January 2005 because sales in the first quarter of 2005 should far outpace the 4th quarter holiday season of 2004 that is just coming to a close. Sales expanded much quicker than expected over the past 3 months and look to accelerate even faster in 2005. It was for this reason that the company added these new procedures and customer care service center now so as not to have an interruption in sales and service later.
"I continued my purchases of STTC stock this past week because of what I see as possible going into 2005 and 2006," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "It is exciting to know that we have just added so many new procedures that will be in place shortly that should have a major effect on our growth going forward."
Posted by keithsan on :
this has been consolidating and looking to bounce off 50 DMA
never gonna make that 50 dma
[This message has been edited by keithsan (edited December 29, 2004).]
Posted by keithsan on :
wall at 16 was 8, down to 4 hoping to knock it down today but not a lot of pressure yet.
Posted by keithsan on :
I added some more here, goal is .2 for next week, this seems to be a shake out, hope i'm right
Posted by keithsan on :
ahhhhh back to the upward movemenet whoooooo
Posted by newbravado on :
I wont be able to purchase any shares of STTC for a while, I just picked up 20k of APXR, and 400 shares of IIIN, with my remaining cash. I feel like a poker player thats "all in"
Posted by keithsan on :
SoftNet Technology Begins Expansion of Wholesalebyus To European Market Monday January 3, 2:30 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Jan. 3, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) today announces the expansion of Wholesalebyus (WBU) to the European Market. Shipping of the products sold will initially be sent from the United States. WBU is in the process of finalizing an arrangement with one of the major express shipping companies for distribution from the USA to Europe. The new personnel that were recently hired by WBU will be working to list the different products already for sale in the United States for sale on the different URL's in the different countries in Europe. A start date for actual sales to be realized is expected in the next few weeks. In time, a new website with the .de will be setup for access by German customers. Likewise, additional websites (such as .uk for the United Kingdom) will be setup for all the different countries in Europe.
In the meantime, all necessary technical details are being put into place for sales of products from the European Union to consumers of the European Union. These sales will be run through the Frankfurt based Subsidiary from a fulfillment center set up by the Subsidiary in Frankfurt, Germany. Holtermann & Team GmbH is in the process of changing It's name and financial year-end from March 31 to December 31. The new name of the German subsidiary will be released to the public when the name change has been approved.
The expansion to Germany and Europe is expected to yield great results due to the extensive contacts developed by the Managing Director of STTC's German Subsidiary. Much of the setup work has been completed at this point. In fact, there are already numerous businesses that currently will provide product for WBU in Europe. It is expected that once sales begin overseas that additional countries will be added at a rather quick pace.
Posted by newbravado on :
Picked up 5k more STTC today. Still keeping my eye on the steel industry that is expected to do well again this year.
Posted by keithsan on :
looks like the start of a breakout today
Posted by keithsan on :
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Press Release Source: SoftNet Technology
STTC Subsidiary, Wholesalebyus, Signs National and International Shipping Deal with DHL Friday January 7, 3:49 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Jan. 7, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) wholly-owned subsidiary, Wholesalebyus (WBU), today announces the signing of a new exclusive shipping arrangement with DHL for the shipment of goods purchased through the WBU system. The shipping arrangement is for both the United States and Internationally. This final hurdle clears the way for sales to actually begin in international markets. DHL ships to well over 200 different countries. This aggressive pricing plan entered into with DHL was instrumental in many ways. Specifically, DHL was able to provide such fantastic pricing that WBU will not only be able to compete pricing wise in Europe, but will actually have a competitive advantage. To make the purchase of products through the WBU system even more attractive, WBU will cover all broker fees for products shipped to Europe.
Domestically, this shipping deal means many things to WBU and the customer. Products will reach the customer much quicker than before. Secondly, WBU drastically improves profitability through lower shipping costs. Through this aggressive pricing plan, DHL has even agreed to provide some of the shipping supplies necessary for delivery of the goods to the customer. Again, this further increases the profitability of WBU. DHL is able to provide WBU better pricing than all of the other express shippers and even the post office.
"To be associated with such a reputable shipping company like DHL is really special," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "With the Marketing plan and shipping and distribution in place, STTC is really poised for a special year. Sales should explode more than anyone ever
Posted by keithsan on :
broke 52 week high, hope your still holding
Posted by newbravado on :
I'm holding onto these shares with a white knuckle death grip. STTC seems to be making it happen, and could possibly go bigtime. I'll be there if it does. I did pick up a couple thousand shares of SVSE, just to put away in the vault.
Posted by keithsan on :
playing nice this morning
Posted by keithsan on :
Still holding from last time i thought it would run and it didn't....
paying off today though.
Posted by newbravado on :
Breakout to a 2 year high. It's not like we haven't been preaching this stock on the allstock board. Picked up more shares this morning. This may only be the beginning.
Posted by Phrogger on :
Some good news for STTC:
SoftNet announced today the expansion of Wholesalebyus (WBU) to the European Market. The 11 Countries that sales have initiated include: The Untied Kingdom, Spain, Sweden, Switzerland, Netherlands, Italy, Ireland, Germany, France, Belgium and Austria. The company stated that with "the new personnel that was recently hired by WBU and with the advanced technology that was added, STTC should not only meet, but also easily surpass the $6,000,000 in projected sales for 2005."
Posted by keithsan on :
SoftNet Technology Changes Name of German Subsidiary to SoftNet International GmbH and Begins Aggressive Expansion Tuesday January 25, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Jan. 25, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) today announces that the German Subsidiary Holtermann & Team GmbH has officially changed its name to SoftNet International GmbH and begins large-scale setup of sales for suppliers of products from Europe. Additionally, SoftNet International changes its fiscal year-end from March 31 to December 31 to be consistent with the whole company. WBU is in the process of finalizing arrangements with several major European manufacturers and suppliers for distribution of products from Europe to Europe. More than 150,000 products will be sold through SoftNet International from just the few suppliers that the German subsidiary is finalizing sales agreements with. These sales will be run through the Frankfurt based Subsidiary from a fulfillment center based in Frankfurt
Posted by cruz on :
Looks like this stock is set to take off!
Posted by newbravado on :
In another 1k shares STTC. Also continuing to accumulate SVSE, GGR and APXR.
Posted by keithsan on :
nice news today
STTC Wholly Owned Subsidiary, WholesaleByUs, Expands Distribution to BizRate.com - CEO Purchases More Shares in the Open Market Monday January 31, 3:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Jan. 31, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU) expanded product distribution to www.bizrate.com. On Thursday of last week, the CEO purchased an additional 38,300 shares as high as $.22 a share. He has now purchased about 100,000 shares in the month of January. BizRate.com has developed one of the most powerful shopping search engines known as shopzilla. This shopping search engine directs buyers to a list of vendors and products that a consumer is looking for. Then the consumer makes his/her purchase directly from a vendor's shopping site. BizRate makes money by charging for each click through to the vendor's shopping site. WBU has experienced a very high amount of traffic in just the few days that WBU has been listing through BizRate.
Sales in the past week have begun to expand at an accelerated rate. It has been about 30 days since the aggressive expansion to new portals began in late December 2004. It normally takes 30 to 45 days to see a jump in sales after certain portals and new products are added. It also now appears that WBU's 1st quarter 2005 revenues will surpass 4th quarter 2004 holiday revenues.
Revenues should continue to increase at a quickened pace, in the coming months from all the new portals that were added in the past month. Then an additional increase in revenue should be realized as TVA Productions starts the Marketing Blitz in the coming weeks for SoftNet Technology. New additions and adjustments to the WBU website will also contribute to the growth. More products are expected to be added in the coming months as well.
"The same things that I began to see happening in October and November for WBU are now happening again but on a much larger scale," stated Mr. James M. Farinella, CEO/President of SoftNet Technology. "We have expanded our operations at a tremendous rate. I continue to see more and more potential for the future of SoftNet Technology and our subsidiaries."
Please visit our website at www.softnettechnologycorp.com for more information or call the company directly at 866-898-4842 (local - 908-204-9911).
Posted by newbravado on :
Slow it down people, I dont have a 100,000 shares yet.
Posted by abram on :
I just went thru all their filings. Very impressive! Paid for consultanting with shares , but turned around , and paid with cash, cancelling the shares used. Also used shares to get several loans , but shortly afterward paid back the loans and cancelled the shares. And all the while purchasing their own stock. Please don't let this take off without me.lol Posted by keithsan on :
when she moves she move....
Posted by newbravado on :
Another new high. Speculation fever on STTC. I'm holding long term. Too bad for those that sold off last week at .20c Why sell off when it's rocking? I didn't expect it to take off for another couple of weeks. Good Luck.
Posted by JoeMillion on :
Wow! Great Stock!
Joe
Posted by keithsan on :
SoftNet Technology Subsidiary, WholesaleByUs, Launches Co-Branding Program Tuesday February 8, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Feb. 8, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU) expanded operations this week to include a new procedure called Co-Branding. This allows other companies and even individuals to use the WholesaleByUs software to sell WBU or their own products through the WBU system. WBU will set up the Co-Brander with an account on the WBU System and provide the Co-Brander with a list of the currently available products. By next week, WBU will have setup and operational more than 10 Co-Branders. The company or individual (Co-Brander) will be free to upload the WBU products through the WBU system and onto other portals as well. Because of the volume of sales that will be run through WBU, the Co-Brander will be able to sell these products at a discount to what the Co-Brander would otherwise be able to sell the products for on their own. All fulfillment will be handled by WBU.
Additionally, this will allow Co-Branders to upload and offer their own products for sale through the WBU system. The benefit to the Co-Brander is that as they upload products into the WBU system, they will instantaneously be selling their products through numerous portals here in the United States and Internationally. WBU will be providing the largest and widest coverage and distribution on the Internet for individuals and companies
Posted by keithsan on :
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Press Release Source: SoftNet Technology
SoftNet Technology Strengthens Core Business - Acquires Atlanta, Georgia Based Indigo Technology Services Tuesday February 22, 2:30 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Feb. 22, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today the acquisition of Atlanta, Georgia based Indigo Technology Services (Indigo). The acquisition was finalized this morning making Indigo a wholly owned subsidiary of SoftNet Technology. This acquisition further strengthens STTC's core business focusing on Software and Technology
Posted by newbravado on :
A much better fit for Indigo than Xynergy Corp. a pink sheet, cosmetics and do-dads holding company. If it helps out STTC great. I hope it does. I hope it's a smart move and management put a little thought into it. I can only hope.
Posted by keithsan on :
STTC Subsidiary, WholesaleByUs, Adds A Library Of 400,000 Music And Movie Products - Adds New Credit Card Processing On WBU Website Thursday March 3, 10:01 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--March 3, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) today announced that wholly owned subsidiary, WholesaleByUs, LLC (WBU), added a library of about 400,000 film/movie and music DVD, CD, Cassette and VHS products. WBU, which has only used PayPal to date to transact business over the internet, added a new shopping cart to include Visa and Master Card for the purchase of products on the WBU website
Posted by keithsan on :
looks ready to pop again....
SoftNet Subsidiary, Indigo, Signs 2-Year Master Consulting Agreement and Is Awarded Contracts for Internet Support of 5 More Hotels Monday March 7, 3:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--March 7, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that wholly owned subsidiary, Indigo Technology Services (Indigo), has signed a 2-year master consulting contract with Atlanta, GA-based Pearlnet, LLC, a software development and networking company. Indigo also signed agreements to provide Internet support services for 5 new hotels. Pearlnet has been awarded a multi-million dollar contract for the cabling and network development for the State of Georgia. Indigo will be supplying Pearlnet with Cabling and network engineers to help Pearlnet Staff up for the State contract. It is expected that Indigo will be placing the first IT consultant with Pearlnet this week. In time, this 2-year contract should more than double the current revenue and earnings of Indigo. Additionally, this further builds Indigo's relationships and should lead to more IT work in the future.
Posted by newbravado on :
More good news, with no effect. STTC is going to need to prove itself over the next couple of quarters. When and if STTC shows the investment community that it is the real McCoy, this stock will move fast. Thats my opinion. I'm still holding since I believe the Company is moving in the right direction. Good luck all.
Posted by keithsan on :
STTC Subsidiary, WholesaleByUs, Expands Product Distribution To Price Grabber.com And Adds Several More Co-Branders Wednesday March 9, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--March 9, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU) expanded product Distribution to www.pricegrabber.com. WBU further added to the number of co-branders. This portal continues the rapid expansion of WBU now that the technology and procedure changes are in place. Within one week, all 400,000 plus products will be placed through www.pricegrabber.com. Price grabber.com has16 million unique visitors per month visit their website. Pricegrabber also has the best conversion rates in the industry. Additionally, by listing through pricegrabber.com, WBU will in essence be listing through 200 more portals. This further expands the wide array of distribution for suppliers who want to sell their products on the Internet through WBU.
Posted by keithsan on :
10Q filed today and it moved well off it, i haven't read yet.....
Posted by keithsan on :
this news looks perty big :0
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Press Release Source: SoftNet Technology
SoftNet Technology Signs Letter Of Intent To Acquire Atlanta, Georgia Based Net Centric Solutions, Inc. Monday April 25, 10:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--April 25, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today the signing of a letter of intent to acquire Atlanta, Georgia based Net Centric Solutions (NCS) for 3 Million shares of SoftNet Technology. NCS will actually be merged into STTC subsidiary, Indigo Technology Services (Indigo), with Indigo remaining as the surviving entity. SoftNet Technology will remain with 4 wholly owned subsidiaries. The core points of the acquisition have been agreed and the transaction is expected to close in the next few weeks with the effective date being the beginning of the 2nd quarter (April 1, 2005). NCS is a Microsoft Certified Partner and also maintains vendor certifications with other software, computer and Information Technology companies. NCS's core business focuses on 3 main areas: Microsoft Enterprise Consulting, Server Management and Online Solutions for Small Businesses. This puts NCS in a very strong position to advance the current and future Business operations of SoftNet Technology.
Microsoft Enterprise Consulting, the first specialty of NCS, is the integration of the most effective Microsoft products and software into client businesses to further the business objectives, efficiency and operations of client companies to ultimately increase sales and profitability. Server Management, the second core specialty of NCS, is where client companies pay a monthly fee and entrust NCS to continually monitor the server functions to make sure the servers and related components are running at the most efficient and optimal levels possible.
The last core specialty of NCS - Online Solutions For Small Businesses, is where a client company is not yet ready for an IT consulting department and may not be ready to spend the resources for their own servers. NCS will then host the servers and technology for these small businesses to help these client companies run in the most efficient manner possible to reach the highest level of profitability. NCS product lines include but are not limited to: Hosted Microsoft Products, Online Backups, Hosting and Custom Application Development.
Please visit our website at www.softnettechnology.com for more information or call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella, CEO.
Posted by keithsan on :
SoftNet Technology Generates Record Sales for the Month of April Wednesday May 4, 8:55 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--May 4, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce today that Softnet has generated more revenue than ever recorded in a 30-day period for the month of April. Wholly owned subsidiaries Indigo Technology Services (Indigo) and WholesaleByUs (WBU) have combine to continue the accelerated growth of SoftNet. Indigo expects to accelerate monthly revenue at an accelerated pace through the end of this year with the addition of NetCentric Solutions. WBU also continues to accelerate sales. Each of these two subsidiaries will, by far, generate their best revenues here in the 2nd quarter. Indigo has already Identified several new growth areas for the Company and anticipated this second quarter to be a period in time when Indigo makes a major leap forward as a company
WBU has added live customer support through the Internet and by telephone as well. The WBU website has been drastically changed in the number and variety of categories and subcategories for the products being sold. SoftNet International GmbH is uploading products into the European WBU System in preparation of turning the WBU System live in foreign countries with products for sale from those foreign jurisdictions. The European System is expected to be turned live and begin sales in the near future.
"As we enter each quarter, I seem to get very excited about the prospects," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "However, this second quarter is just going to blow away anything that Softnet has ever accomplished before."
Posted by keithsan on :
SoftNet Subsidiary, Indigo, Is Selected By PearlNet LLC As A Strategic Partner To Fulfill Major Governmental and Commercial Contracts Friday May 6, 3:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--May 6, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that Atlanta, Georgia based PearlNet LLC has entered into a Strategic Alliance with SoftNet Technology wholly owned subsidiary, Indigo Technology Services (Indigo). The relationship is expected to yield large increases in revenue for both companies. PearlNet has selected Indigo as a Strategic Partner in supporting their efforts to provide complete network infrastructure services to both Governmental and Commercial Clients. PearlNet's President selected Indigo over several other firms based on Indigo's proven track record of providing skilled resources. PearlNet has established itself as a leader in the Southeast United States over the last 10 years for providing quality infrastructure services and has secured several large multi-year projects for which Indigo will be a key resource.
Through aggressive marketing and sales efforts, PearlNet has experienced astronomical growth, exceeding total 2004 revenue in just the first quarter of 2005. Revenues for PearlNet are expected to exceed $8,000,000 for fiscal year 2005. The Strategic Alliance between PearlNet and Indigo is expected to provide continued and accelerated growth for many years. This partnership is expected to yield a minimum 75% increase in revenues year to year for Indigo Technology Services.
Posted by glassman on :
i hate it when they put these out at the end of the day on Fri....
what were they thinking? if they don't re-release it on Mon morning? they need to hire a new PR guy...
Posted by keithsan on :
your just mad cuz you take friday afternoons off.
Posted by keithsan on :
thought this would play better today
Posted by keithsan on :
SoftNet Subsidiary, Indigo, Signs 3 New Contracts And Assists in Disaster Recovery of An Exchange 2003 E-mail Infrastructure Monday May 9, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--May 9, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that wholly owned subsidiary, Indigo Technology Services (Indigo), signed 3 new maintenance contracts with clients to monitor their servers, provide technology management and support. They have entered into a contract with GleedsUsa to manage their IT infrastructure, provide ongoing technology consulting and provide disaster recovery solutions.
Posted by keithsan on :
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--May 31, 2005--SoftNet Technology (OTCBB Symbol:STTC - News; German WKN#: A0B7RZ) is pleased to announce today that Softnet has generated Its best ever Quarter in revenue with the month of June still left. Sales in less than the first 60 days of the second quarter have surged past $300,000 compared to the $234,000 for all of the first quarter of 2004. The $300,000 plus in sales for SoftNet is estimated and not reviewed by the Company Auditors, but should not vary more than a few thousand dollars. This $300,000 plus figure also includes only revenue that will be counted for reporting purposes with our quarterly reports. Total Internet sales (not just product shipped) for WholeSaleByUs (WBU) would take this number much higher if counted. Indigo is also seeing a surge in sales, which is significant due to the high profit margins of their business model.
Posted by diane on :
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