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[QUOTE]Originally posted by keithsan: [QB] 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. [/QB][/QUOTE]
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