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[QUOTE]Originally posted by keithsan: [QB] this news looks perty big :0 Welcome, keithsan2001 [Sign Out] My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup 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 [URL=http://www.softnettechnology.com]www.softnettechnology.com[/URL] for more information or call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella, CEO. [/QB][/QUOTE]
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