SoftNet Technology Announces New Clients, Expanded North American Presence
Monday , October 01, 2007 16:01ET
ISELIN, N.J., Oct. 1, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN: TG6) announced today that it had secured several new clients, expanded its North American presence and continued optimism for future record breaking growth.
The Company secured new services agreements and engagements from a European based Network Management Company, for service to be supplied in the U.S., and a VAR with extensive contracts in the lucrative government sector. Additionally, the Company was successful in capturing new, incremental, engagements in Canada.
"This is great news for SoftNet as it is an indication of future revenue. Through these new clients, and existing ones, the Company already has five new projects beginning in October. In addition, the Company is close to securing new clients with anticipated agreements pending final approval over the next few weeks," said Jim Booth-CEO.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, or Jim Booth-CEO, option 7.
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 obligation 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.
Looking to see some real #'s and a TA that will communicate share structure Joe. I would only play this from a ta standpoint ~ nothing more imo.
guess no one checked this. The MAJOR BUY was $37.50. lol Class A Common 09/20/2007 09/20/2007 P 5,000 A $0.0075
just be careful where you draw your lines with this one imo.
tmanfromtexas
posted
STTC plans on having a reverse split as well according to an email I received from Booth. I dont know when but I think it was talked about on the old STTC thread. TMAN...
posted
at .0185/.02 .... up 42.9% !! I'm out .... GLTA
BooDog
posted
Nice Joe... Congrats.
Average Joe
posted
quote:Originally posted by BooDog: Nice Joe... Congrats.
Thanks .... I " ate my greens " !!
super_nova777
posted
GLTA
Symbol Name Expiration Date STTC Softnet Technology Corp
TTGG T & G2 08/04/2004 IMCT International Mercantile Corporation New (1-8 R/S) 03/01/2002 IMTT International Mercantile Corporation New (1-11 R/S) 02/21/2002 IMTE Intl Mercantile Corp New 07/12/2001 IMTL International Mercantile Corp 08/11/2000 IMTLE International Mercantile Corp 12/16/1999 IMTL International Merchantile Corp 12/10/1999
Average Joe
posted
at .022/.023 .... up 64.3% !! I got out earlier, hope some of you guys are still in .... GLTA
super_nova777
posted
Out at 0.022
GLTA
Average Joe
posted
just printed .024 .... up 71.4% !!
Average Joe
posted
.025 .... up 78.6% !!
tmanfromtexas
posted
Great call joe on bringing this back to the front. I figured this was gonna die on the vine but ya never know about the micros. TMAN...
BooDog
posted
I averaged out of this one too. lol.
super_nova777
posted
I am thinking of getting back in. Any thoughts ?
Average Joe
posted
news just out !!
SoftNet Technology Attains Monthly Profit for First Time
Thursday , October 04, 2007 10:00ET
ISELIN, N.J., Oct. 4, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (XETRA:TG6) (WKN:A0B7RZ) announced today that, in August 2007, it had achieved profitability for the first time.
On an unaudited basis, the Company reported revenues of $908,000 in August, a monthly record. The Company achieved a significant milestone in August when it recorded its first profit on an operating basis.
"The Company is proud of this achievement and it was attained through the efforts of all employees. The cost containment, SG&A reductions and profit improvement plans, coupled with strong revenues, are starting to yield the expected results. August was a long month with a higher than normal number of billing days. Our next challenge will be to continue to leverage the fixed costs through higher revenues for months with lower billing days," said Jim Booth - CEO.
SoftNet Technology Corp. is a Professional Services firm offering proven technology solutions to the enterprise and services provider market verticals. Through process and people, SoftNet has secured and delivered contracted solutions that maximize their client's business value of their IT infrastructure investments. The growing team of highly qualified industry leading professional support the core deliverables as well as the expansion of SoftNet's services and solutions. These resources along with the proven management team have defined and brought to market nine practices specialties. SoftNet's North American footprint supports Fortune 500 commercial accounts, the education sector and Government agencies, and leveraging offices in New York/New Jersey, Philadelphia, and Atlanta.
For additional information regarding SoftNet and its capabilities and offerings, please visit us at our website (www.softnettechnology.com), or for Investor Relations, please contact the company directly at 908-212-1799, Option 7, or Jim Booth - 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.
-------------------------------------------------------------------------------- CONTACT: SoftNet Technology Corporation Investor Relations James Booth, CEO 908-212-1799, option 7 http://www.softnettechnology.com
Average Joe
posted
.02/.022 .... up 10.5% !!
Average Joe
posted
hit .022 .... up 15.8% !!
Average Joe
posted
at .023 .... up 21% !!
Average Joe
posted
Good volume today .... up almost 1200% !! PPS up 11% .... could be something in the works .... imho
Average Joe
posted
volume up 1900% now .... watch for news .... imho
Average Joe
posted
STTC ( .0071 )
SoftNet Technology Secures Engagements With Prestigious Financial Institutions
Friday , December 14, 2007 16:01ET
ISELIN, N.J., Dec. 14, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:TG6) announced today it had secured two engagements with global financial institutions headquartered in NYC.
The new engagements represent a major breakthrough in the Company's new Application Delivery Practice. It is estimated that the two new engagements will result in nearly $500,000 of incremental revenue in 2008. One engagement started in December with the second being launched in January.
"These two new engagements now bring the total of secured projects in the new Application Delivery practice to three in the last few months. The first was with a major media company, also based in New York. Given the lead time required to secure engagements in this practice we are very pleased to have achieved the level of business secured to date. We also anticipate that the initial engagements will eventually lead to additional work as the projects progress," said Kevin Remley - VP - National Application Delivery Practice.
"The Company is excited about the new business the Practice has generated. The revenue we expect will help to offset the loss related to the divestiture of accounts associated with the former Atlanta based small business unit. Additionally, the margins on these new projects is considerably higher than those recorded in the former small business unit," said Jim Booth - CEO.
SoftNet Technology Corp. is a Professional Services firm offering proven technology solutions to the enterprise and services provider market verticals. Through process and people, SoftNet has secured and delivered contracted solutions that maximize their client's business value of their IT infrastructure investments. The growing team of highly qualified industry leading professionals support the core deliverables as well as the expansion of SoftNet's services and solutions. These resources along with the proven management team have defined and brought to market nine practice specialties. SoftNet's North American footprint supports Fortune 500 commercial accounts, the education sector and Government agencies, and leveraging offices in New York/New Jersey, Philadelphia, and Atlanta.
For additional information regarding SoftNet and its capabilities and offerings, please visit us at our web-site (www.softnettechnology.com) or for Investor Relations, please contact the company directly at 908-212-1799, Option 7, or Jim Booth - 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.
posted ![[Big Grin]](biggrin.gif)