TIA

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.

ahhhhhh LOLOLOLOL ahhhh

i had to edit, that was below the belt....

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!"

i know, just giving barbies boyfriend a hard time...LOL

predictions in stocks are a bad idea, i should probably go erase it, but, thats what i'm thinking right now...

What do ya think Keith?

I'm sure you know that when the 50 crosses the 200 on a breakup a stock can really move, so that is the dillemma
http://stockcharts.com/def/servlet/SC.web?c=sttc,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

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."