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SoftNet Technology Expands Operations To The South Region Of The United States 16:03 EST Monday, May 01, 2006
CRANFORD, N.J. (Business Wire) -- SoftNet Technology Corp. (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) is pleased to announce that they have expanded operations of the company to the southern region of the United States. The headquarters for this region will be in Dallas, Texas.
The personnel running the Dallas regional office is of the highest level and already is expanding STTC's relationship with T-Mobile. The continued expansion is important because it allows SoftNet to offer more coverage and a wider range of services for national and international clients. Additionally, SoftNet continues to expand its client base to such companies as NetSurant and Crossvale. This expansion also diversifies STTC's revenue over a larger geographic area allowing for each region to draw from the good will developed in each region.
SoftNet Technology now maintains operations all along the Eastern and southern regions of the United States. The operations in the Southern region are based in Dallas, Texas. Atlanta, Georgia acts as the regional center for the Southeast United States while the corporate Headquarters in Cranford, New Jersey acts as the operational center for the Mid Atlantic and Northeast region of the Country. Further geographical expansion is expected shortly.
"Client companies can now feel comfortable knowing that no matter where they require service that SoftNet can provide it," said Mr. James M. Farinella, CEO of SoftNet Technology. "Bringing SoftNet to a narrowed Business focus in the past 6 months is really starting to pay big dividends as internal growth and profitability is increasing at quickened rates."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact 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 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.
SoftNet Technology Corp. James M. Farinella, 866-898-4842 or 908-204-9911 www.softnettechnology.comPosts: 191 | From: Ontario, Canada | Registered: Mar 2006
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Company Spotlight Softnet Tech - (STTC) Current Price: $0.07 Day High: $0.07 Day Low: $0.06 Volume: 99740
StreetInsider.com's new company spotlight stock is SoftNet Technology Corp. (OTCBB: STTC).
SoftNet Technology Corp. (OTCBB: STTC) is a publicly traded company with wholly-owned subsidiaries-Solutions Technology and Wholesalebyus. Solutions Technology's plan centers around the company's ability to offer a complete Biometric turnkey solution for a small or mid-sized company that needs to collect time and attendance, scheduling, entitlements, and personal/pay records. With a seamless interface to payroll services, it provides the client with one of the most cohesive time and attendance management systems available anywhere. Wholesale By Us provides Internet sales predominately via Ebay. The system is designed to sell products with minimal labor costs attached to the product. The largest product line is electronics, but is not limited too. Wholesalebyus also sell ceiling fans, water fountains, media accessories, and car components.
Solutions Technology, Inc. is a wholly owned subsidiary of SoftNet Technology Corp (OTCBBl: STTC) providing biometric identification services that integrate into customer business processes for: identity verification, secure site access, and time & attendance. The company's vision for biometric solutions is unique to the industry. This vision is to completely eliminate the complexity and the cost of ownership for our customers. The company provides a value proposition that is impossible to beat: They provide solutions purely as a service. Due to the high cost of ownership and the complexity of biometric systems, many companies are unable to implement a solution that meets all of their needs. Other companies find themselves unable to support a solution involving biometric technology and management because it is neither their business nor their competency.
The SecureTime biometric solution utilizes technologies that identify, capture, and manage resources and other demand information. Their system enables clients to supervise and control their resources precisely and become more efficient; this directly affects their bottom line. The client advocacy approach, quality service, and rigorous delivery have garnered the trust of customers and earned solid references from 100 percent of their clients
WholesaleByUs:
WholesaleByUs (WBU) is a web-based, application server based software system that looks to take advantage of the boom in internet commerce. In fact, Google's IPO focused investor attention on the growth of the overall search engine marketplace, while Shopping.com's IPO helped focus investor attention on comparison shopping search. WBU looks to take advantage of this burgeoning industry through its proprietary technology that optimizes every aspect of the internet marketplace. The WBU system gives customers the ability to provide suppliers, manufacturers, retail stores and the like, exponentially expanded visibility and awareness for their products.
Distribution and sale of manufacturer, supplier and retail outlet products utilizing the WBU technology for distribution and sale dramatically increases awareness and visibility for these products through different portals on the Internet. WBU's technology allows the companies that supply the products for sale through the WBU system to benefit from increased product offerings at no additional cost. The process simply cuts through the shopping search clutter to bring, the lowest retail price.
Posts: 191 | From: Ontario, Canada | Registered: Mar 2006
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The price has dipped down to support at .06 and has bounced off a little. A poster at Ihub emailed Farinella about the 10q filing date and the response was that they were on track to file by the 15th. If they make their forecast towards revenue and have cut some cost this may be a very good entry price. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
3-Feb-06 50,000 STTC Purchase at $0.08 per share. (Cost of $4,000) 15-Nov-05 110,000 STTC Purchase at $0.082 per share. (Cost of $9,020) 21-Oct-05 25,000 STTC Purchase at $0.1275 - $0.14 per share. (Cost of about $3,343) 20-Oct-05 50,000 STTC Purchase at $0.135 per share. (Cost of $6,750) 18-Oct-05 180,000 STTC Purchase at $0.1207 - $0.143 per share. (Cost of about $24,000) 11-Aug-05 20,000 STTC Private Purchase at $0.235 per share. (Cost of $4,700) 1-Aug-05 10,000 STTC Purchase at $0.225 per share. (Cost of $2,250) 24-May-05 10,000 STTC Purchase at $0.211 per share. (Cost of $2,110) 20-May-05 20,000 STTC Purchase at $0.20 per share. (Cost of $4,000) 19-Apr-05 10,000 STTC Purchase at $0.24 - $0.245 per share. (Cost of about $2,425) 18-Apr-05 10,000 STTC Purchase at $0.23 per share. (Cost of $2,300) 29-Mar-05 11,000 STTC Purchase at $0.186 per share. (Cost of $2,046) 15-Mar-05 50,000 STTC Purchase at $0.1676 per share. (Cost of $8,380) 2-Mar-05 40,000 STTC Purchase at $0.198 - $0.24 per share. (Cost of about $8,760) 17-Feb-05 10,000 STTC Purchase at $0.271 - $0.275 per share. (Cost of about $2,730) 27-Jan-05 35,000 STTC Purchase at $0.20 - $0.22 per share. (Cost of about $7,350) 26-Jan-05 20,000 STTC Purchase at $0.215 per share. (Cost of $4,300) 5-Jan-05 30,000 STTC Purchase at $0.151 - $0.16 per share. (Cost of about $4,665) 27-Dec-04 10,000 STTC Purchase at $0.135 per share. (Cost of $1,350) 20-Dec-04 8,000 STTC Private Purchase at $0.165 per share. (Cost of $1,320) 9-Dec-04 15,000 STTC Purchase at $0.165 per share. (Cost of $2,475) 7-Dec-04 25,000 STTC Purchase at $0.144 per share. (Cost of $3,599) 24-Nov-04 25,000 STTC Purchase at $0.167 per share. (Cost of $4,175) 23-Nov-04 25,000 STTC Purchase at $0.149 - $0.156 per share. (Cost of about $3,812) 12-Nov-04 15,000 STTC Purchase at $0.115 - $0.126 per share. (Cost of about $1,807) 11-Nov-04 20,000 STTC Purchase at $0.11 - $0.12 per share. (Cost of about $2,300) 3-Nov-04 15,000 STTC Purchase at $0.085 per share. (Cost of $1,275) 2-Nov-04 20,000 STTC Purchase at $0.0725 per share. (Cost of $1,450) 1-Nov-04 5,000 STTC Purchase at $0.067 per share. (Cost of $335) 29-Oct-04 40,000 STTC Purchase at $0.081 per share. (Cost of $3,240) 26-Oct-04 42,000 STTC Purchase at $0.10 - $0.101 per share. (Cost of about $4,221) 25-Oct-04 10,000 STTC Purchase at $0.104 per share. (Cost of $1,040) 20-Oct-04 10,000 STTC Purchase at $0.083 per share. (Cost of $830) 20-Oct-04 45,000 STTC Private Purchase at $0.072 per share. (Cost of $3,239) 18-Oct-04 60,000 STTC Purchase at $0.067 - $0.072 per share. (Cost of about $4,170) 30-Sep-04 25,000 STTC Private Purchase at $0 per share. 30-Sep-04 125,000 STTC Purchase at $0.038 per share. (Cost of $4,750) 23-Sep-04 117,000 STTC Purchase at $0.0262 - $0.028 per share. (Cost of about $3,170) 15-Sep-04 200,000 STTC Purchase at $0.02 per share. (Cost of $4,000) 19-Aug-04 100,000 STTC Purchase at $0.028 per share. (Cost of $2,800) 18-Aug-04 200,000 STTC Purchase at $0.023 per share. (Cost of $4,600)
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one of Leeds picks since February, no real movement for a while (dropping, up a little, dropping again). if you're willing to hold it for years - this is it... not bashing, just my experience with this stock (as with other Leeds picks)...
Posts: 420 | From: Canada | Registered: Feb 2006
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I'm looking at holding this one for 10-12 months. By looking at the chart and the solid business platform I figure that I should be able to turn my $1000 into $4000 over that time.
Posts: 191 | From: Ontario, Canada | Registered: Mar 2006
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Same here, I jumped on this leeds pick 2/27/06 * .085 and I'm confident it will move, but imo it might be a long while. Leeds stated definate long hold with target of .40 See you there !!
Posts: 7 | From: NJ | Registered: Apr 2006
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I agree with you jpd64... I lost quite a bit of $ playing "pennies"... I've had much more success with stocks of this type of quality.
Posts: 191 | From: Ontario, Canada | Registered: Mar 2006
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I traded commodities futures from 97' to 01' and I'll tell you this, too many sleepless nights, lol. These pennies are much more relaxing and as you said, stocks like this are just my speed now.
Posts: 7 | From: NJ | Registered: Apr 2006
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I got some last week at .06 and the week before at .07. I have a pretty good chunk of this now. It bounced off its support at .06 twice so lets hope its ready to play. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25
Commission File Number 000-07693
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 2006
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR [ ] Transition Report on Form 11-K
For the Transition Period Ended:
Read attached instruction sheet before preparing form. Please print or type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
Part I – Registrant Information
Full name of registrant: SoftNet Technology Corp Former name if applicable: T & G2, One Anderson Road, Suite 105 Bernardsville, New Jersey 07924 Address of principal executive office (Street and number): 11 Commerce Drive, 2nd Floor City, State and Zip Code: Cranford, New Jersey 07016
Part II – Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
[ ] (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; [X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before 15 th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and [ ] (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 11-K, 20-F, 10-Q and Form 10-QSB, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant’s recent activities have delayed the preparation and review of the report that to prepare in proper form and condense the numbers, would involve unreasonable and unnecessary effort and expense.
Part IV – Other Information
(1) Name and telephone number of person to contact in regard to this notification
James Farinella (908) 204-9911 (Name) (Area code) (Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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