posted
Volume today was more than 50% of the outstanding share count because Edward Stevenson's stock groups on investorshub.com & Yahoo are playing this.
It will most likely gap up tommorrow because there was frenzied buying the last half hour.
It's still in play for at least the next few trading sessions.
TRANSFER AGENCY Registrar and Transfer Company 10 Commerce Drive Cranford, NJ 07016 Phone: 800.368.5948 http://www.rtco. com/
INVESTOR RELATIONS Woodbridge Corporate Plaza 485 Route 1 South, Building C, Suite 350A Iselin , New Jersey 08830 908-212-1799 extension 7
HEADQUARTERS:
HQ and New Jersey Office: SoftNet Technology Corp. 33 Wood Ave South Suite 600 Iselin NJ 08830 Main: 908-212-1799 Fax: 908-212-1757
BUSINESS DESCRIPTION
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 across North America.
KEY NOTES
-Their (nine months ended) net loss has significantly decreased in '08 to $398,584 as compared to 1,211,530 in '07. A notable improvement. http://www.pinkshee ts.com/edgar/ GetFilingHtml? FilingID= 6251410
-Options that are available for exercise allocate at .0025 (recall that the current pps sits at .0005) Options Weighted AverageExercise PriceOptions outstanding at December 31, 2007 .0025Granted during the year 9,400,00 .0025Surrendered, forfeited or expired 500,000 -Exercised (500,000) .0025 Options outstanding at September 30, 2008 9,400,000 $ .0025 Exercisable options outstanding, and the related weighted average exercise price at September 30, 2008 and 2007 were 9,400,000 and 9,400,000, and $0.0025 and $.0025, respectively.
**MUST READ ~ During these difficult economic times it is easily justified that mid-sized corporations will try to save some money that they spend on application support, etc. As it so turns out, Certified Providers, such as SOFN, will have the opportunity to expand their business and grab hold of new clients as Vendors (whom these mid-sized corporations once employed) charge at least 2X that of which a certified provider such as SOFN would charge for services, based on an hourly wage system. Therefore you should be able to understand how a company such as SOFN will be able to potentially capitalize on some huge clients that have recently or are planning to drop their regular vendor in search of something more affordable: SOFN.
-Remember that SOFN is a certified provider of a number of prestigious vendors, ie. IBM, Microsoft, Cisco, Trend Micro, etc. A visual interpretation of their alliances can be viewed here: http://www.softnett c.com/jr/ html/Alliances. asp
MANAGEMENT TEAM
Jim Booth, President, interim CEO
Jim Booth is a 30+ year veteran of business having held senior level assignments in the technology, telecommunications, service and manufacturing sectors. He has successful experience leading a P&L service business unit and IT/PMO projects. He has experience in due diligence matters as a result of large acquisitions, mergers and property divestitures in both telecommunications and manufacturing. His experience leading recruitment activities is substantial, with impressive results in time to fill and cost per hire metrics. Jim also possess many years of Human Resources experience in executive assignments. He has gained valuable experience in leading Sarbanes Oxley and Business Continuity Plan initiatives. His employment experience includes senior level positions with Cingular Wireless, BellSouth Wireless Data, Black & Decker, as well as, Merck. Jim posses BS and MA degrees from St. Francis University. Jim is a former Board member of Inspara Networking Technologies, as well as, former President or Executive Board member of a number of civic, professional, and non-profit organizations.
**KEY NOTE ~ as per their latest 8-K filing:
The Board of Directors of SoftNet Technology Corp. has accepted the resignation of Mr. John Stopper as CEO, for personal reasons, effective immediately. Mr. Stopper will remain as a Board member as an outside Director of the Corporation. The Board has named Mr. James Booth interim CEO and has authorized a search for a replacement. http://pinksheets. com/edgar/ GetFilingHtml? FilingID= 6157090
For me, this symbolizes the fact that at any given moment here, the company may just be releasing a PR announcing the appointment of a highly qualified CEO.
Steve Henry, Vice President Recuriting
Mr. Henry is a co-founder and manages all Human Capital requirements. He has nearly 20 years of experience creating and successfully executing recruiting strategies, process and policy in several high technology companies. He has built, coached and maintained culturally motivated and scaleable Recruiting Teams on a national and international basis, resulting in large numbers of highly qualified hires at below industry standard cost-per-hire. Mr. Henry has held VP and Director level positions with TMP WorldWide (MonsterBoard) , Greenwich Technology Partners, Predictive Systems, UsWeb, Gray Peak and Sprint/Paranet.
Joe Luminoso, Vice President Operations
Mr. Luminoso has over 20 years of experience in high-growth and leading edge-technology solutions supporting domestic and international delivery of value-added consulting offerings and product support services at a number of well recognized and industry leaders. Most recently, Mr. Luminoso was a Director of Professional Services for Network Appliance, Inc., where he was responsible for all facets of service delivery and consulting solutions in the Eastern U.S. and Canada for this world leader in unified storage solutions. Prior to that assignment, he was the Executive Vice President of Leading Edge Communications, a consulting and software organization. He also gained valuable and relevant international experience as Vice President- Global Professional Services for Genosys Technology Management, a leading provider of remote network management services. Other past assignments include Vice President Enterprise System Management for Computer Associates, Platinum Technology and Director, Information Services for Paine Weber. The addition of Joe to the management team strengthens an already solid management group with many years in the IT Infrastructure consulting field. In his short time with the company he has added immediate value to the Company's technical strength and his industry wide contacts. These contacts will serve the Company well, both in the Americas and abroad, in 2007 and beyond.
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posted
Congratulations mbmurray: 0.0013 is an excellent entry. My average is a little higher but there is still plenty of juice left in this baby. In addition to a solid session of excellent trading action with again heavy volume yesterday, most of Friday's gains were sustained through heavy accumulation especially into close -- should bode well for Monday -- most likely another gapper. It's clearly volatile so continue to load up on dips.
Below is the link for Edward Stevenson's yahoo group. As I mentioned earlier he has another group on investorshub.com. He picks microcaps for the groups to play then sends an e-mail alert.
When he e-mailed his groups about SOFN it was trading * 0.0005! On Thursday, the morning that he sent the alert to everyone SOFN gapped up over 50% then shot up to 0.0024 and you've seen the awesome trading action since then so nuff said!
posted
Posted by: EDWARD STEVENSON Date: Monday, January 12, 2009 8:01:10 PM In reply to: None Post # of 856
SOFN ~ In a preliminary conversation with Jim Booth, President and CEO of SoftNet Technology Corp, EDWARD STEVENSON gained much insight into the company, as Jim Booth resides as a very professional, yet open-minded individual. He was happy to answer any questions served up, which gave off a very reassuring vibe, being a shareholder that is.
He noted the outstanding share count to rest, as of this very day (01/12/09) at 152,400,000, of which approximately ~20M are restricted, meaning the float is estimated at 132M, as of this very day (01/12/09) as well. With some ~180M worth of volume traded over the period since the release of the 10Q filing, it is safe to say that whoever had been selling since that point in time is either very close to done (considering the enormous volume some sessions back), or otherwise completely out of willpower. The outstanding count has rested at these levels since winter of '08, where sellers helped this thing roll down hill, by which Jim Booth commented on the fact that his company would not be selling shares at this point in time.
In addition, just as EDWARD STEVENSON had promised to do, he inquired about Mr. Holt's relationship to the corporation at the given moment, to which Mr. Booth chuckled before replying: "He has no relations to our company, management, business, etc.,...he is in jail right now"...followed by another hearty chuckle. The other vital piece of information that EDWARD STEVENSON was able to attain was that Mr. Holt's remaining stake in the company is recorded at some 5M restricted shares.
Furthermore as the pleasant conversation went on, Mr. Booth was not hesitant to admit that his shareholders deserved a press release concerning progress that the company had made, goals that the company hopes to achieve, and predictions concerning their bright future. Most importantly, just as he had mentioned the pending news release, he claimed to be of a purposive mind, where he does not believe in issuing press releases if they do not add solid shareholder value to his security.
Remember that this was simply a preliminary conversation, to which, one, if not many more, will follow this week. Among such, Mr. Booth will be kind enough to answer much more specific questions, in much more thorough dialogue.
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posted
Posted by: EDWARD STEVENSON Date: Tuesday, January 13, 2009 3:41:09 PM In reply to: None Post # of 882
EDWARD STEVENSON spoke with the CEO today yet again, and to his surprise Jim Booth was agitated with the selling that has been occuring in the last few sessions. He reassured EDWARD STEVENSON that his corporation nor insiders directly related to the company, were a part of any of that. He suggested that a naked shorter had made somewhat of a home on his security...
EDWARD STEVENSON questions this idea of shortage upon SOFN...has anyone been watching NITE shift between the bid and ask every now and then, selling some, then quickly adjusting to the bid a few ticks under???
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quote:Originally posted by vtcpa04: Posted by: EDWARD STEVENSON Date: Tuesday, January 13, 2009 3:41:09 PM In reply to: None Post # of 882
EDWARD STEVENSON spoke with the CEO today yet again, and to his surprise Jim Booth was agitated with the selling that has been occuring in the last few sessions. He reassured EDWARD STEVENSON that his corporation nor insiders directly related to the company, were a part of any of that. He suggested that a naked shorter had made somewhat of a home on his security...
EDWARD STEVENSON questions this idea of shortage upon SOFN...has anyone been watching NITE shift between the bid and ask every now and then, selling some, then quickly adjusting to the bid a few ticks under???
good observation... watching NITE second session too - typical shortage behavior. eom
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Jim Booth is a 30+ year veteran of business having held senior level assignments in the technology, telecommunications, service and manufacturing sectors. He has successful experience leading a P&L service business unit and IT/PMO projects. He has experience in due diligence matters as a result of large acquisitions, mergers and property divestitures in both telecommunications and manufacturing. His experience leading recruitment activities is substantial, with impressive results in time to fill and cost per hire metrics. Jim also possess many years of Human Resources experience in executive assignments. He has gained valuable experience in leading Sarbanes Oxley and Business Continuity Plan initiatives. His employment experience includes senior level positions with Cingular Wireless, BellSouth Wireless Data, Black & Decker, as well as, Merck. Jim posses BS and MA degrees from St. Francis University. Jim is a former Board member of Inspara Networking Technologies, as well as, former President or Executive Board member of a number of civic, professional, and non-profit organizations.
***as per their latest 8-K filing***
The Board of Directors of SoftNet Technology Corp. has accepted the resignation of Mr. John Stopper as CEO, for personal reasons, effective immediately. Mr. Stopper will remain as a Board member as an outside Director of the Corporation. The Board has named Mr. James Booth interim CEO and has authorized a search for a replacement. http://pinksheets.com/edgar/GetFilingHtml?FilingID=6157090 ***Respectfully symbolizing the fact that at any given moment here, the company may just be releasing a PR announcing the appointment of a highly qualified CEO.
Mr. Henry is a co-founder and manages all Human Capital requirements. He has nearly 20 years of experience creating and successfully executing recruiting strategies, process and policy in several high technology companies. He has built, coached and maintained culturally motivated and scaleable Recruiting Teams on a national and international basis, resulting in large numbers of highly qualified hires at below industry standard cost-per-hire. Mr. Henry has held VP and Director level positions with TMP WorldWide (MonsterBoard), Greenwich Technology Partners, Predictive Systems, UsWeb, Gray Peak and Sprint/Paranet.
Joe Luminoso, Vice President Operations
Mr. Luminoso has over 20 years of experience in high-growth and leading edge-technology solutions supporting domestic and international delivery of value-added consulting offerings and product support services at a number of well recognized and industry leaders. Most recently, Mr. Luminoso was a Director of Professional Services for Network Appliance, Inc., where he was responsible for all facets of service delivery and consulting solutions in the Eastern U.S. and Canada for this world leader in unified storage solutions. Prior to that assignment, he was the Executive Vice President of Leading Edge Communications, a consulting and software organization. He also gained valuable and relevant international experience as Vice President- Global Professional Services for Genosys Technology Management, a leading provider of remote network management services. Other past assignments include Vice President Enterprise System Management for Computer Associates, Platinum Technology and Director, Information Services for Paine Weber. The addition of Joe to the management team strengthens an already solid management group with many years in the IT Infrastructure consulting field. In his short time with the company he has added immediate value to the Company's technical strength and his industry wide contacts. These contacts will serve the Company well, both in the Americas and abroad, in 2007 and beyond.
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 across North America.
***More or less the description simply refers to the company's business as acting the position of a "middle-man" between major software/hardware vendors and their consumers both small and large.
Prestigious Alliances
During these difficult economic times it is easily justified that mid-sized corporations will try to save some money that they spend on application support, etc.
***As it so turns out, Certified Providers, such as SOFN, will have the opportunity to expand their business and grab hold of new clients as Vendors (whom these mid-sized corporations once employed) charge at least 2X that of which a certified provider such as SOFN would charge for services, based on an hourly wage system. Therefore one should be able to understand how a company such as SOFN will be able to potentially capitalize on some huge clients that have recently or are planning to drop their regular vendor in search of something more affordable: SOFN.
SoftNet Technology understands you need a partner who can provide you with an array of services to address today's business requirements and move your customers closer to their business goals and objectives. Through our Storage Practice offerings, you can expand your current services with easy-to-buy, easy-to-use Storage specific packages that maximize your customer's storage investment and allows your core resources to remain focused on growth initiatives.
Our proven services and solutions have been designed to provide your organization with the flexibility to meet the demands of your customer's unique storage environment. The SoftNet Storage Practice has a solid foundation of proven capabilities and matured Best Practices that are backed by a team of world-class delivery and consulting resources.
Through process, people and technology we supply the following enterprise solutions:
· Data/Infrastructure Assessment & Remediation
· Installation Services
· Implementation Solutions
· Data Migration
· Security Solutions
· Backup and Recovery
· On-Site Storage Services
· Off-Hour Client Support
· Custom Consulting Solutions
· System Design
We work with you to set, understand and deliver upon your clients’ expectations, deliver on your commitments and support your team throughout the life cycle of an engagement.
National Security Practice
At SoftNet Technologies, we help protect your business from the headaches and hassles, the time and tremendous cost, of having an unstable, insecure network. We have in-depth knowledge of every level of network architecture and system security to fit your unique business and we don't deal in "point solutions" that may leave other areas of your network vulnerable. We're able to see the big picture and apply appropriate solutions—whether you need a comprehensive, customized plan, or you need us to work with what you already have.
Our highly skilled staff hold industry-recognized certifications and bring years of technology experience and perspective to each job. What's more, our relationships with best-of-breed vendors ensure that we deliver the most cutting
Infrastructure Practice
SoftNet Technology understands you need a partner who can provide you with an array of services to address today's business requirements and move your customers closer to their business goals and objectives. Through our Infrastructure Practice offerings, you can expand your current services with easy-to-buy, easy-to-use Server and Desktop specific packages that maximize your customer's infrastructure investments and allows your core resources to remain focused on growth initiatives.
Our proven services and solutions have been designed to provide your organization with the flexibility to meet the demands of your customer's unique enterprise environment. The SoftNet Infrastructure Practice has a solid foundation of proven capabilities and matured Best Practices that are backed by a team of world-class delivery and consulting resources.
Through process, people and technology we supply the following enterprise solutions:
· Enterprise Audits & Remediation
· Server, Network and Desktop Installation Services
· System Integration and Migration
· Application Roll-outs
· Datacenter Management (Server, Networks)
· Business Continuity and Disaster Recovery Planning
· On-Site Engineering Support
· Move, Add & Change Support
· Custom Consulting Solutions
· Upgrade and Retro Fit Services
We work with you to set, understand and deliver upon your clients’ expectations, deliver on your commitments and support your team throughout the life cycle of an engagement.
Application Development
SoftNet Technology’s application delivery capabilities enable our clients to define and achieve their business and IT goals. We provide an array of professional, business and technical services to solve business problems and manage the effective delivery of technology to the target environments. By bringing a unique combination of team, partners, process and technology, we will ensure that your initiatives are delivered as promised. We will provide the necessary focus and experience to meet your business objectives, while keeping your bottom-line in mind. A common theme which drives our success is a commitment to a strong project management approach. Our experienced professionals fully understand the value of effective resource, task and issue management; effective client, team and vendor communications; and technology development and integration methods. Specific IT Strategy and Delivery Management Services include:
Information Technology Strategy Assessment and Planning
Program Office and Project Management Office Implementation
Project Management Methodology
Project Turnaround Services
Application Development & Systems Integration (onsite, offsite and offshore)
Business Intelligence and Data Warehousing Implementations
IT Outsourcing Advisory Services
SoftNet has extensive experience delivering for clients across many industries, and leveraging many specific technology platforms
Web Application
There are no more technical barriers. The Internet phenomenon has demonstrated the capabilities of technology; the challenge today is to make use of the appropriate technology in a financially sound manner, and in a timeframe that allows you to respond to your business initiatives.
Online software tools can be useful in a number of ways:
· Increase labor productivity
· Increase return on investment from technology and technical infrastructure
· Focus your attention on activities with the highest business return
How do you find the ‘appropriate technology’ in the midst of the ever-changing, ever-evolving world of software? Call on a business partner with expertise, experience, and knowledge
SoftNet offers a solution process that embodies a simple, commonsense sequence of planning, designing, building, and operating mission-critical software applications for your specific business requirements
The entire process in driven by the need to deliver tangible value to you, our customer. SoftNet involves you at each phase of the process and ensures you are fully informed of progress. We use a carefully documented sequence of proposals, design documents, deliverable approvals and change control methods to successfully manage the balance of business requirements, budget, and time. Software development does not have to be a nightmare of endless scope creep and budget overruns – let us show you how.
posted
Posted by: TJG Date: Monday, January 19, 2009 8:29:58 AM In reply to: None Post # of 1109
I have been told we can expect to see some type of a shareholder up date PR this week.
The company will address how the economic conditions have effected the company and the progress they are making on the VAR market and Application Lifecycle Management segment programs and how they effect potential new sources of revenue.
This is a good stock and a good compnay, but you need to put away the WEEEEEEEEEEEEEEEEE's and the "To The Moons", as we will see nice steady gains and a profitable future here. We wont see any of those 300% days so many people look for in OTCBB and OTC stocks. When the economy begins to turn and companys begin to put money back into their IT departments then we can expect to see SOTN begin to really move up.
As a fact of business in times like this the updating and expansion of the IT department is put on hold. This is causing them to fall behind on the technology they need, when their ability to spend money on this is returned, SoftNet will benifit greatly. Good luck everyone.
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posted
Wednesday, January 21 2009 3:00 PM, EST SoftNet Technology Selected as Preferred Provider by National Telco GlobeNewswire "GlobeNewswire " ISELIN, N.J., Jan. 21, 2009 (GLOBE NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:SOFN) (German WKN:TG6) announced today it had been selected as a Preferred Provider for a National Wireless Telecommunications provider.
SoftNet management participated in a rigorous RFP process by the company of which the pool of providers was limited to approximately one in four of the organizations seeking status of Preferred Provider by this carrier. The reduction in the number of authorized providers will add value to our relationship with the client and the Company's overall business plan. Prior to the RFP, SoftNet was competing with numerous like firms. With the selection of fewer firms in the RFP process SoftNet will be one of a few select companies submitting against numerous projects and engagements this client relies on from outside Professional Services firms. The selection of SoftNet was based on a number of factors, including the Company's long term standing with the carrier, the reputation for supplying quality candidates for engagements, the competitive pricing structure SoftNet is able to achieve and the attention to the account by SoftNet Management.
"The management team of SoftNet is proud of this selection. It speaks to the focus the Company places on client satisfaction, the quality of work performed and the relationship of managers with their peers at a customer organization. The benefit of this status is that it could result in an increase in engagements for SoftNet in our core businesses, infrastructure and application development through a more efficient, timely and personalized approached to securing engagements. This will allow the Company to showcase and leverage two of our key reputation drivers; the quality of our consultants and recruiting capability" said Jim Booth, President of SoftNet.
SoftNet Technology Corp. is a Professional Services company offering professional expertise to enterprise and service provider clients. SoftNet's services are organized in three practice specialties, including Infrastructure Services, Application Development and Government Services.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, Jim Booth, President.
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
Posted by: EDWARD STEVENSON Date: Thursday, January 22, 2009 3:46:54 PM In reply to: MMSmith who wrote msg# 1637 Post # of 1729
In yet another subsequent conversation with Jim Booth (CEO/President) some 5 minutes ago, EDWARD STEVENSON had attained the answer to the question that everyone was hoping the company would answer later on. When EDWARD STEVENSON asked him about the National Wireless Telecommunications provider. he was quick to reply,
"T-Mobile". Anyone know that company by chance???
Furthermore, to so delight in fact, Jim Booth was once again speeding off to a meeting, similar to the one that resulted in our latest press release here.
When asked about the selling taking place he did not frown at the idea of short selling, as he committed to the fact that the company is not diluting. He said despite all this volume, the float still remains intact to that of what was mentioned in his very first conversation with EDWARD STEVENSON. Note that this conversation took place nearly a month back.
And lastly he said that as things are moving along fairly well on the company's part, shareholders can expect further transparency and perhaps even an update as to their progress as early as next week.
Once again, he spoke in a very mild, yet intelligent manner, depicted the character that EDWARD STEVENSON enjoys in a CEO/President of a company in which he holds interest.
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