ISELIN, N.J., April 30, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTC BB:STTC.OB - News) (German WKN:TG6) announced today two significant developments that have a positive impact on current and future business.
SoftNet's Small-Medium Business (SMB) practice was notified of its selection as a TechPro Business Provider by CompUSA. This selection by CompUSA is significant in that the Company was selected from over 10,000 service providers nationwide to deliver top-notch business solutions. Selection as a TechPro Business Provider will enable SoftNet to benefit from CompUSA generated sales leads, additional service opportunities and access to discounts through CompUSA Business.com channel.
``We are pleased by the significance of this selection. The TechPro status recognizes SoftNet as a top tier business provider having been selected from a group a thousands of providers. It strengthens the existing relationship with CompUSA and further differentiates SoftNet's SMB practice in the market place,'' reported Greg Geodakyan, Lead Technical Manager.
Additionally, HP has notified the Company of an extension to the Business Development Partner Agreement through May 31, 2009. ``The extension reflects the sound business working relationship between HP and SoftNet. While SoftNet's SMB solutions can be configured on nearly any server, the machine of choice by the client has clearly been HP. We are pleased to receive this important extension,'' said Steve Henry, Vice President.
Please visit our website at http://www.softnettechnology.com for more information.
To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
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.
Monday, April 30, 2007
Friday, April 20, 2007
SoftNet Technology Approaches $10 Million Annual Sales Run Rate With Record March
ISELIN, N.J., April 4, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTC BB:STTC.OB - News) (German WKN:TG6) is pleased to announce preliminary, un-audited, revenue results for March, 2007 set a new monthly sales record for the Company.
Revenue for March will exceed $800,000 which surpasses the previous monthly record set in November of 2006 when the Company recorded revenues of $740,000, an 8% increase. Q1 2007 results will be communicated upon closing of the financial records for the month and quarter.
``The revenue attained in March was not a total surprise. The Company reaped the benefits of the previously announced agreements/engagements with new Fortune 1000, and other, accounts. The Company experienced growth in both the Enterprise channel and the SMB channel. The Enterprise channel's growth was primarily due to the increase in new accounts. The SMB continued to realize growth in new accounts, upgrades for existing clients and recurring revenue,'' said Jim Booth-CEO. ``The Company continues to work diligently in securing a more diverse customer base but within the Company's core business practices. In March we began to realize the benefits of this strategy. We are optimistic that these results, coupled with our Q1 cost reduction actions, will have a positive impact on the Company's goal of achieving profitability,'' reported Mr. Booth.
Please visit our website at http://www.softnettechnology.com for more information. To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
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.
Revenue for March will exceed $800,000 which surpasses the previous monthly record set in November of 2006 when the Company recorded revenues of $740,000, an 8% increase. Q1 2007 results will be communicated upon closing of the financial records for the month and quarter.
``The revenue attained in March was not a total surprise. The Company reaped the benefits of the previously announced agreements/engagements with new Fortune 1000, and other, accounts. The Company experienced growth in both the Enterprise channel and the SMB channel. The Enterprise channel's growth was primarily due to the increase in new accounts. The SMB continued to realize growth in new accounts, upgrades for existing clients and recurring revenue,'' said Jim Booth-CEO. ``The Company continues to work diligently in securing a more diverse customer base but within the Company's core business practices. In March we began to realize the benefits of this strategy. We are optimistic that these results, coupled with our Q1 cost reduction actions, will have a positive impact on the Company's goal of achieving profitability,'' reported Mr. Booth.
Please visit our website at http://www.softnettechnology.com for more information. To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
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.
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