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.