ISELIN, N.J., Dec. 19, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTC BB:STTC.OB - News) (German WKN: A0B7RZ) announced today the appointments to two key senior management positions.
Dennis Goett, SoftNet, an outside Director since February 2007, has accepted the position of Chief Financial Officer effective 12/1/2007. Mr. Goett is an experienced, 30-year business veteran with a successful record in finance, operations corporate governance and administration. He founded CrossRoads Strategy Group which has assisted clients in equity financings, corporate governance matters, financial integration of an acquisition and provided CFO services to two firms on an interim basis. He is the CEO/Co-founder of two companies: BroadBand Bridge LLC, a digital media firm and Specialty Pallets LLC.
Prior to these engagements, Mr. Goett was CFO/Director at two technology services companies. Greenwich Technology Partners and Claremont Technology Group. He also founded Gabriel Partners, a management/finance consulting firm and served as Treasurer of Integrated Resources Inc., a NYSE listed financial services firm. He is a graduate of Fordham University.
In his assignment as CFO, Mr. Goett will direct the accounting, finance and administration functions for the Company. Additionally, he will be the primary point of contact in the Company's efforts to raise capital to ensure continued growth and achieve sustained profitability.
``Mr. Goett's appointment to the CFO position adds immediate expertise to SoftNet in a critical position. His relationships in the financial community and his substantial record of successful ventures will be invaluable to SoftNet. Dennis' appointment fills a much needed void and the Company is extremely fortunate to have him as part of the leadership team,'' said Jim Booth-CEO.
The Company is also pleased to announce the appointment of Ms. Karen Musialowicz to the position of Treasurer for the Corporation. In this capacity, Ms. Musialowicz will be responsible for compliance, banking relationships, investments and obligations, due diligence, and other matters relating to the Company's finances. Ms. Musialowicz is the current Controller for the Company directing the day to day accounting function.
In addition to her experience as Controller of SoftNet, her prior experience includes assignments as VP-Operations for MBF Group; Assistant Treasurer of Millington, Inc.; Accounting Manager for Naporano Iron & Metal as well as experience with the Internal Revenue Service. Ms. Musialowicz is a graduate of St. Peter's College.
``Karen's contributions to SoftNet have been substantial and impressive. She was instrumental in the successful 2006 reorganization transaction and has made significant contributions in cost reduction, compliance matters, audits and providing guidance and direction on financial matters of the Company,'' said Jim Booth
Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, James Booth-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
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