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You can have it. I don't have the time to do so. I've basically sworn off penny stocks. It's easier to make money in companies that are actually turning a profit.
-Onestroke
Maybe the press release today about the Konlin letter will drum up some interest here.
Patents take a looong time to get granted, but if EFSF gets a patent for their bird flu formula we will most likely benefit from a nice run. I'm just gonna have a little fun with this one.
-Onestroke
Found this very bullish post on another board. This is from the Konlin Letter:
"EFSF is a pioneering company with stunning breakthrough
technology on the verge of explosive revenue growth. EFSF is
dedicated to improving health conditions around the world through
its proprietary innovative technologies with products entering multibillion
dollar markets. EFSF believes it has formulated the “Total
Solution” to the potential Avian Influenza (Bird Flu) pandemic.
Its Knock-Out Technologies, Ltd. subsidiary has developed a revolutionary,
environmentally safe sporocidal product formulated entirely
of food-grade components that eradicates the most lethal of all
biological weapons, Anthrax, and a germicidal product Citroxin (EPA
REG#82723-1) that kills six major bacteria: E-coli, Listeria, Pseudomonas,
Salmonella, Staphylococcus, Streptococcus, and is 100% effective at
wiping out Black Mold (stachybotrys chartarum), which is overrunning
hurricane-ravaged areas in the Gulf Coast. Most important, it could
become the anti-viral prophylaxis (applying the remedy before the
cure), the total solution of choice for the deadly Bird Flu.
EFSF’s MedElite, Inc. subsidiary distributes clinically proven
products to physicians who then prescribe them to their patients. It
is the exclusive worldwide and U.S. distributor of the Talsyn™-Ci/bid
Scar Cream that has been clinically proven to facilitate and improve
the appearance, redness, and strength of scars. It is one of the most
efficacious scar creams on the market today, entering a $4 bil. market.
The potential is huge. EFSF is also a distributor for Cinnergen™, a nonprescription
liquid whole food nutritional supplement that promotes
healthy glucose metabolism and Trimmendous™, a weight loss
formula focusing on the body’s 24-hr. metabolic processes.
Health professionals have been aware of the adverse health effects
of exposure to mold for decades. Studies indicate that 50% of all homes
contain certain molds and the dramatic increase in asthma over the
past 20-yrs. can be attributed to mold exposure. Toxic mold can form
on most building surfaces and products (dry wall, insulation, ceiling
tiles, carpet, etc.) if it remains wet for 24-48 hours. Citroxin Cleaner can
significantly reduce costs of the rapidly growing new sector of the
environmental remediation industry—toxic mold.
EFSF continues its massive Direct Response Marketing Campaign
via radio and TV for its Cinnergen™ Diabetes product (a $132 bil.
market). Diabetes is becoming one of the fastest growing chronic
health problems in America’s aging population. Cinnergen™ encapsulates
a proven effective naturally occurring compound found in
cinnamon that can supplement subscription diabetes medications
(Type 1 diabetic patients) and help decrease medication needs in Type
2 diabetic and borderline patients. Sales have exceeded expectations
with their marques of companies including, General Nutrition Centers
(GNC-over 5,000 related locations worldwide), The Vitamin Shoppe
(over 260 retail locations in the U.S.), Kinray, Inc., the largest privately
held distributor of pharmaceutical, generic and health and beauty care
products in the world (sales in excess of $3.5 annually), The F. Dohmen
Co., a wholesale distributor serving the pharmacy industry for over 140
years and Smith Drug Co. (division of J.M Smith Corp., 6th largest
privately held company) serving over 1,000 pharmacies in the midsoutheast
U.S.
In less than a year of a major restructuring, EFSF has generated
sales for the 1st 9 mos. FY’06 of $116,008, with a loss per share of (.04).
EFSF anticipates to be profitable for Q1’06 on an operational basis
with sales exceeding all of FY’05. The company has virtually no debt
and of the 128,674,000 shares outstanding, approx. 60% are held
by insiders. The stock, testing support since Sept. '05, successfully
achieved higher lows. It is on the verge of completing a short-term
double bottom for the launching of its next up-leg. The huge short
position is the fuel to drive it to our 1st target of 2.00, but it must first
close above .8750.
This ground floor opportunity with explosive
growth potential has already established positive fundamentals, and
has more products in the pipeline (some already generating revenue)
that could see sales growth of $8 mil. in the next 10 mos., especially as
it enters into a multi-million-dollar worldwide direct marketing
campaign to sell its anti-acne product with a high-profile celebrity
spokesperson. Worldwide appeal for the product could easily approach
$200mil.as the leading competitor’s sales exceeded $300 mil. last year.
EFSF has entered the biotech arena with its revolutionary Lyme’s
Disease product; human clinical trials are currently underway with
EFSF’s safe, natural, ingestible product that is believed to offer a
positive treatment for chronic Lyme’s Disease. In ’03, the National
Center of Infectious Diseases estimated annual cost for treatment of
disease at $60 mil. a year in the U.S. EFSF is also on the verge of entering
the $33 bil. domestic market of obesity to sell Trimmendous™, an
all-natural (effedrine-free) weight loss formula that has unique
selling and performance benefits that could readily capture significant
market share. Our original target has been $4-$6, but with products
coming on line better than anticipated with positive lab results, along
with EFSF’s total solution to the Bird Flu, and with live testing about
to begin, the stock could soar.
Yes, I own the stock and believe in both
the company and its management"
Well it looks like STTC has paid The Hasley Group (a consulting company) to develop and implement a game plan to acquire new customers. Only 2 consultants have been assigned to this project.
1. H. Scott English, President and Director of Professional Services, The Halsey Group, LLC
2. Jamie Laurence Clarkston-Collins, Director of Advertising and Public Relations, The Halsey Group LLC
The Consultants will work on site with Softnet to develop a full set of qualified leads, develop custom sales approaches for multi-tiered clients, defining of client tier and identification of decision makers and full implementation of sales programs with a focus on being able to replicate results among future employees.
The Following Proposal is an outline for action, and can be altered at any time.
Program Schedule (30 Days)
(The Following Schedule is Tentative and Can be Changed to Accommodate Scheduling Conflicts)
Week 1 (Program Review and Training)
Consultants: H. Scott English, Jamie Laurence Clarkston-Collins
Hours: 20 Hours Per Consultant
Location: Cranford New Jersey
Objective: To begin a thorough review of the sales practices currently employed by Softnet, and to define project milestones. This week will require full interviews and participation of Softnet Employees. All employee meetings will be scheduled in advance and coordinated. Prospective client profiles will begin to be established and all sales literature reviewed for consistency.
Week 2 (Defining Leads and Pitch Development)
Consultants: H. Scott English, Jamie Laurence Clarkston-Collins
2 Hours: 20 Hours Per Consultant
Location: Cranford, New Jersey
Objective: Classify Potential Clients into three tiers Top Tier, Middle Tier and Lower Tier. The qualities of the clients that will constitute each tier will be determined during Week 1. All available Sales Representatives will review their schedules with the consultants at the end of week one, outlining their availability for sales meetings. Identification of Potential clients and initial lead generation will begin this week and the pitch needed to break through each tier will be defined. A full report of recommendations will be furnished by the end of this week. Any meetings generated this week will be attended by H. Scott English and a Sales Representative of Softnet. A database of potential customers will begin to be established using Microsoft Outlook.
Week 3 (Implementation)
Consultants: H. Scott English, Jamie Laurence Clarkston-Collins
Hours: 50 Total Hours
Location: Cranford, New Jersey
Objective: The pitch is solidified and meetings begin to be set. Pitch is refined and customized for individual tiered customers. Salesmen are assigned to begin attending the meetings and future milestones are solidified. The first draft section of a customized training manual will be presented at the end of this week defining the lead generation process and pitch.
Week 4 (Implementation)
Consultants: H. Scott English, Jamie Laurence Clarkston-Collins
Hours: 20 Hours Per Consultant
Location: Cranford, New Jersey
Objective: During this period sales meetings should be setup for all available sales representatives and each will bring one Project Consultant when they can. Full evaluations of technique, pitch and potential client reactions will be evaluated. During this week it is preferable that all sales staff meet at the end of three days to evaluate new techniques and refine pitch. Literature will be refined to suit the needs of potential clients and sources of potential partners will be defined. Project Consultants will begin to prepare suggestions for staffing and training of new employees.
Project Milestones
1. Database Creation
The Halsey Group will assemble of list of a minimum of 200 Leads with full contact details of the identified Decision Maker
2. Lead Generation
A Minimum of 40 new meetings will be achieved
3. Full Evaluation of Current Capabilities
A Full report on the current state of sales with a list of recommendations to be implemented upon approval of Softnet
4. Pipeline Development
Softnet will achieve a minimum of 10 potential clients in sales pipelines
5. Outreach Development and Training Manual Creation
A Full Telephone pitch will be developed and put into training manual format
6. A Full Proposal for the next 60 days
The Halsey Group will outline the full needs and costs to continue the project for 60 more days
I'll buy that.
The following is a response from Jim Farinella and the copy of the e-mail I sent to him:
yes
On May 10, 2006, at 12:22 PM, Onestroke wrote:
Jim,
Does STTC expect to file on May 15th? Are there any concerns that may cause a delay?
Thanks!
James M. Farinella, CEO
SoftNet Technology Corp
One Anderson Road
Suite 105
Bernardsville, NJ 07924
toll free: 866-898-4842
fax: 908-204-0201
www.softnettechnology.com
james@softnettechnology.com
I guess I interpreted his e-mail incorrectly. I think it was a pretty sloppy response to my questions. He said "yes", but to what question did he answer?
-Onestroke
I got a reply back from CEO Jim Farinella. He said that they are on schedule to file Monday the 15th.
-Onestroke
I just sent Jim an email to ask him if there were any concerns that might cause a delay in the 1Q filings. I'll let you know what he says.
-Onestroke
Onestroke here! What are you e-mailing the company about? The deadline for 1Q filings is Monday, May 15th. If STTC files for an extension they get another week which would be May 22nd, if I remember correctly. I'm expecting to see signs of the new acquisitions bringing more revenue to the bottom line and a decrease in expenses.
"Our shareholders have been extremely supportive in response to the significant changes that have taken place within STTC over the last several months. It is our intention to reward this loyalty in 2006 by demonstrating record fundamental results, accomplished through a renewed emphasis on rapid sales growth and a focus on bottom-line efficiencies."
-CEO James Farinella
The bird flu is getting a lot of press these days and if EFSF's product works on the bird flu this could be huge. If we ever hear the bird flu shows up in the U.S. then look for this stock to surge. Just look at the press these days... http://edition.cnn.com/SPECIALS/2006/bird.flu/
-Onestroke
SoftNet Technology Increases Employment and Billable IT Consultants by Approximately 100% in 1st Quarter 2006
Thursday April 6, 10:14 am ET
CRANFORD, N.J.--(BUSINESS WIRE)--April 6, 2006--SoftNet Technology Corp. (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce that they have expanded the number of Information Technology Consultants/Professionals and in-house employees from approximately 26 to over 50 in just the 3 months of 2006.
Revenue if combined for Inspara and SoftNet was approximately $300,000 during the month of December 2005. Revenue for SoftNet in March of 2006 was approximately $500,000. Growth in the 1st quarter was very strong even in the face of the transition and combining of companies and management teams. With a more organized and focused management team now in place, SoftNet should see even stronger growth heading into the second Quarter.
"Kevin Holt and his management team truly are special," said Mr. James M. Farinella, CEO of SoftNet Technology. "STTC experienced significant growth and developed self sufficiency here in the first quarter of 2006. This is a testament to the great organizational and operational skills of the current team. The exciting part is that we should see sales accelerate even further in the second quarter."
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.
Contact:
SoftNet Technology Corp.
James M. Farinella, 866-898-4842 or 908-204-9911
www.softnettechnology.com
--------------------------------------------------------------------------------
Source: SoftNet Technology Corp.
It's time to start getting excited again about this company! STTC has divested itself of low profit generating subsidaries and has streamlined the business to start generating profits from IT related services. SoftNet has an new and improved website (www.softnettechnology.com) that reflects the immerging IT business which is now the focus of STTC.
I haven't been posting very much in a while, but I plan on keeping this board more up to date with the latetest news and discussions. I'm still holding strong to my shares and expect to be rewarded as Jim Farinella said.
-Onestroke
SoftNet Technology Divests Itself of Solutions Technology - Completes Consolidation of United States Operations
Tuesday April 4, 12:15 pm ET
CRANFORD, N.J.--(BUSINESS WIRE)--April 4, 2006--SoftNet Technology Corp. (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce that they have fully divested themselves of former wholly-owned subsidiary, Solutions Technology, Inc. Solutions was sold for consideration of $100,000. The Company filed an 8-K/A with the Securities exchange last week to reflect the full consummation of the sale. To view the 8-K/A filing please go to www.softnettechnology.com and click on the SEC filing link.
ADVERTISEMENT
This divestiture marks the successful completion of a significant and aggressive transitory period for SoftNet Technology. The Company has now eliminated all static business concerns. With the recent acquisitions of Indigo Technology Services and Inspara Networking Technologies, the Company now focuses exclusively on the dynamic, high growth and high margin areas of information technology consulting and networking solution services.
"Our shareholders have been extremely supportive in response to the significant changes that have taken place within STTC over the last several months. It is our intention to reward this loyalty in 2006 by demonstrating record fundamental results, accomplished through a renewed emphasis on rapid sales growth and a focus on bottom-line efficiencies." elaborated Mr. Farinella.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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.
Contact:
SoftNet Technology Corp.
James M. Farinella
866-898-4842 or 908-204-9911
www.softnettechnology.com
--------------------------------------------------------------------------------
Source: SoftNet Technology Corp.
That's a good point, but the coming news may be the nail on the coffin that optimistic investors didn't want to see. This could cause a further decline in the stock although not as dramatic as Monday's decline, I would hope. If you think about it, why would you halt trading on good news? I'm thinking it will not be good news. JMHO.
-Onestroke
I'm thinking GTE will not trade for the rest of the day to allow investors to cool off over the weekend after the bad news comes out. That's my guess.
-Onestroke
I think we are entering an exciting time with Softnet's recent merger with Inspara. Although the news has been thin lately, I definitly believe STTC will start attracting new investors when the quarterly earnings start to come out this year.
The CEO is still buying shares as recent as 02/03/06, which is really positive IMO. Also, considering how much of his personal money he has invested in this company, I believe will be a strong incentive to ensure that STTC is a success. I think the CEO is an invaluable asset to STTC and I like his enthusiasm.
-Onestroke
Looks like we are running out of time to test Sanswire Two. With less than 2 weeks left in the year and Christmas this weekend then New Years the following weekend, I'm not betting we will have Sanswire Two tested by the end of the year. Most likely an announcement of a delay will be coming down the pipes. We've all seen it before. Brace yourself!
I apologize for not responding sooner. I lost my house and everything I own to Hurricane Katrina and have not been able to keep up with the stock market. I'm still looking for a place to live, so I only get a chance to look at the market on occasion at work.
I did get a blurb about a large number of shares being sold by an advertising agent (I think it was an advertising agent). It is not uncommon to see that happen since many advertising agents are paid with company stock to offset the cash that companies have to pay them. Advertising agents really can't afford to hold the shares for an extended period of time because they need the money to help keep operations flowing that is why the sell. They are usually not long term holders. In addition, the cash that they receive from companies is usually not a lot.
-Onestroke
Very exciting news today!
-Onestroke
SoftNet Technology Subsidiary, Indigo Technology Services, Enters into a Network Engineering Agreement with CompUSA
Tuesday August 23, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 23, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today an agreement between retail giant CompUSA and SoftNet Technology's wholly owned subsidiary, Indigo Technology Services, to provide highly specialized network engineers and systems developers for a long term project with a nationally recognized law enforcement information systems company.
Indigo's engineers will provide core knowledge and implementation experience to a fast moving project in the southeastern United States. The ability to deliver highly skilled and trained professionals was cited by CompUSA as a core competency of Indigo, and a chief factor in their decision. This relationship has been building for some time with both CompUSA and Indigo looking to further grow the relationship into the future.
This new arrangement is confirmation of the continuing success brought in part by Indigo's strategy to significantly grow revenue by leveraging cross-marketing opportunities with existing clients of newly acquired firms. This strategy has served to lower Indigo's total cost per sale and has helped the company grow revenues by more than 500% on a monthly basis over the first 7 months of the year.
"It truly is a testament to the incredible progress made by Indigo to be working with the leading computer retail giant - CompUSA," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "Indigo is now entering a stage where they will be growing at incredible rates for the foreseeable future."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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.
--------------------------------------------------------------------------------
Contact:
SoftNet Technology
James M. Farinella, 866-898-4842
Local: 908-204-9911
www.softnettechnology.com
or
Investor Relations:
Blue-Sky Solutions
Stephanie Soleas, 877-4-BLUE-IR
sttc@blueskyir.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
I understand your concern about the earnings, but Jim did say they will have to file a correction which should put us on target. Apparently, certain personnel are still having problems following the SEC guide lines for quarterly earnings reporting. Also, since STTC just acquired Based Cord Consulting they probably did not have enough time to get the numbers together to report all revenue made. I think STTC is still working out some kinks in the internal operations. As you may remember, STTC recently created an Audit committee to be headed by Mr. Pollack who was recently added to the Board of Directors. I believe with the help of Mr. Pollack, STTC will be able to streamline the reporting process in the future. I would hope to see the next quarter earnings filed on time, unless there is another acquisition, which is highly possible.
Also, Jim seems to be very excited with Indigo Technologies. I hope to see some good things bubbling up from this subsidiary in the near future.
As for me I'm still holding strong. Since the CEO continues to buy more shares, so will I.
-Onestroke
SoftNet Technology Announces Second Quarter Results - Record Growth in Sales Reported Again
Thursday August 18, 4:49 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 18, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce its second quarter results for the period ending June 30, 2005. STTC posted revenues of $350,000, an increase of approximately 50% over first quarter 2005 results of $230,000. In addition, these revenues reflect a more than 700% increase compared to the second quarter 2004.
STTC has recently bolstered its internal governance procedures with the addition of an internal audit committee and a control and procedures committee, which is reviewing its financial policies and accounting procedures. As a result of the committee's recommendations, certain policies have been implemented in order to ensure STTC's continued compliance with GAP accounting and SEC guidelines.
Due to these recent changes in accounting procedures, approximately $100,000 plus in additional booked revenue is not reflected in this statement. This upward revision will bring STTC Up to the projected revenue for the Quarter that was previously announced. SoftNet expects to file an amended 10Q for the second quarter to revise upward its second quarter report. It is of the utmost to management to report the more conservative revenue figure today to make sure that the additional revenue expected to be added to the revised report is accurate and complete.
"I'm very pleased with the advances STTC has made in the second quarter," says James M. Farinella, CEO. "Our growth rate is strong and sustainable. WholesaleByUs is rapidly growing and Indigo's contributions continue to expand very quickly. To help accommodate our growth, we strengthened our infrastructure considerably over the last quarter, with the addition of an Audit committee, a Procedures and Control committee and the retention of Mike Pollack."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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.
--------------------------------------------------------------------------------
Contact:
SoftNet Technology
James M. Farinella, 866-898-4842
or Local - 908-204-9911
www.softnettechnology.com
or
Investor Relations:
Blue-Sky Solutions
Stephanie Soleas, (877) 4-BLUE-IR
sttc@blueskyir.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
The CEO just bought 10,000 more shares at .225 on Monday. I think I'll buy some more too.
-Onestroke
SoftNet Technology Acquires Atlanta, Georgia Based Cord Consulting
Tuesday August 2, 2:09 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 2, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today the acquisition of Atlanta, Georgia Based Cord Consulting (Cord). Cord has been merged into SoftNet Technology's wholly owned subsidiary, Indigo Technology Services.
In business for over three decades, Cord provides information technology services to small and medium size businesses. These services include sale, installation, maintenance and repair of computer and network hardware and software, local and wide area communications, and client applications. Acting as an outsourced Information Technology resource, Cord monitors critical processes and advises clients on optimal ways to achieve IT goals while containing costs. Cord has maintained relationships with several of their clients for more than a decade due to the excellence in service provided by Cord.
Cord Consulting brings approximately $12,000 per month in revenue to Indigo. Additionally, this Acquisition brings a very impressive client list that greatly enhances Indigo's core business. This completes the first acquisition since the engagement of Stanton Walker by SoftNet Technology. Stanton Walker will continue to forge ahead with other potential acquisition candidates for SoftNet as well as continue to provide Business consulting and advisory services.
"I am very excited to complete this acquisition," said Mr. Farinella. "Stanton Walker has quickly added value to SoftNet not only through acquisition assistance, but also in providing business advice and consulting to our current subsidiaries."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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.
--------------------------------------------------------------------------------
Contact:
Blue-Sky Solutions
Investor Relations:
Stephanie Soleas, 877-4-BLUE-IR
sttc@blueskyir.com
or
SoftNet Technology
James M. Farinella
866-898-4842 (local - 908-204-9911)
www.softnettechnology.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
Lowtrade,
Have you looked at GCCP before? The revenue for this company was @ 5M for 4Q, then @ 10M for 1Q, then 15M for 2Q. Just glancing at the fundamentals it appears that they are headed in the right direction with an acceptable amount of debt for a penny stock. The PPS seems to be pretty reasonable too. What do you think?
-Onestroke
SoftNet Technology's Provides Revenue Guidance for 3rd and 4th Quarters - 100% Growth or Higher Expected
Thursday July 14, 8:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--July 14, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce that daily sales for the overall Company are currently on a pace to bring another quarter of more than 100% growth in revenue.
Sales are on pace to reach $1,000,000 or more for the 3rd quarter compared to the estimated $500,000 for the second quarter. This figure does not reflect potential new contracts, acquisitions and/or accelerated internal growth that is expected from SoftNet's third United States subsidiary, Solutions Technology, or sales generated from SoftNet International GmbH. As the holiday season approaches, growth heading into the fourth quarter could be as much as 200% or more.
Currently all projections are based solely on revenue being generated from Indigo Technology Services and WholesaleByUs. However, it is expected that Solutions Technology will be contributing to the overall company by the end of July. This week, the final pieces are being put into place for SoftNet International to be online as well. Additionally, the Media Blitz is just in the early stages of development and will be in full swing in the near future.
"Our Growth Strategy is developing just as well as we expected it would," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "With the media blitz just starting to kick in we should see the SoftNet family of companies really blossom and jump to a whole new level."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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 statement 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.
--------------------------------------------------------------------------------
Contact:
SoftNet Technology
James M. Farinella, 866-898-4842 or 908-204-9911
www.softnettechnology.com
or
Investor Relations:
Blue-Sky Solutions
Stephanie Soleas, (877) 4-BLUE-IR
sttc@blueskyir.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
From the interview it seems that STTC could be acquiring another company very soon, possibly in the next couple of weeks. If we could acquire another company that has a similar business then the number of sales could jump up dramatically and the number of items for sale could jump up quickly as well. I really like the fact that STTC's earnings are growing exponentially and it hasn't even branched out internationally. I was disappointed not to hear anything about going international, but it will probably take longer to do that than expected. Again, Jim mentioned that we should keep our eyes open for something to happen with Solutions Technology, but he has said this before and we have yet to see substantial news about this subsidiary. I'm not complaining though. I'm anxious to see the re-design of the WBUshopping.com website. Although I know their website is not the major source for sales, it would make a better impression on customers and investors. I just hope it is a major improvement over the current site. This holiday season should be very exciting for WBU. I hope we will be ready.
-Onestroke
From the interview it seems that STTC could be acquiring another company very soon, possibly in the next couple of weeks. If we could acquire another company that has a similar business then the number of sales could jump up dramatically and the number of items for sale could jump up quickly as well. I really like the fact that STTC's earnings are growing exponentially and it hasn't even branched out internationally. I was disappointed not to hear anything about going international, but it will probably take longer to do that than expected. Again, Jim mentioned that we should keep our eyes open for something to happen with Solutions Technology, but he has said this before and we have yet to see substantial news about this subsidiary. I'm not complaining though. I'm anxious to see the re-design of the WBUshopping.com website. Although I know their website is not the major source for sales, it would make a better impression on customers and investors. I just hope it is a major improvement over the current site. This holiday season should be very exciting for WBU. I hope we will be ready.
-Onestroke
From the interview it seems that STTC could be acquiring another company very soon, possibly in the next couple of weeks. If we could acquire another company that has a similar business then the number of sales could jump up dramatically and the number of items for sale could jump up quickly as well. I really like the fact that STTC's earnings are growing exponentially and it hasn't even branched out internationally. I was disappointed not to hear anything about going international, but it will probably take longer to do that than expected. Again, Jim mentioned that we should keep our eyes open for something to happen with Solutions Technology, but he has said this before and we have yet to see substantial news about this subsidiary. I'm not complaining though. I'm anxious to see the re-design of the WBUshopping.com website. Although I know their website is not the major source for sales, it would make a better impression on customers and investors. I just hope it is a major improvement over the current site. This holiday season should be very exciting for WBU. I hope we will be ready.
-Onestroke
Thanks, for your contribution.
-Onestroke
SoftNet Pre-Earnings Announcement - 2nd Quarter Revenue More Than Doubles 1st Quarter Revenue
Monday July 11, 10:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--July 11, 2005--SoftNet Technology (OTCBB Symbol:STTC - News; German WKN#: A0B7RZ) today provides a preview look at the 2nd Quarter numbers to be released, in late July/early August. Sales for the second quarter of 2005 jumped an estimated 1,000% from the comparable second quarter of 2004. For the fiscal year 2005, second quarter revenue has more than doubled first quarter revenue.
Projected revenue, in the second quarter, came in better than $500,000 compared to about $45,000 for the second quarter of 2004 and $230,000 for the first quarter 2005. These revenue increases have also come at a time when sales typically slow down. SoftNet wholly owned subsidiary, Indigo Technology Services (Indigo), showed an increase in revenue from the first to second quarter of about 100% with sales jumping from about $80,000 to just over $160,000. STTC's wholly owned subsidiary, WholesaleByUs (WBU), also showed a jump in revenues of 100% or better from the first to second quarter 2005.
Sales in the month of June came in just as strong if not stronger than the combined totals for the first two months (April and May 2005) of the second quarter. In the past 12 months, SoftNet has increased revenues every single quarter. Organic growth coupled with the addition of potential acquisitions that should strengthen STTC's core business should facilitate continued accelerated growth well into the future.
The Company releases these numbers subject to verification by the auditors who are waiting on certain confirms and other items to complete the full 10Q report for the second quarter. Until the report is released, the numbers cannot be guaranteed. However, it is not expected that the numbers provided by the Company, in this release, will vary in any material way
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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 statement 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.
--------------------------------------------------------------------------------
Contact:
SoftNet Technology
James M. Farinella, CEO
866-898-4842
local - 908-204-9911
www.softnettechnology.com
or
Investor Relations
Blue-Sky Solutions
Stephanie Soleas
(877) 4-BLUE-IR
sttc@blueskyir.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
Looks like a great buying opportunity at this price level. This is the second time this month we are testing the support level @ .24 pps. Today being the last day of the month makes it even more attractive because I'm sure Jim Farinella will have something to say about this exciting month we've had. I'm looking forward to a PR tomorrow. I think we will hit 28 cents again in a short time if you are looking to do a swing trade. This company is only getting better. Can't wait until we go international with WBU.
-Onestroke
SoftNet Subsidiary, WholesaleByUs, Expands Into The Automotive Industry Increasing Product Offering To Well Over 3 Million Products
Tuesday June 21, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--June 21, 2005--SoftNet Technology Corp (SoftNet) (OTCBB Symbol:STTC - News; German WKN#: A0B7RZ) announced today that Its wholly owned subsidiary, WholesaleByUs, LLC (WBU) has signed a deal with a major Southwestern United States supplier of automotive products. WBU potentially adds as many as 2,000,000 more products to increase its product offering to as many as 4,000,000.
The supplier of these products has well over 1,000,000 products in inventory. In the future, however, there could be as many as 2,000,000 automotive supplies and products uploaded to the WBU system from this one supplier. These products cover a diverse and wide offering including, but not limited to: filters, batteries, water hoses, alternators, oil, oil additives, windshield wipers, cleaners, and spark plugs.
The warehouse that contains these products is two stories high and expands the length of a full city block. It is located near the WBU fulfillment center, which will facilitate a smooth and quick delivery of products to customers. WBU intends to upload the products to the system this week. Over approximately the next two weeks, all of the automotive products will be available on the WBU Web site and all of the search engines, and third party portals.
"WBU has increased their product offering from about 500,000 to well over 3,000,000 in just about one month," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "They continue to add inventory depth, with a consistent focus on efficiency, customer service and technological advancements."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations; please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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 statement 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.
--------------------------------------------------------------------------------
Contact:
Investor Relations
Blue-Sky Solutions
Amy Woodel, (877) 4-BLUE-IR
sttc@blueskyir.com
or
SoftNet Technology Corp
James M. Farinella, 866-898-4842
(local - 908-204-9911)
--------------------------------------------------------------------------------
Source: SoftNet Technology Corp
SoftNet Technology Generates Record One Month Revenue With One Third Of The Month Of June Still Remaining
Monday June 20, 10:00 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--June 20, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) is pleased to announce today that Softnet has generated Its best ever Month in revenue with 10 days still left. Sales in the last 10 days of June are expected to not only come close to, but possibly exceed the sales generated in the first 20 days of the month. Additionally, WBU has instituted major changes to the face of the www.wbushopping.com website.
The sales generated in the first 20 days of June come from the combined efforts of Indigo Technology (Indigo) and WholesaleByUs (WBU) with WBU being the bigger revenue generator. The features that have been added to the WBU system have had a dramatic upward effect on the daily sales. New Product that has been added is also having a profound effect on the daily sales. Revenue in this 2nd quarter has already surged well over $450,000. Sales in the second quarter have already more than doubled first quarter revenue.
SoftNet will easily surpass the whole first quarter in sales just in the month of June alone. It also appears likely that SoftNet's sales in June will surpass the combined sales of April and May. Very important during this major increase in sales over the Internet is that WBU has been able to complete the fulfillment of the products ordered with relative ease. The technology and procedures have been refined to a point that will allow for major increases in sales for WBU well into the future.
The sales for SoftNet are estimated and not reviewed by the Company Auditors, but should not vary more than a few thousand dollars. Major changes have been made to the WBU website. It is expected that these changes will lead to further revenue growth here in the 2nd quarter and into the 3rd quarter. However, more changes will be continually made to the website as new products and additions are brought into the system. WBU currently has about 2 million products in the system but expects that number to more than double in the near future.
"The second quarter truly has become a defining period of time for the company," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "It is just amazing to be part of a dynamic team committed to building something special."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or info@blueskyir.com. You may also call 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 statement 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.
--------------------------------------------------------------------------------
Contact:
SoftNet Technology
James M. Farinella, 866-898-4842 or 908-204-9911
or
Investor Relations:
Blue-Sky Solutions
Amy Woodel, 877-4-BLUE-IR
info@blueskyir.com
--------------------------------------------------------------------------------
Source: SoftNet Technology
SoftNet Subsidiary, Indigo, Gains National Attention - Signs Application Development Services Deal For Small Businesses Across United States
June 16, 2005 10:00:05 (ET)
BERNARDSVILLE, N.J., Jun 16, 2005 (BUSINESS WIRE) -- SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) announced today that wholly owned subsidiary, Indigo Technology Services (Indigo), signed several new contracts in the past week. These contracts include small business server products, Business Management software, staffing application development/architecture projects and a National Partner Agreement for Application.
Indigo signed a strategic agreement with Excalibur Technologies from Barrington, Illinois to be the first users of the Avalon Business Management Software. This software is designed specifically for managing the operations of a complex Information Technology consulting firm that specializes in the small business-consulting arena. Avalon will raise Indigo into the top 10th percentile of small business IT firms that offer this kind of service. This tool provides Indigo with a significant advantage over the competition.
To take things further, a National Partner Agreement was signed with Buyer Zone. This will expose Indigo to hundreds of small businesses requiring assistance for their technology needs. Additionally, Indigo signed an agreement with a national recruiting firm to help assist in staffing application/architecture projects. This allows Indigo to stay actively involved in software projects across the United States.
Indigo also made amazing inroads with Its Small Business Server Product. Since this products release just one month ago, more than half of Indigo's clients have been converted to the new system. This product serves as a solid foundation to small business networks, centralizing and easing email, file collaboration and disaster recovery solutions. By the end of July, Indigo plans on having all of Its client base converted to the new product.
"The advancements that Indigo has made in the past month is nothing short of amazing," said Mr. James M. Farinella, CEO/President of SoftNet Technology Inc. "Indigo is becoming a major profit center for SoftNet Technology. The month of June is far exceeding our expectations."
Please visit our website at www.softnettechnology.com for more information or call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella.
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 statement 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.
SOURCE: SoftNet Technology
SoftNet Technology
James M. Farinella, 866-898-4842
(local - 908-204-9911)
SoftNet Subsidiary, WholesaleByUs, More Than Doubles Product Offering From 750,000 To 2,000,000
Monday June 13, 2:30 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--June 13, 2005--SoftNet Technology Corp (SoftNet) (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) today announced that its wholly owned subsidiary, WholesaleByUs, LLC (WBU), added more than 100% more products to bring the total offering to about 2,000,000 products for sale through the WBU System. In its ongoing effort to aggressively expand sales, WBU also continues to institute new features to the WholesaleByUs system.
The main increase to 2,000,000 products comes primarily from the addition of books. However, more electronics, home goods, movies and music products have been added as well as some medical supplies products. The products have been added into the WBU System and will be uploaded in the coming days to the multitude of portals and search engines that WBU utilizes. New shopping categories have been and will continue to be added to the website as more and more products are added going forward.
Daily revenue in June so far is showing that this month will easily be the highest gross revenue generator on record. Several features of the WBU System were turned live last week. Now, with these new products being added, there is expected another big jump in sales to occur in the second half of June. This also continues preparations for the upcoming fall and holiday season.
"We have seen fantastic results from the additions to the system that were made last week," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "I am very optimistic about what will occur with our offering increasing to 2 million products. What's so exciting is that, despite our continued and aggressive additions to WBU's product line, we are only at the beginning stages of our growth strategy."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call 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 statement 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.
--------------------------------------------------------------------------------
Contact:
For Investor Relations
Blue-Sky Solutions
Amy Woodel, (877) 4-BLUE-IR
sttc@blueskyir.com
or
SoftNet Technology Corp
James M. Farinella, 866-898-4842
(local - 908-204-9911)
--------------------------------------------------------------------------------
Source: SoftNet Technology Corp
To answer your first question, I think you need to read my previous posts about Jim. I think he is very trust worthy. I have no reason to believe he is not. Jim is also a workaholic and I like his energy and zeal for his company.
Secondly, any acquisitions that we can make to improve our revenue, speed, and growth will ultimately be to our advantage. If you look at the recent acquisitions that STTC has made, it appears that Jim has made good choices. Indigo is already adding to the bottom line and it looks like Net Centric Solutions is starting to grow too. How do we pay for these companies you ask, by purchasing them with mostly STTC shares and a small amount of cash. You have to understand that STTC is in a growth stage. Acquisitions are part of growth to expand our reaches and eliminate competition.
Personally, I think we could be sitting on a gold mine. STTC is growing at a phenomenal rate and Jim knows it, that's why he keeps buying shares in the open market while it is still a penny stock. STTC has much further to grow IMO.
-Onestroke
SoftNet Technology Announces Enhanced M & A Program
Thursday June 9, 1:39 pm ET
Signs Business Advisory and Consulting Agreement to Assist in M & A
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--June 9, 2005--SoftNet Technology (OTCBB: STTC - News; German WKN#: A0B7RZ) announced today that it has signed a business advisory and consulting services agreement with New York-based Stanton Walker & Company. Stanton Walker will assist in the evaluation of certain strategic acquisition and joint venture opportunities facing the Company. Stanton Walker's work will include due diligence, structuring transaction terms and providing consulting services throughout the process. Stanton Walker will also seek potential acquisition candidate companies that fit SoftNet's business objectives.
James M. Farinella, Chief Executive Officer, stated, "We have been building SoftNet through acquisitions and now through growth from the new subsidiairies. However, we will look forward to evaluating opportunities that could enhance our company's revenue and profits and provide additional capital to execute the Company's growth plans. These goals will require the assistance of specialized experts. We feel Stanton Walker can do this expeditiously."
Mr. Farinella continued, "We believe there are many other companies similar to our company that might have products or services that would benefit from becoming a part of SoftNet. For SoftNet and its shareholders, acquisitions represent a powerful growth strategy."
About Stanton Walker & Company
Stanton Walker & Company provides a full range of strategic operational, marketing, financial advisory and M & A services to public companies. While they provide assistance in a wide array of industries, Stanton Walker is especially interested in working with companies where their products and/or services appear to offer the company's stakeholders an opportunity for a significant return.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Amy Woodel, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella, CEO.
Legal Notice
Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.
--------------------------------------------------------------------------------
Contact:
For Investor Relations
Blue-Sky Solutions
Amy Woodel, (877) 4-BLUE-IR
sttc@blueskyir.com
or
SoftNet Technology
James M. Farinella, 866-898-4842
(local - 908-204-9911)
--------------------------------------------------------------------------------
Source: SoftNet Technology