SoftNet Subsidiary, Indigo, Signs 3 New Contracts And Assists in Disaster Recovery of An Exchange 2003 E-mail Infrastructure
Monday May 9, 4:00 pm ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--May 9, 2005--SoftNet Technology (OTCBB Symbol: STTC - News; German WKN#: A0B7RZ) announced today that wholly owned subsidiary, Indigo Technology Services (Indigo), signed 3 new maintenance contracts with clients to monitor their servers, provide technology management and support. They have entered into a contract with GleedsUsa to manage their IT infrastructure, provide ongoing technology consulting and provide disaster recovery solutions.
This contract adds to Indigo's technical services division. This is a large part of the company as it provides a majority of recurring revenue that is generated by the Company. Indigo will be providing services such as exchange implementation and consulting, server monitoring and maintenance, technology business process improvements and disaster recovery. Indigo's consulting messaging division was engaged to assist in a disaster recovery of an Exchange 2003 E-mail infrastructure. Indigo responded and restored E-mail operations within 4 hours. Over the course of 4 days, Indigo stabilized and cleaned out the E-mail environment. Indigo will retain all ongoing server maintenance for the company.
"As more companies engage Indigo's consulting division, disaster recovery and messaging divisions, we expect to see profound revenue growth," said Mr. James M. Farinella, CEO/President of SoftNet Technology Inc. "Indigo is really starting to show the value that SoftNet Management had envisioned when we acquired them.
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.
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Contact:
SoftNet Technology Inc.
James M. Farinella, 866-898-4842 or 908-204-9911
www.softnettechnology.com
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Source: SoftNet Technology Inc.
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