Replies to post #5276 on SoftNet Technology Corp (fka SOFN)

[pennynplay]

It is the same, Softnet. Originaly founded in 1971 as International Mercantile Corporation.

See link below:

http://www.sec.gov/Archives/edgar/data/51387/000112785509000011/softnet10ka123107.htm

read the Corporate History and Background Section of the Report. Definitely the same Softnet that acquired Sterming Financial.

The publicly held entity that is today Softnet Technology Corporation (the Company or "SoftNet"), was founded in March, 1971 as International Mercantile Corporation (International Mercantile), organized under the laws of the State of Missouri. On July 22, 2004, The Company changed its name to Softnet Technology Corp.

International Mercantile Corporation, a Missouri corporation ("IMTL" or the "Company"), was founded on March 10, 1971, for the purpose of acquiring Frontier Insurance Company and Universal Life Holding Corporation. The Company effected these acquisitions on August 31, 1973. The Company subsequently acquired a controlling interest in Sterling Financial Corporation. Prior to 1997, the Company through various transactions which have previously been reported, divested itself of its entire ownership in these entities. In 1997, the Company acquired University Mortgage, Inc. , a diversified financial services company, which offers a full spectrum of financial and asset management services and products. The Company operates primarily on the East Coast and provides residential mortgages and equity investment. The Company also acquired Home American Mortgage Company, which as of December 1998 had no assets or operations. The Company does not retain any servicing rights on loans it originates.