Message #31 From:
NewsBot Date: June 20, 2005 01:48:32 PM
STTC SoftNet Technology Generates Record One Month Revenue With One Third Of The Month Of June Still Remaining
SoftNet Technology Generates Record One Month Revenue With One Third Of The Month Of June Still Remaining
BERNARDSVILLE, N.J.
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
SoftNet Technology (OTCBB Symbol: STTC) (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.
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