Message #35 From:
NewsBot Date: July 14, 2005 01:00:00 AM
STTC News SoftNet Technology's Provides Revenue Guidance for 3rd and 4th Quarters - 100% Growth or Higher Expected
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--July 14, 2005--SoftNet Technology (OTCBB Symbol: STTC) (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.
