Message #34 From:
NewsBot Date: July 13, 2005 02:27:00 AM
STTC News SoftNet Technology Appoints Michael Pollack To The Board of Directors - Creates Audit and Controls and Procedures Committees
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--July 13, 2005--SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) today announces the new addition of Michael Pollack to the Board of Directors. SoftNet also creates an Audit committee to be headed by Mr. Pollack. Additionally, Michael Pollack will head up the newly formed Control and Procedures committee.
Mr. Pollack, CPA, has over sixteen years of experience in public accounting and consulting to various publicly traded and private companies. He also has vast knowledge of capital financing, debt refinancing, strategic repositioning, development restructuring and private placement offerings. Michael Pollack directs various SEC engagements, as well as financial service engagements, and has been effective as an outsourced CFO.
Michael has assisted companies not only in the preparation and review of audits in accordance with auditing standards generally accepted in the United States of America, but has prepared numerous market and financial feasibility studies that directly led to the raising of 1.5 billion dollars in financing.
He graduated from the University of Maryland with a Bachelors of Arts in Economics. He is a member of the American Institute of Certified Public Accountants, as well as the Pennsylvania Institute of Certified Public Accountants. Michael currently is licensed as a CPA in the state of New York and New Jersey.
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.
