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Press Release Source: SoftNet Technology, Corp. CORRECTING and REPLACING SoftNet Technology Corp`s CEO/President Purchases Shares of STTC in the Open Market Monday August 23, 9:29 pm ET BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 23, 2004--In BW5655 issued Aug. 23, 2004: First graph, second sentence of release should read: The purchases occurred on August 18, 2004 and August 19, 2004 at an average price of about 2.5 cents (sted: The purchases occurred on August 23, 2004 and August 24, 2004 at an average price of about 2.5 cents). The corrected release reads: SOFTNET TECHNOLOGY CORP`S CEO/PRESIDENT PURCHASES SHARES OF STTC IN THE OPEN MARKET SoftNet Technology (OTCBB: STTC - News) announced today that the President and CEO purchased 300,000 shares of STTC in the open market. The purchases occurred on August 18, 2004 and August 19, 2004 at an average price of about 2.5 cents. This is the first time that the CEO, James M. Farinella, of STTC has purchased shares in the open market. However, this now marks the third time in the last couple of years that the President of the Company has invested his money into the Company. The other investments by Mr. Farinella were made directly into STTC. The Company is extremely pleased that the CEO has this much confidence in the future prospects of the Company by purchasing shares in the open market. Just recently, SoftNet Technology, Corp. entered into a binding agreement to acquire WholesaleByUs, LLC as a wholly owned subsidiary. In the press release of August 10, 2004, the company stated that "dramatic increases in sales... ...are expected over the next 6 months". A Form 4 has been filed as required with the SEC and can be viewed by going to the Company`s website www.softnettechnology.com. Then click on the link for SEC Filings. "I believe there exists great value in our Company," said Mr. Farinella. "I can think of no better investment for me right now than to invest in my own Company. We appear to be on the verge of tremendous growth in sales. The Company`s future appears brighter than it ever has." 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. -------------------------------------------------------------------------------- Contact: SoftNet Technology Corp. James M. Farinella CEO (866) 898-4842 or Local: (908) 204-9911 Website: www.softnettechnology.com -------------------------------------------------------------------------------- Source: SoftNet Technology, Corp. Quelle: http://biz.yahoo.com/bw/040823/235828_1.html |
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| aus der Diskussion: | Raider heißt jetzt Twix - aus TTGG wird STTC |
| Autor (Datum des Eintrages): | worsel_L2 (24.08.04 11:05:51) |
| Beitrag: | 18 von 358 (ID:14123722) |
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