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Press Release Source: SoftNet Technology Corp. SoftNet Technology`s CEO/President Purchases 827,000 Shares of STTC in the Open Market Tuesday October 19, 2:45 pm ET BERNARDSVILLE, N.J., Oct. 19, 2004 (PRIMEZONE) -- SoftNet Technology (OTC BB:STTC.OB - News) (German WKN#:A0B7RZ) announced today that the President and CEO has now purchased 827,000 shares of STTC in the open market in the past 60 days. The Company`s CEO purchased 60,000 of the more than 825,000 shares on October 18, 2004. ADVERTISEMENT The purchases by the CEO yesterday were completed between $.067 and $.072. This now marks the 5th time in less than two months that the CEO of STTC has purchased shares in the open market. Even though the President/CEO has already acquired such a large position, he has made it clear that he intends to purchase up to 1,000,000 shares. The CEO just returned from Europe and informed management that the opportunities to expand the Wholesalebyus (WBU) model to the European Community should provide a significant upward impact on the overall sales of the Company heading into 2005. The interest by distributors, suppliers and numerous marketing firms for STTC`s Internet distribution capabilities is very strong. Capital requirements to expand operations to Europe will not be a factor allowing for a quickened pace in implementing operations through STTC`s German Subsidiary. ``I imagined special things for Softnet Technology back in August when we acquired WBU,`` said Mr. James M. Farinella, CEO/President of SoftNet Technology. ``I had really foreseen tremendous growth. But nothing like I now expect due to the expansion plans in Germany and the Rest of Europe. The Holiday season this year is really going to be a magical one for sure.`` Four Form 4`s have been filed as required with the SEC and can be viewed by going to the Company`s website http://www.softnettechnology.com. Then click on the link for SEC Filings. It should be noted that purchases were made from as low as 1.9 cents to as high as 7.2 cents. Please visit our website at http://www.softnettechnology.com for more information or call the company directly at 866-898-4842 (local: 908-204-9911). 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 James M. Farinella (866) 898-4842 local: (908) 204-9911 www.softnettechnology.com -------------------------------------------------------------------------------- Source: SoftNet Technology Corp. Quelle: http://biz.yahoo.com/pz/041019/65817.html |
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| aus der Diskussion: | Raider heißt jetzt Twix - aus TTGG wird STTC |
| Autor (Datum des Eintrages): | worsel_L2 (19.10.04 21:31:16) |
| Beitrag: | 126 von 358 (ID:14801618) |
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