WESTON, Fla., Jan. 12, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: SoftNet Technology Corp. (OTCBB:STTC), FLYi, Inc. (Nasdaq:FLYI), Nortel Networks Corporation (NYSE:NT) and Advanced Micro Devices, Inc. (NYSE:AMD).
Aggressive investors and traders should look at SoftNet Technology Corporation (OTCBB:STTC) this morning! Yesterday the company issued a press release announcing that its wholly-owned subsidiary, Wholesalebyus (WBU), has expanded to the European Market. The WBU System was initially turned live Monday morning and was set for sales to begin yesterday. Shipping of all products will be done through DHL Express.
This could be more great news for investors! The 11 countries in and around the European community that sales have begun include: The Untied Kingdom, Spain, Sweden, Switzerland, The Netherlands, Italy, Ireland, Germany, France, Belgium and Austria. The initial postings of products will be through the eBay URL for each country -- such as ebay.de for the German market and ebay.it for Italy. The expansion was much quicker and to many more countries than previously anticipated, due to the technology and procedure changes made in December 2004. In time, sales will be expanded beyond the eBay portals in Europe to the Yahoo portals as well.
Investors continue to watch this one! According to the press release, while there was a dip in daily sales while the new technology and procedures were being implemented in the past three weeks, current and future sales will be much larger and at much higher profit margins than originally thought possible. With the new personnel that was recently hired by WBU and with the advanced technology that was added, STTC should not only meet, but also easily surpass the $6,000,000 in projected sales for 2005.
For more in-depth coverage of SoftNet Technology, visit http://216.63.242.254/STTC0111.htm
The stock closed yesterday at twenty-one cents a share.
In case you are not familiar with the company: SoftNet Technology is a publicly traded company with wholly-owned subsidiaries -- Solutions Technology and Wholesalebyus. Solutions Technology's plan centers around the company's ability to offer a complete Biometric turnkey solution for a small or mid-sized company that needs to collect time and attendance, scheduling, entitlements, and personal/pay records. With a seamless interface to payroll services, it provides the client with one of the most cohesive time and attendance management systems available anywhere.
Stocks showing interesting activity yesterday at the close of the regular trading day were: FLYi, Inc. (Nasdaq:FLYI) up 35.5% on 18.5 million shares traded, Nortel Networks Corporation (NYSE:NT) up 4.1% on 43.7 million shares traded and Advanced Micro Devices, Inc. (NYSE:AMD) down 26.1% on 99.9 million shares traded.
Commentary:
"U.S. auto sales surged 8% in December as new auto buyers responded to the industries aggressive promotions, rebates, and low-interest incentives. There are around 16 million new cars sold in the U.S. every year. Detroit is also holding the Auto Show, presenting new models and prototypes this week," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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