WESTON, Fla., Jan. 19, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: SoftNet Technology Corp. (OTCBB:STTC), Ford Motor Company (NYSE:F), Qwest Communications International Inc. (NYSE:Q) and eBay Inc. (Nasdaq:EBAY).
Once again, aggressive investors and traders should be watching SoftNet Technology Corporation (OTCBB:STTC) this morning! Yesterday the company issued a press release announcing that its wholly-owned subsidiary, WholesaleByUs (WBU) expanded product distribution to Froogle.com and Overstock.com. Froogle.com is operated and run by Google.com. Overstock.com is another auction site similar to eBay.com.
This could be more great news for investors! Overstock.com is an auction site that is expanding its presence on the Internet at an extremely fast rate. Overstock was chosen because it currently provides for the ability of WBU to expand and maximize profitability.
WBU will be selling through the Froogle.com portal here in the United States and in the United Kingdom. Froogle.com will redirect all searches for products listed through the froogle.com search engine to the WBU website.
Investors continue to watch this one! According to the press release, STTC has been inundated with requests by suppliers of products for more information on the process of selling through WBU on the Internet. Suppliers who are not already selling through WBU will soon learn what suppliers who already sell on and through WBU know -- that selling through WBU costs the supplier nothing.
Just last week, the company reported that WholesaleByUs had expanded to the European Market and that the WBU System went live. The 11 countries in and around the European Community that sales have begun include: The Untied Kingdom, Spain, Sweden, Switzerland, Netherlands, Italy, Ireland, Germany, France, Belgium and Austria. The initial postings of products will be through the eBay URL for each country.
For more in-depth coverage of SoftNet Technology, visit http://216.63.242.254/STTC0118.htm
The stock closed yesterday around 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: Ford Motor Company (NYSE:F) up 0.1% on 10.2 million shares traded, Qwest Communications International Inc. (NYSE:Q) up 6.2% on 10.3 million shares traded and eBay Inc. (Nasdaq:EBAY) up 1.1% on 10.8 million shares traded.
Commentary:
"Earnings this week will show much more information for the last quarter; expect sales figures from 3M, IBM, Bank of America, eBay, Yahoo, GM, JP Morgan Chase, and Citigroup," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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