CRANFORD, N.J., Sept. 21, 2006 (PRIMEZONE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN#A0B7RZ) is pleased to announce that they have entered into the lucrative government business arena providing an array of services through current nationwide suppliers.
Through SoftNet's business agreement with current suppliers, such as Network Appliance, STTC has already provided and will continue to provide technical assistance and project management expertise on Federal Government contracts and installations requiring Top-level Clearance. These new offerings by SoftNet only further strengthen its relationship with current suppliers. This multifaceted approach in the core IT business continues to provide SoftNet a competitive advantage in this arena of business offerings.
Additionally, SoftNet has entered into partnership arrangements with select 8A companies who possess access to certain GSA schedules that are consistent with the Company's expertise and IT practices. The Company expects to be able to assist these 8A organizations in executing their commitments with the U.S. Government. Additionally, through SoftNet's SMB division, based in Atlanta, GA. the company is currently being considered as a vendor in a number of local government projects in Georgia.
"These government business sector initiatives will enable the Company to leverage our core strengths, and economies of scale, through the new partnerships we forge and strengthen with our existing national partner relationships. The 8A business presents a whole new, and different, channel of business for the Company that has not been explored previously," said Kevin Holt, President of STTC.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 866-898-4842 (local 908-204-9911) James M. Farinella, CEO.
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