Joe Luminoso Joins SoftNet Technology; Strengthens Storage Practice Division of STTC


ISELIN, N.J., Dec. 12, 2006 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:A0B7RZ) is pleased to announce that Joe Luminoso has recently joined the Company as the National Director, Storage Practice.

Mr. Luminoso has over 20 years of experience in high-growth and leading edge-technology solutions supporting domestic and international delivery of value-added consulting offerings and product support services at a number of well recognized and industry leaders. Most recently, Mr. Luminoso was a Director of Professional Services for Network Appliance, Inc., where he was responsible for all facets of service delivery and consulting solutions in the Eastern U.S. and Canada for this world leader in unified storage solutions.

Prior to that assignment, he was the Executive Vice President of Leading Edge Communications, a consulting and software organization. He also gained valuable and relevant international experience as Vice President- Global Professional Services for Genosys Technology Management, a leading provider of remote network management services. Other past assignments include Vice President Enterprise System Management for Computer Associates, Platinum Technology and Director, Information Services for Paine Weber.

"The addition of Joe to the management team strengthens an already solid management group with many years in the IT Infrastructure consulting field. In his short time with the company he has added immediate value to the Company's technical strength and his industry wide contacts. These contacts will serve the Company well, both in the Americas and abroad, in 2007 and beyond.

In addition, Joe's technical expertise complements the very successful Security Practice, led by Michael Piscopo -- National Director, Security Practice and Telecom Practice led by Bill Raby, Director Enterprise Sales. The opportunities to provide more comprehensive solutions to prospective clients are enormous. Our 2007 Plan will leverage these specialized disciplines and they have positioned SoftNet as one of the leaders in providing value added services and solutions to these fast growing, high demand IT infrastructure practices," said Jim Booth-CEO.

Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, James Booth-CEO.

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 statements 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.



            

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