ISELIN, N.J., March 14, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:TG6) is pleased to announce the signing of new agreements with major organizations for future engagements in the Company's core Practices and expertise.
The Company secured an agreement to partner with a global data storage equipment manufacturer, to supply consultants on various projects and engagements in the America's. The Company has also been engaged by an emerging storage equipment manufacturer to bring to market a consulting solution enabling their sales team to represent and sell a more holistic solution. Recently, SoftNet signed an agreement with a successful national Value Added Reseller (VAR) based in Somerset, NJ to complete mutually beneficial engagements. These agreements are expected to further strengthen SoftNet's business opportunities in North America.
"The securing of these agreements is incremental and strategic in nature for SoftNet. They are successful examples of the Company's 2007 direction and strategy to grow the core Practices aggressively. The VAR strategy is based in part on the changing dynamics of an important channel that is now beginning to focus on Professional Services as a natural, and profitable, extension of their primary business. SoftNet is well positioned to be the preferred partner in this endeavor," said Joe Luminoso- National Director- Data Storage Practice.
Additionally, SoftNet signed an agreement with CommonTime(tm) (http://web.commontime.com) in a mutually benefiting partnership that can open up avenues of revenue and business for both parties. CommonTime(tm) is a UK based global company that provides a mobile platform, exclusively for Lotus Notes(r) that allows organizations to easily and efficiently deploy Email/PIM, Instant Messaging and custom Domino(r) applications to Smartphones and PDA's.
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, option 7, James Booth-CEO.
To stay abreast of what's happening at SoftNet subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm
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.