STTC Subsidiary, WholesaleByUs, Expands Product Distribution to Three More Portals -- Bidmix.com, Ubid.com and Closeoutheadquarters.com


BERNARDSVILLE, N.J., Jan. 21, 2005 (PRIMEZONE) -- SoftNet Technology (OTCBB:STTC) (German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU) expanded product Distribution to www.bidmix.com, www.ubid.com and www.closeoutheadquarters.com.

These three portals continue the rapid expansion and setup of WBU to the widest array of distribution possible for suppliers who want to sell their products through the Internet. While WBU will continue to add more portals, a focused effort is now being made to rapidly add more products for distribution. It will take approximately 30 days to provide full listings of all products sold through the WBU system to be added to all of the current portals. Some portals allow for the mass upload of products while other portals require a more tedious effort of placement.

A more varied offering of products will be added into the WBU system in the coming weeks and months. Further expansion to overseas markets is also in the process of being upgraded. Manufacturers and suppliers of products continue requests for more information on the process of selling through WBU on the Internet.

"While everyone is excited about WBU, great strides are being made with Solutions Technology and the SecureTime Biometric ID System," stated Mr. James M. Farinella, CEO/President of SoftNet Technology. "It is fantastic to see the results that are starting to materialize from all of our hard work."

Please visit our website at www.softnettechnology.com for more information or call the company directly at 866-898-4842 (local: 908-204-9911).

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 statement 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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