WESTON, Fla., Jan. 10, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: SoftNet Technology Corp. (OTCBB:STTC), DoubleClick Inc. (Nasdaq:DCLK), LSI Logic Corporation (NYSE:LSI) and Biopure Corporation (Nasdaq:BPUR).
Aggressive investors and traders should look at SoftNet Technology Corporation (OTCBB:STTC) this morning! Friday after the markets closed, the company issued a press release announcing that its wholly-owned subsidiary, Wholesalebyus (WBU), has signed a new exclusive shipping arrangement with DHL for the shipment of goods purchased through the WBU system.
This could be great news for investors! According to the press release, the shipping arrangement is for both the United States and Internationally. This final hurdle clears the way for sales to actually begin in international markets. DHL ships to well over 200 different countries. This aggressive pricing plan entered into with DHL was instrumental in many ways. Specifically, DHL was able to provide such fantastic pricing that WBU will not only be able to compete pricing wise in Europe, but will actually have a competitive advantage. To make the purchase of products through the WBU system even more attractive, WBU will cover all broker fees for products shipped to Europe.
Investors watch this one! The press release states that domestically, this shipping deal means many things to WBU and the customer. Products will reach the customer much quicker than before. Secondly, WBU drastically improves profitability through lower shipping costs. Through this aggressive pricing plan, DHL has even agreed to provide some of the shipping supplies necessary for delivery of the goods to the customer. Again, this further increases the profitability of WBU. DHL is able to provide WBU better pricing than all of the other express shippers and even the post office.
"To be associated with such a reputable shipping company like DHL is really special," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "With the Marketing plan and shipping and distribution in place, STTC is really poised for a special year. Sales should explode more than anyone ever thought."
For more in-depth coverage of SoftNet Technology, visit http://216.63.242.254/STTC0109.htm
Prior to the news announcement, the stock closed Friday at around eighteen 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 Friday at the close of the regular trading day were: DoubleClick Inc. (Nasdaq:DCLK) up 8.1% on 11.9 million shares traded, LSI Logic Corporation (NYSE:LSI) up 4.2% on 7.3 million shares traded and Biopure Corporation (Nasdaq:BPUR) up 7.2% on 26.8 million shares traded.
Commentary:
"Employers hired workers in 2004 at the fastest pace in five years, with overall payrolls rising by 2.2 million. December's job growth was a bit lower than expected, with the unemployment rate holding at 5.4 percent. The Labor Department reported Friday that employers expanded their payrolls by a net 157,000 in December, bringing the year's increase to the highest level since 1999," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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