ISELIN, N.J., Jan. 21, 2009 (GLOBE NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:SOFN) (German WKN:TG6) announced today it had been selected as a Preferred Provider for a National Wireless Telecommunications provider.
SoftNet management participated in a rigorous RFP process by the company of which the pool of providers was limited to approximately one in four of the organizations seeking status of Preferred Provider by this carrier. The reduction in the number of authorized providers will add value to our relationship with the client and the Company's overall business plan. Prior to the RFP, SoftNet was competing with numerous like firms. With the selection of fewer firms in the RFP process SoftNet will be one of a few select companies submitting against numerous projects and engagements this client relies on from outside Professional Services firms. The selection of SoftNet was based on a number of factors, including the Company's long term standing with the carrier, the reputation for supplying quality candidates for engagements, the competitive pricing structure SoftNet is able to achieve and the attention to the account by SoftNet Management.
"The management team of SoftNet is proud of this selection. It speaks to the focus the Company places on client satisfaction, the quality of work performed and the relationship of managers with their peers at a customer organization. The benefit of this status is that it could result in an increase in engagements for SoftNet in our core businesses, infrastructure and application development through a more efficient, timely and personalized approached to securing engagements. This will allow the Company to showcase and leverage two of our key reputation drivers; the quality of our consultants and recruiting capability" said Jim Booth, President of SoftNet.
SoftNet Technology Corp. is a Professional Services company offering professional expertise to enterprise and service provider clients. SoftNet's services are organized in three practice specialties, including Infrastructure Services, Application Development and Government Services.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, Jim Booth, President.
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.