DALLAS, May 26, 2005 (PRIMEZONE) -- TalkingStocks.com's Senior Investment Analyst Shailesh Dhuri, CFA, TalkingStocks.com released a new Profile Report discussing recently released 1Q 2005 sales figures for SoftNet Technology (OTCBB:STTC). Sales for the first quarter of 2005 were reported at $234,000 compared to $1,275 for the first quarter of 2004. The Company achieved the impressive sales growth mainly due to the performance of WholesaleByUs. WholesaleByUs generated approximately $270,000 in sales over the Internet in the first quarter. However, due to the difference between timing of order booking and the actual shipment, WBU recorded only $160,000 of that order book for reporting purposes. In addition, Indigo had reported sales of $74,000 for the quarter.
Mr. Dhuri believes that the Company is well-positioned in the growth area of e-commerce, and that their diversification into Europe opens attractive growth opportunities.
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http://talkingstocks.com/reports/STTC_052605.php
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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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