STTC Subsidiary, WholesaleByUs, Adds 100,000 More Products And Three More Portals.BERNARDSVILLE, N.J. -- SoftNet Technology (OTCBB OTCBB See OTC Bulletin Board (OTCBB). Symbol: STTC STTC Space-Time Trellis Coding STTC Simulation & Training Technology Center (US Army RDECOM lab) STTC Sunrise Table Tennis Club STTC Sheppard Technical Training Center STTC Singing to the Choir STTC Soldering Technology Transfer Center ) (German WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) #: A0B7RZ) announced today that wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , WholesaleByUs (WBU WBU Wayland Baptist University WBU Wild Birds Unlimited WBU World Blind Union WBU World Boxing Union WBU World Broadcasting Union WBU What About You? WBU Boulder, CO, USA (Airport Code) WBU Web Based Utility ), expanded product Distribution to three more portals - Smarter.com, Nextag.com and Yahoo Marketplace. Additionally, WBU added more than 100,000 products to the WBUshopping catalog bringing the total number of products for sale to well over 500,000. Smarter.com and Nextag.com are completely new portals that have been added to the WBU System of selling. While Yahoo is not new to the WBU System, the Yahoo Marketplace is. Yahoo Marketplace is separate and apart from the Yahoo store. These three new portals being added is just another step in the continued expansion of WBUshopping.com. While certain sites and search engines are selected to be added at certain times due to the impact on the sales for the Company, the ultimate goal is to expand the WBU System to a point where WBU will in essence have a presence in every corner of the internet. In addition to the three portals, WBU has added 100,000 more products to the WBU catalog. This means that the products have been added into the WBU system but not necessarily turned live to be sold on every portal. However, through the technology changes that were made, these products will easily be rotated into circulation throughout the WBU System in a very short period of time. Having created the "WBU Catalog", products can be better managed and circulated based on inventory levels and availability. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion