Markets

Watch List for Friday 4-1-2005

I have a company I would like everyone to take a look at. STTC, in the last 6 months has gone from .04 to .29 and looks to be building upward momentum again. Take a look at the chart here: http://finance.yahoo.com/q/bc?s=STTC.OB&t=6m Looks like STTC could be a huge winner.
I started reading up on STTC today, and I am surprised at the pace this technology company is growing. STTC has developed a few pieces of software that has put it in the spotlight. STTC's software cuts out the middleman and connects them directly to the manufacturing companies allowing them to quickly and efficiently sell products. STTC sells on Ebay and with the roll out of their software has been able to obtain Power Seller status and increase sales more than 300%. STTC is expected to regenerate approximately $200,000 in sales for the month of March, the best month in the history of STTC.
Don't take my word for it, check out STTC's Ebay username and how many products they are selling a month: http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback&userid=wholesalebyus
STTC announced in March, that they had extended their online distribution sales to PriceGrabber.com. PriceGrabber.com is a shopping comparison site with 16 million unique visitors per month. 400,000 plus products will be placed through this site. Online eCommerce is big business and STTC is quickly become a power player on the net.
Not only is the company doing so well, the CEO has bought shares in his own company. When management puts out their own money to buy their own stock, not only does it mean they believe in the company, but they may know of possible future deals we may not be aware of. People only buy stocks because they believe it will go up.
For the last 2 months, the CEO has bought about 100,000 shares of STTC. This shows quite a commitment to his own company.
STTC has another wholly owned subsidiary called Solutions Technology, Inc. which provides biometric identification services for secure site access, time & attendance, and identity verification. STI offers its positive identification verification systems as a service. In other words, STI customers do not need to make an investment in hardware, software licensing, maintenance contract, spare parts. The customer will never need to purchase upgrades, and will never need an IT staff. Virtually no other company can make such a claim.
STTC Profile - http://www.softnettechnology.com/
SoftNet Technology Corp is a software and technology company with three operating subsidiaries: Solutions Technology, Wholesalebyus, LLC and a German Subsidiary Called SoftNet International GmbH. With a rule-driven, web-based, application server based software system WholesaleByUs connects manufacturers and distributes to Internet buyers effectively eliminating many dealers and other distributors for mass distribution and sales of products over the World Wide Web. Solutions Technology, Inc. designs, develops, and markets comprehensive biometric-enabled time and attendance solutions to assist small-to-mid-sized and large enterprise in the management and control of employee attendance, access, scheduling, and payroll through an affordable and efficient turnkey solution. SoftNet International will further STTC business in the European Community and to other International markets.
Recent News
SoftNet Technology Generates Record One Month And One Quarter Revenue Business Wire (Wed 4:00pm)SoftNet Subsidiary, Indigo, Is Contracted To Implement A Networking & Software Architecture Project For A New Jersey Based Insurance Company Business Wire (Mon, Mar 21)SoftNet Subsidiary, WholesaleByUs, Shows More Than A 300% Increase In Items Sold on a Daily Basis - TVA Media Blitz Begins Next WeekBusiness Wire (Wed, Mar 16)STTC Subsidiary, WholesaleByUs, Expands Product Distribution To Price Grabber.com And Adds Several More Co-BrandersBusiness Wire (Wed, Mar 9)SoftNet Subsidiary, Indigo, Signs 2-Year Master Consulting Agreement and Is Awarded Contracts for Internet Support of 5 More HotelsBusiness Wire (Mon, Mar 7)

posted by Juan Dosil @ 10:32 PM