SOURCE: Wall Street News Alert

May 11, 2005 08:29 ET

Wall Street News Alert: STTC Recently Reports Additional Contracts!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- May 11, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: SoftNet Technology Corp (OTC BB: STTC), MCI, Inc. (NASDAQ: MCIP), TIBCO Software (NASDAQ: TIBX) and Dell (NASDAQ: DELL).

Aggressive investors and traders may be watching SoftNet Technology Corp (OTC BB: STTC) again this morning! Recently the company issued a press release announcing that wholly owned subsidiary, Indigo Technology Services (Indigo), signed 3 new maintenance contracts with clients to monitor their servers, provide technology management and support.

This could be additional good news for the company! This contract adds to Indigo's technical services division. According to the company, this is a large part of the company as it provides a majority of recurring revenue that is generated by the company.

"As more companies engage Indigo's consulting division, disaster recovery and messaging divisions, we expect to see profound revenue growth," said Mr. James M. Farinella, CEO/President of SoftNet Technology Inc. "Indigo is really starting to show the value that SoftNet Management had envisioned when we acquired them.

Investors continue to watch the progress of SoftNet Tech! Earlier this week, the company issued a separate press release announcing that Indigo has entered into a strategic alliance with Atlanta, Georgia-based PearlNet LLC. The company further stated that the Strategic Alliance between PearlNet and Indigo is expected to provide continued and accelerated growth for many years and that the partnership is expected to yield a minimum 75% increase in revenues year to year for Indigo Technology Services.

For more in-depth coverage of SoftNet Technology, visit

The stock closed yesterday at around Twenty-Four cents a share.

Stocks showing interesting activity yesterday at the close of the regular trading day were: MCI, Inc. (NASDAQ: MCIP) down 0.9% on 11.5 million shares traded, TIBCO Software Inc. (NASDAQ: TIBX) down 2.1% on 8.3 million shares traded and Dell (NASDAQ: DELL) down 1% on 11.3 million shares traded.


"Businesses in the U.S. for April created 274,000 non-farm jobs in the economy. Unemployment remained at 5.2% while the average hourly income was at $16, an increase of 2.7% in the last year. This is good news for upcoming graduates for both high school and college," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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