SOURCE: Wall Street News Alert

June 22, 2005 08:28 ET

Wall Street News Alert: STTC Subsidiary Expands Into Automotive Industry; Increases Product Offering to Well Over 3 Million Products!

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

WESTON, FL -- (MARKET WIRE) -- June 22, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: SoftNet Technology Corp (OTC BB: STTC), HP (NYSE: HPQ), Yahoo! Inc. (NASDAQ: YHOO) and Futuremedia plc (NASDAQ: FMDAY).

SoftNet Technology Corp (OTC BB: STTC) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that its wholly owned subsidiary, WholesaleByUs, LLC (WBU) has signed a deal with a major Southwestern United States supplier of automotive products.

This could be great news for investors who follow the company! WBU potentially adds as many as 2,000,000 more products to increase its product offering to as many as 4,000,000.

"WBU has increased their product offering from about 500,000 to well over 3,000,000 in just about one month," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "They continue to add inventory depth, with a consistent focus on efficiency, customer service and technological advancements."

Investors should continue to monitor the prospects of SoftNet Technology for further developments! The warehouse that contains these products is two stories high and expands the length of a full city block. It is located near the WBU fulfillment center, which will facilitate a smooth and quick delivery of products to customers. WBU intends to upload the products to the system this week. Over approximately the next two weeks, all of the automotive products will be available on the WBU Web site and all of the search engines, and third party portals.

For updated in-depth coverage and a company profile of SoftNet Technology, visit http://www.backissuesofnewsalerts.us/STTC0621.html

Prior to the news release, the stock closed at Twenty-Six cents a share.

In case you are not familiar with the company: SoftNet Technology is a publicly traded company with wholly-owned subsidiaries -- including Wholesalebyus, Solutions Technology and Indigo Technology. WholesaleByUs has developed a creative and more efficient way to sell product via the Internet, predominately through a multitude of portals. Products are sold with minimal labor costs attached to the product. The WBU system provides consumers a way to find a wider array of products at the best prices available anywhere on the Internet. The Company has experienced rapid growth and expects this growth rate to continue into and through 2006. WBU's strength lies in its software integration between multiple systems. WholesaleByUs integrates between Numerous Portals, credit cards, Paypal, Express shippers and USPS reducing the amount of paperwork drastically and increasing the ease of purchase.

Stocks showing interesting activity yesterday at the close of the regular trading day were: HP (NYSE: HPQ) up 3.1% on 17.5 million shares traded, Yahoo! Inc. (NASDAQ: YHOO) up 1.3% on 16.2 million shares traded and Futuremedia plc (NASDAQ: FMDAY) up 17% on 13 million shares traded.

Commentary:

"Oil prices came down off their record highs Tuesday, but hovered near $59 a barrel amid global supply fears as the market brushed aside the possibility of additional barrels from OPEC," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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