ISELIN, N.J., April 23, 2008 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:SOFN) (German WKN:TG6) announced today the Company had secured contracts to provide IT talent management services with companies in Atlanta, GA and Cincinnati, Ohio.
Leveraging a core competency, SoftNet's recruiting professionals will provide full cycle recruiting activities for the two clients for these engagements. Utilizing its 4 stage recruiting methodology, SoftNet's recruiting team will manage a wide array of tasks, including: sourcing, interviewing, technical screening, on-boarding, service level agreements, and metrics.
These engagements are considered an obvious and strategically consistent activity that leverages one of SoftNet's key strengths: its sourcing and recruiting function, in place to fulfill internally secured engagements and projects. The two clients' core business is in the IT sector, which will allow both parties to leverage and benefit from SoftNet's capabilities and recruiting engine.
Jim Booth, SoftNet's CEO, commented, "We are pleased with these new engagements, as they expand our service offering to other IT Companies utilizing an existing function and will result in incremental income. Additionally, the requirements of these engagements can be met without capital and a minimal amount of SG&A expense."
SoftNet Technology Corp. is a professional services company offering services and solutions to large enterprises with technology dependent business/service models. SoftNet's solutions are organized in two practice specialties, including Infrastructure Services & Solutions and Application Delivery. SoftNet addresses three target vertical markets; Global 2000 companies, communications service providers and local, state and federal government agencies. The Company maintains strategic relationships with best of breed technology companies the IT infrastructure sector.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 908-212-1799, Jim Booth, CEO.
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 statements 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.
CONTACT: SoftNet Technology Corp. Investor Relations Jim Booth, CEO 908-212-1799 www.softnettechnology.com
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