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SoftNet Technology Attains Monthly Profit for First Time

ISELIN, N.J., Oct. 4, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (XETRA:TG6) (WKN:A0B7RZ) announced today that, in August 2007, it had achieved profitability for the first time.

On an unaudited basis, the Company reported revenues of $908,000 in August, a monthly record. The Company achieved a significant milestone in August when it recorded its first profit on an operating basis.

"The Company is proud of this achievement and it was attained through the efforts of all employees. The cost containment, SG&A reductions and profit improvement plans, coupled with strong revenues, are starting to yield the expected results. August was a long month with a higher than normal number of billing days. Our next challenge will be to continue to leverage the fixed costs through higher revenues for months with lower billing days," said Jim Booth - CEO.

SoftNet Technology Corp. is a Professional Services firm offering proven technology solutions to the enterprise and services provider market verticals. Through process and people, SoftNet has secured and delivered contracted solutions that maximize their client's business value of their IT infrastructure investments. The growing team of highly qualified industry leading professional support the core deliverables as well as the expansion of SoftNet's services and solutions. These resources along with the proven management team have defined and brought to market nine practices specialties. SoftNet's North American footprint supports Fortune 500 commercial accounts, the education sector and Government agencies, and leveraging offices in New York/New Jersey, Philadelphia, and Atlanta.