CRANFORD, N.J., Sept. 12, 2006 (PRIMEZONE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN No.: A0B7RZ) is pleased to announce that Tucker McDonagh and Jim Booth have been added to the management team of SoftNet Technology. Mr. Booth's employment experience includes senior level positions with Cingular Wireless, BellSouth Wireless Data, Black & Decker/DeWalt, as well as Merck. McDonagh is a veteran IT Services entrepreneur and private investor having successfully led management teams in both private and public technology firms including: marchFIRST/ USWeb/CKS, TNT, Coopers & Lybrand, and Digital Equipment.
Jim Booth has filled the position of Vice President of Operations where he will assume day-to-day responsibilities for deriving continued operational efficiencies across both corporate and field operations. Jim is a 30+ year veteran of business having held senior level assignments in the technology, telecommunications, service and manufacturing sectors. He has successful experience leading a P&L service business unit and IT/PMO projects. He has experience in the field of recruiting, with impressive results in time to fill and cost per hire metrics, and Human Resources. He has gained valuable experience in Sarbanes Oxley and Business Continuity Plan initiatives. Jim possesses B.S. and M.A. degrees from St. Francis University.
Tucker McDonagh will step in as Vice President of Strategic Business Development responsible for Mergers & Acquisitions. He was instrumental in structuring the Pickering & Associates Merger (press release of September 5, 2006) recently announced and he will continue to seek out acquisition candidates, structure deals and assist with the integration of acquired companies. Says McDonagh, "SoftNet is interested in acquiring more companies like Pickering who will expand our national footprint as well as extend our IT service offerings and best practices."
"The SoftNet Management continues to grow and is quickly developing into a great blend of talented well versed individuals who combine the experience of small company development skills with blue chip operational capabilities," said Mr. James M. Farinella, CEO of SoftNet Technology. "It is quickly becoming apparent that Kevin Holt and team bring a mission and they are quickly executing on their plan."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 866-898-4842 (local 908-204-9911) James M. Farinella, CEO.
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