SoftNet Technology Corp. Is Selected as a Hewlett-Packard Authorized Business Development Partner

Business Wire, Feb 6, 2006

BERNARDSVILLE, N.J. -- SoftNet Technology Corp. (OTCBB Symbol: STTC; German WKN#: A0B7RZ) is proud to announce that they have entered into an agreement with Hewlett-Packard to serve as an Authorized Business Development Partner. This partnership will permit STTC to purchase and resell select items in HP Imaging and Printer and Personal System Product lines. SoftNet has the option to choose their distributor. The agreement was on November 22, 2005 and will remain in effect until May 31, 2006.

Hewlett-Packard is an internationally known solutions provider who supplies various types of workstation set-ups, entertainment vehicles, software, hardware, and numerous other products and services related to large businesses, small businesses, home offices, and government projects.

"We are thrilled with our selection as an authorized Hewlett-Packard business development partner. SoftNet has now strengthened its existing technology infrastructure consulting services with the ability to offer high caliber HP products. Hardware, software, architecture and support - SoftNet is a 1-stop network solution for small and medium sized business. In addition to leveraging our existing client relationships, we are now positioned to bid on other projects demanding comprehensive IT solutions," states James Farinella, CEO of SoftNet Technology Corp.

Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact Stephanie Soleas, Blue-Sky Solutions at (877) 4-BLUE-IR or sttc@blueskyir.com. You may also call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella, 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.