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WholeSale Products On Yahoo
By WebProNews
Staff Writer
Article Date: 2004-12-29
SoftNet announced that WholesaleByUs (WBU) expanded product Distribution to Yahoo.com.
Sales and the gross profit for WBU, in the first quarter of 2005, are now expected to be significantly higher than previous estimates.
With the 9 new workers that have been added to the WBU team, the whole litany of products will all be uploaded into the WBU system this week for sale on Yahoo.com. Additionally, more portals will be added very quickly. Here in the United States, sales in the first quarter of 2005 should far outpace the 4th quarter holiday season of 2004 that is just coming to a close. Distribution to the European Union is also expected to begin in the near future.
Just a couple of weeks ago, WBU enhanced the programming and technology for placing and selling other companies products on the Internet. These additional technological advancements have taken approximately two weeks to implement. Shipping adjustments are also being made to improve the efficiency in delivering product to the end user. As these adjustments are instituted over the coming weeks, profitability will increase even further.
"2004 has been great, but 2005 is going to be a magical year for STTC," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "Our focus in 2005 will be to reach profitability as quickly as possible for the overall Company."
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