Terry Ritchie at International Buying Power
at 561/482-0004.
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By: Truthseeker
Reply To: 1377 by Tony_Manero Thursday, 10 Jun 1999 at 8:43 PM EDT
Post # of 1402
Another day and the financials are almost 6 weeks over due. Here is some history. The famous raise the projections press release that started the SEC inquiry. Brought to you by Truthseeker.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 29, 1999--Softlink, Inc. (OTC BB:SFLK - news): Softlink
President and Co-Founder, Johnson Lee anticipates revising the Company's 1999 sales and financial
projections upward next week, citing the recently announced inclusion of Softlink's proprietary audio
compression technology into the leading-edge multimedia databases created by Japan's NIC, Ltd. as another
contributing factor.
Softlink's Lee says of the licensing of Softlink's audio compression technology to NIC: ''This is the kind of
pleasant surprise that all technology development companies want, the kind that establishes your technology
on the ground floor of an emerging industry -- in this case, the multimedia database industry.''
This recent development is not viewed by Softlink, Inc. as a departure from the Company's primary focus on
E-mail and Internet communication. Providing uniquely beneficial compression technology for multimedia
Internet communication has been and shall remain the Company's primary focus. This NIC partnership is a
simple extension of this focus into applications for corporate communications and corporate IT environments.
NIC Ltd., Softlink's partner in this multimedia database project, was founded in 1968 and is a well-established
software developer in Japan. NIC Ltd. provides multimedia database services to Honda Motor Corp.
(NYSE:HMC - news), Sumitomo Construction Corp., Tokyo University, Minolta Digital Studio, and two of the
largest construction companies in Japan: Shimizu and Kashima Corps. NIC also has well-established
partnerships with Mediakite and Computerwave, as well as with Japan's largest software distributor, Softbank,
and with two of Japan's top three publishers, Kodansha and Shougakukan Corp.
Further information about NIC is available at: www.nic-j.com. For more information about Softlink, and the
range of products and services that the Company offers, visit the Softlink web site at sonk.com,
request further information via Email at info@sonk.com, or contact Terry Ritchie at International Buying Power
at 561/482-0004.
Certain matters discussed within this press release may be forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements are inherently uncertain, and actual
results and activities may differ materially from those estimated or projected. Although the company believes
that the expectations reflected in any forward looking statements are based upon reasonable assumptions, it
can give no assurances that its expectations will be attained. The Company has no obligation to update the
statements contained in this report or to take action that is described herein or otherwise presently planned.
Contact:
International Buying Power
Terry Ritchie, 561/482-0004
techstocks.com
By: Truthseeker
Reply To: 1354 by 2L-Time Wednesday, 9 Jun 1999 at 11:59 PM EDT
Post # of 1402
"Financials will be out by the end of next week? Most likely not profitable, but very realistic. I was informed that they only contain the last quarter"
So what you are telling us is SFLK lied to everyone in January that they were profitable and were going to raise there earnings projections? Its no wonder the SEC has a inquiry if your information is correct.
Softlink, Inc. Explains Delay In Release of Revised 1999 Financial Projections
Business Editors
SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 8, 1999--Softlink, Inc. (OTC BB:SFLK), originally planned to release an upward revision of its 1999 financial projections on February 3, but has determined to delay that release on advice of its legal counsel in response to an informal inquiry by the Securities and Exchange Commission into the Company's public statements about its current business prospects, projections relating to the future of the Company's business as well as recent positive market price and volume movements in the Company's common stock.
Truthseeker
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