CALABASAS, Calif., May 29, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that its newest U.S. based acquisition, Altvia Technologies, has been selected by INMED Child Health and Education to implement Altvia's proprietary Content Management System. INMED Child Health and Education, a nonprofit development organization based in Sterling, Virginia, will use Altvia's Content Management System to control its online presence with point and click ease.
"It is a pleasure to be working with INMED," said NetSol USA Senior Vice President Emaad Burki. "We have implemented our Content Management System in several not-for-profit organizations with requirements similar to those of INMED. INMED found our solution to be easy to use and feature rich -- benefits difficult to find in a proven, cost-effective software product that targets the needs of a niche market."
The Altvia Content Management System will provide INMED's authorized users the ability to edit, update and delete online content, including the Spanish and Portuguese language versions of their web site. The system's sophisticated workflow process allows site administrators to have final approval over all changes before they go live.
Additionally, Altvia's Content Management System provides browser based, point and click capability for adding web links, text, images, files, documents and multimedia files.
About INMED
INMED Child Health and Education is a 501(c)3 non-profit international development organization founded in 1986 and is dedicated to strengthening the ability of communities to support the health and education of children by establishing effective public and private partnerships. Please visit INMED at www.inmed.org.
About NetSol USA, Inc.
NetSol USA is a wholly owned subsidiary of NetSol Technologies, Inc., providing a full suite of software technology solutions which include Knowledge Management, Content Management and Association Management systems, as well as custom application development, database development, optimization, quality assurance, and testing, to a variety of vertical markets, including finance, education, entertainment, technology, telecommunications and not-for-profit organizations.
About NetSol Technologies, Inc.
NetSol Technologies is a leading end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol has been delivering high quality, cost effective IT services ranging from consulting and application development to systems integration and outsourcing for years. Their commitment to quality is demonstrated by achieving both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 2 assessment.
Securities Exchange Act of 1934
This release is comprised of inter-related information that must be interpreted in the context of all the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumption or future events or performance, are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Such statements reflect the current views of NetSol Technologies with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. NetSol Technologies does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.