CALABASAS, Calif., June 25, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, announced today that it has retained Investor Relation Resources, LLC to implement the company's hands-on investor relations program, including extensive communications and proactive outreach to the investment community.
"Over the past several months, we have refined our business strategies and are poised for significant success in fiscal 2004," said NetSol Chairman Najeeb U. Ghauri. "We believe now is the time to proactively communicate our story, successes and growth potential to key audiences within the investment community. Our selection of Investor Relation Resources is based on their reputation and network within the financial community along with their outstanding track record for developing proactive financial communications programs that generate public exposure and enhance shareholder value for micro cap companies."
"After completing our due diligence, we believe NetSol Technologies, with the proper positioning and introduction, will be of significant interest to members of the investment community," said Investor Relation Resources Managing Member Marty Tullio. "NetSol continues to increase revenue growth, improve its bottom line and strengthen its balance sheet. Our network of brokerage firms, small/micro cap funds and individual investors are attracted to micro cap companies with good or rapidly improving fundamentals. We have enjoyed great success with our micro-cap technology clients and believe NetSol is another winner."
NetSol's many shareholders and members of the investment community are invited to contact Investor Relation Resources for more information pertaining to NetSol or to be added to NetSol's e-mail list to receive current company news, such as news releases and investor alerts.
NetSol Technologies, Inc.
NetSol Technologies is a leading end-to-end solution provider for the lease and finance, banking and financial services industries. Headquartered in Calabasas, 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) certification.
Investor Relation Resources, LLC
Investor Resources is a full-service financial communications and investor relations firm that specializes in micro-cap companies. The firm customizes proactive investor relations and communications programs to meet the goals of each client, strengthening the client's bonds with its existing shareholders, expanding institutional ownership and building a base of new shareholders. Investor Relation Resources enhances shareholder value by communicating the client's strategies, activities and accomplishments through news releases, group conference calls, meetings and individual telephone calls. For more information, visit http://www.investorRR.com or call 949.566.9860.
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.