KARACHI, Pakistan, Oct. 1, 2003 (PRIMEZONE) -- According to a news release by Intel Pakistan on September 30, 2003, Intel Pakistan Corporation announced that it is working with leading hardware, software and IT solutions providers to craft Intel(r) Solution Blueprints with NetSol Technologies (Pvt.) Limited, a wholly owned subsidiary of NetSol Technologies Inc. (Nasdaq:NTWK), being the first company in Pakistan to publish a blueprint.
NetSol Technologies (Pvt.) Limited worked with Intel to develop a blueprint for its core leasing solution -- 'LeaseSoft,' an end-to-end solution for the leasing and finance industry. It is a suite of four applications designed and developed to cater to companies with complex assets, supply chain and distribution structures.
LeaseSoft customers include DaimlerChrysler Services Asia Pacific, which has implementations in Australia, Japan, New Zealand, Singapore, South Korea, Taiwan and Thailand. LeaseSoft's wholesale finance system (LeaseSoft.WFS) is also successfully running at Yamaha Motors Finance Australia.
"We are pleased to collaborate with Intel to create a world-class blueprint for the leasing and finance industry. With this blueprint in place, deployment will become even faster and smoother for our customers," said Salim Ghauri, President of NetSol Technologies Inc.
Intel Solution Blueprints document proven enterprise solutions for Intel-based servers that have been tested or previously deployed for a specific business need, with a commitment by hardware, software and solution integrators to make the solution easily repeatable for other businesses to quickly deploy. The blueprints specify business needs, solution benefits and deployment guidelines, including application software, middleware, operating systems, platform and hardware specifications, and include recommendation for specific processors, such as Intel (r) Xeon processor family or the Intel (r) Itanium (r) processor family. Before a blueprint is crafted, it is tested and tuned at a solution provider's facilities, customer site or in one of dozens of worldwide Intel e-Business labs co-located at OEM and solution integrator facilities.
"Coming together as key industry players, we are developing proven enterprise server solution recommendations that provide what companies are asking for most -- cost-effective solutions that are fast to configure and tailored to individual business needs," said Kamil Hasan, Country Manager, Intel Pakistan Corporation.
Dozens of leading software developers, solution consultants and IT hardware companies have worked together to craft Solution Blueprints, with the goal of reducing the complexity and time involved in implementing enterprise class solutions on Intel(r) Architecture. These companies include Accenture, BEA Systems, CGEY, Deloitte Consulting, EDS, HP, IBM, iFlex, MSC.Software, Ness, Oracle, Paradigma, Questra, SAS, SHS Multimedia, Stellcom and Triaton.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
NetSol Technologies and NetSol Technologies (Pvt.) Limited
NetSol Technologies (Pvt.) Limited Pakistan is a wholly owned subsidiary of NetSol Technologies, Inc., an 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) Level 3 rating.
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.