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NetSol Technologies Signs New Licensing Agreement With Major Chinese Captive Finance Company
NetSol Shortlisted for Several New Licensing Agreements in China and South Korea With Major Financial Institutions
| Source: NetSol Technologies, Inc.
EMERYVILLE, CA--(Marketwire - June 9, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business
services and enterprise application solutions to private and public sector
organizations worldwide, today announced it has secured a new licensing
agreement with a major Chinese captive finance company to implement the
NetSol Financial Suite (NFS), including NetSol's flagship LeaseSoft
solution.
Najeeb Ghauri, NetSol Technologies, Inc. Chairman and Chief Executive
Officer, stated, "This latest agreement with a major Chinese captive
finance company further strengthens our position as the 'de-facto' industry
standard for end-to-end financing solutions in China. I am also pleased to
share with our investors that NetSol is shortlisted, in China and South
Korea, in a number of new LeaseSoft License sales. Some of these
opportunities are expected to be imminently converted into contracts, as
advanced negotiations are ongoing. With the Chinese economy expected to
grow in 2009 despite the global economic downturn, NetSol stands well
positioned with our NFS solutions to meet the needs of domestic as well as
international customers looking to support their presence in this important
market."
The NetSol Financial Suite (NFS) provides a solution that integrates with
existing platforms and practices, matching innovation and flexibility with
security and accuracy. Built from proven LeasePak and LeaseSoft components,
NFS product offerings include the Credit Application Processing (CAP),
Contract Management System (CMS), Wholesale Finance System (WFS), Dealer
and Auditor Access System (DAS), and Fleet Management System (FMS).
Overall, the NFS is a complete lifecycle solution, providing support from
the customer's first application to the disposition of the last asset, with
NFS handling every aspect of lease, loan, and asset finance.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK) is a
worldwide provider of global business services and enterprise application
solutions. Since its inception in 1995, NetSol has used its BestShoring™
practices and highly experienced resources in analysis, development,
quality assurance, and implementation to deliver high-quality,
cost-effective solutions. Specialized by industry, these product and
services offerings include credit and finance portfolio management systems,
hospital/healthcare information management systems (HIMS), SAP consulting
and services, custom development, systems integration, and technical
services for the global Financial, Healthcare, Insurance, Energy, and
Technology markets. NetSol's commitment to quality is demonstrated by its
achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering
Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol
Technologies' clients include Fortune 500 manufacturers, global automakers,
financial institutions, utilities, technology providers, and government
agencies. Headquartered in Emeryville, California, NetSol Technologies has
operations and offices in Adelaide, Bangkok, Beijing, Lahore, London, and
San Pedro Sula.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
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NetSol Technologies, Inc. Forward-looking Statement
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development of the Company's products and services and future operation
results, including statements regarding the Company that are subject to
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Company's actual results include the progress and costs of the development
of products and services and the timing of the market acceptance.