NETSOL TECHNOLOGIES, INC.,  (NASDAQ: NTWCD)

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Ever wonder how some giant corporations integrate their computer systems for network and operational consistency or how an automobile finance accounting department in Singapore is on the same page as the company's bank in the U.K.? Our featured company today, NetSol Technologies, Inc., is a bona fide leader in the software technology and services arena, giving companies the freedom to be "seamless" from essential department to essential department.

With a client list that includes international relationships with industry stalwarts like Daimler Chrysler Services, Yamaha Motors, Citibank and a litany of others around the world, NetSol Technologies is a story that could merit your attention.

Take a few moments to read our profile of this intriguing company.
 

**NetSol has BREAKING NEWS this morning about the signing of a second joint venture agreement with Hyundai Information Technology Co., Ltd. - Click Here to read it **

ABOUT NETSOL

NetSol Technologies, Inc. ("NetSol") designs, develops, markets and exports proprietary software products to customers in the automobile finance and leasing industry worldwide. NetSol also provides consulting services in exchange for fees from customers. Network Technologies Pvt. Ltd. develops the majority of the software for the Company. NetSol recently became one of only 164 companies in the world to achieve Carnegie Mellon Software Engineering Institute's SW-CMM Level 3 rating. 

NetSol has developed a complete integrated lease and finance package, which is a series of products that can be marketed and utilized in an integrated system.  NetSol is an international company that has offices in the USA, UK (Europe), Australia (Pacific Rim) and Pakistan to promote and support its Comprehensive Leasing Software Solutions, Finance, Banking and Motor Vehicle Registration (MVR) Software.

NetSol has achieved a foundation from which it is prepared to launch its rapid growth strategy to take advantage of the incredible opportunities of global IT. Currently, approximately 60 percent of NetSol's revenues are represented by software sales, while the remaining 40 percent are contributed by IT services and the company's Internet services provider (ISP) located in Karachi, Pakistan. NetSol has a highly skilled, proficient, low-cost, offshore information team that provides a wide range of consulting services and development of customized application software.
 

The company’s long-term plan is to drive sales and build a consistent backlog with a large volume of projects by providing a global distribution channel for its offshore development team through systems integration, implementation, and marketing firms through mergers and acquisitions, strategic global alliances, and joint ventures.

MARKET DRIVERS

In 1998, the total worldwide computer service market generated  revenues of over $403 billion, up over 30 percent in one year and up over 43 percent in two years. Standard & Poor's estimates that the industry will experience annual growth of 9.4 percent through 2001. The IT consulting industry grew by 54 percent during 1998 and reached $25.3 billion in revenues, while the IT training sector increased nearly 36 percent to $24.6 billion. These two sectors are expected to achieve annual growth rates of 14.7 percent and 11.0 percent, respectively, through 2001. The Equipment Leasing Association (ELA) of North America estimates the market size of the leasing and finance industry is more than $200 billion in North America alone.  (** Source: Standard and Poors Industry Survey).

RECENT NEWS EXCERPTS FROM NETSOL

CALABASAS, Calif., Aug. 11, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (NasdaqSC:NTWKC - News), a developer of proprietary software applications, has provided guidance for its fourth quarter and fiscal year 2003 ended June 30, 2003. The Company expects to report estimated revenues for the fourth quarter of $1.1 million, an increase of approximately 50 percent when compared to fourth quarter revenue reported for fiscal year 2002. EBITDA (earnings before interest, tax, deprecation and amortization) is expected to be positive for the fourth quarter. All estimates and projections are preliminary as audited financial statements will be available in mid-September.

"We expect to see our revenue increase between 60 and 75 percent during fiscal 2004,"' said NetSol CEO Naeem Ghauri. "Our recent acquisitions, our partnership with Hyundai International and the Company's SEI SW-CMM Level 3 rating positions NetSol for substantial revenue growth." 

To read the entire news release and Safe Harbor, click here.

CALABASAS, Calif., Aug. 7, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (NasdaqSC:NTWKC - News), a developer of proprietary software applications, today announced that it has entered into an agreement with United Kingdom-based Akhter Group PLC. Under the terms of the agreement, Akhter Group acquired 49.9 percent of NetSol Technologies' wholly owned subsidiary, Pakistan-based NetSolConnect (Pvt) Ltd., an Internet Services Provider in Pakistan. Akhter, one of the longest established computer companies in the UK, is well recognized as a provider of managed Internet services, integrated networks, both local area networks and wide area networks as well as metropolitan area networks within the UK.

"After two decades in the technology industry, we have learned to invest our time and money in our customers, the continued growth of our company and our partnerships with well respected companies such as NetSol,'' said Akhter Computers Chairman and CEO Humayun Mughal. 

To read the entire news release and Safe Harbor, click here.

CALABASAS, Calif., July 30, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (NasdaqSC:NTWKC - News), a developer of proprietary software applications, today announced that it has signed a Binding Letter of Intent to purchase United Kingdom-based Pearl Treasury Systems Ltd. (PTS). Under the terms of the agreement, NetSol will acquire PTS using the company's common stock. NetSol will issue up to 500,000 restricted shares of its common stock over a 12-month period as specified  milestones are met by PTS management. NetSol intends to complete the acquisition  within 30 days.

Founded in 2000, PTS provides a solution for treasury departments, a  high revenue generating business for financial institutions where individual deal values are in the range of $10 million to over $1 billion. According to IBS Publishing, over 80 contracts for Treasury Systems were signed in 2002, representing approximately $155 million in revenues.

To read  the entire news release and Safe Harbor, click here.

NetSol Technologies, Inc., today announced that its wholly owned subsidiary NetSol Technologies (Pvt.) Limited has signed a joint venture agreement with Hyundai Information Technology Co., Ltd. (HIT) of South Korea.

Hyundai Information Technology has formed a technology consortium to bid on a proposed automated machine-readable passport and visa system (MRC/V) for the government of Pakistan. As part of the HIT consortium, which includes Korea Minting and Security Printing along with Neologix Inc., NetSol Technologies will be responsible for customization and maintenance of MRP/V system.

To read the entire release at the company Web site, click here.
 

THE NETSOL CLIENT LIST

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NetSol has distinguished itself in providing IT business solutions to some of the most respected  global corporations.

NETSOL PRODUCTS & SERVICES

LeaseSoft is engineered with n-Tier Architecture standard to ensure system scalability, flexibility, customization and enhanced performance.  LeaseSoft was developed over a six-year period and contains a combination of 60 modules combined into four major applications:

CAC (Credit Application Creation System) is a web-based point-of-sale system used by dealerships and other outlets.

CAM (Contract Activation & Management System) provides comprehensive business users to effectively manage and maintain a contract with the most comprehensive details throughout its life cycle.

WFS (Wholesale Finance System) automates and manages the Whole Sale Finance activities of a finance company.

CAP (Credit Application Processing System) provides finance/leasing companies with the ability to quickly assess the worthiness of an applicant applying for a loan or a lease.
 

The NetSol Wholesale Finance System a LEASING BANKING CRM ACCOUNTING a WFS supports multiple: Regions, Currencies and Countries.

MANAGEMENT & LEADERSHIP

Najeeb Ghauri Chairman, CFO, Director

Naeem Ghauri CEO, Director

Salim Ghauri President, Director

THE NETSOL TIMELINE

1996 - Network Solutions (Pvt) Ltd. founded  1998 - Mirage Holdings, Inc. goes public OTC:BB 1999 - Mirage Holdings, Inc. acquires Network Solution (Pvt) LTD 1999 - Mirage Holdings, Inc. changes name to NetSol Technologies, Inc. 1999 - NetSol Technologies, Inc. acquires Mind Sources, Inc. - VA. 1999 - NetSol Technologies, Inc. gets listed on the NASDAQ - Small Cap  1999 - NetSol Technologies, Inc. gets ISO 9001 Certification 2000 - NetSol Technologies, Inc. Acquires Abraxas - Australia 2000 - NetSol Technologies, Inc. launches NetSol eR, Inc. as a subsidiary 2000 - NetSol ER, Inc. Launches NetSol Connect (ISP) - Pakistan 2002 - NetSol changed its name from NetSol Int., Inc. to NetSol Technologies, Inc.

SELECTED COMPANY HIGHLIGHTS

Employees (last reported count): 250+ Transfer Agent: American Securities Transfer & Trust Inc. Avg. Daily Trading Volume as of February 15, 2003: 142,000 52-Week Low: 10-18-2002 $0.05  52-Week High: 07-16-2003 $1.30 Fiscal Year End: June 30 Most Recent Quarter: 03-31-2003

CONTACT

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