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NetSol Technologies Signs New European Contract to Implement Wholesale Finance System for a Netherlands-Based Finance Company
(Market Wire Via Acquire Media NewsEdge) EMERYVILLE, CA -- (MARKET WIRE) -- 07/06/09 --
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 that a
Netherlands-based company, focused on the wholesale commercial finance
sector, has selected NetSol's Wholesale Finance System offering, within the
NetSol Financial Suite (NFS), for their Channel Finance business in Europe.
Naeem Ghauri, President and Head of Global Sales for NetSol Technologies
Inc., commented, "We are delighted to announce this new European client win
for our Wholesale Finance System suite. By working in close partnership
with our new client we will deliver robust wholesale finance system
capabilities to handle many different types of assets, as well as combining
our invoice financing functionality into a single, fully integrated,
solution. Europe is a market with huge potential for channel finance and
NetSol's multi-asset, multi-lingual, and multi-party system is uniquely
designed to help our client realize exceptional results in a highly
flexible environment."
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(TM)
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
To join the NetSol Technologies, Inc. email communications list, visit:
http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0
NetSol Technologies, Inc. Forward-looking Statement
This press release may contain forward-looking statements relating to the
development of the Company's products and services and future operation
results, including statements regarding the Company that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected. The words "believe," "expect,"
"anticipate," "intend," variations of such words, and similar expressions,
identify forward-looking statements, but their absence does not mean that
the statement is not forward-looking. These statements are not guarantees
of future performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict. Factors that could affect the
Company's actual results include the progress and costs of the development
of products and services and the timing of the market acceptance.
Contacts:
Investor Relations
Christopher Chu
Grayling
Tel: +1-646-284-9426
Email: christopher.chu@us.grayling.com
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