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**BadThad** · #**161** 07-27-2009, 10:44 AM

The growing continues, it's good to see them gaining all the business in China!

Quote:

Minsheng Financial Leasing Co., Ltd -- PRC Signs License and Services Contract With NetSol Technologies
8:30a ET July 27, 2009 (Market Wire)
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 China Minsheng Bank Corp. Ltd "CMBC" subsidiary company, Minsheng Financial Leasing Co., Ltd "MSFL" has signed a contract for NetSol Technologies' Financial Suite of leasing and finance products. The implementation will include the NetSol Financial Suite's (NFS) Credit Application Processing (CAP) and Contract Management System (CMS) for retail business operations. The NetSol implementation with MSFL incorporates product licenses as well as customization, implementation, and data migration services.

Executive Vice President of Minsheng Financial Leasing Co., Ltd, stated, "After careful evaluation of leading global IT services vendors providing software in the finance and leasing space, we selected NetSol based on their impressive product strength and presence in the Chinese market. As we embark on this long-term partnership, MSFL is advancing its objective of becoming the largest finance and leasing company in China. NetSol's Financial Suite of products stands as a critical supporting factor in reaching this goal."

CMBC is the first national joint-stock commercial bank primarily held by non-public-owned enterprises, also a standard joint-stock financial enterprise founded strictly according to the Company Law and the Commercial Bank Law. CMBC has been seeing rapid development and realized the importance of a comprehensive leasing system which is vital for the company's business development, risk management and internal management.

After extensive study, research and preparation, MSFL selected four renowned software technology companies to participate in bidding for the project. Several IT experts and companies were invited as part of the project supervision and consultation. Following this extensive and thorough evaluation, NetSol was selected as the vendor of choice for the project based on comprehensive evaluation analysis, feedback and level of expertise. With the deployment of the NFS Retail Solution, comprising of the CAP and CMS applications, MSFL will have stable and rapid development of its operations. These new financial IT systems will standardize MSFL leasing business processes with internal control mechanisms to manage operational risks as well as protect the efficiency and accuracy of decision making.

Commenting on the occasion, Mr. Naeem Ghauri, President and Head of Global Sales, NetSol Technologies Inc., stated, "We are delighted to sign this new agreement with MSFL which adds another prestigious name to our long-term client list. This implementation will strengthen Minsheng's ability to better serve its customers in the rapidly growing Chinese leasing and finance market. Overall, we continue to enhance NetSol's reputation as a leading IT solutions provider for the provisioning of complex, high performance leasing and finance offerings."

To learn more about Minsheng Financial Leasing Co., Ltd, visit ????????????.

**BadThad** · #**162** 08-04-2009, 04:24 PM

I'm not understanding why this stock isn't just skyrocketting. They just keep gaining more and more business:

Quote:

NetSol Technologies Europe Signs New LeaseSoft Contract With Major UK Short Term Loan Company
8:30a ET July 30, 2009 (Market Wire)
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 the signing of a LeaseSoft license and services contract with a new European customer to implement its end-to-end solution for running asset backed loans. The project is expected to generate revenues in excess of $1.0 million over its lifetime, including licenses, customization, maintenance and additional phases of development.

Mr. Naeem Ghauri, President and Head of Global Sales, NetSol Technologies Inc., commented, "Our LeaseSoft solution win with a leading United Kingdom-based, asset backed loan provider further highlights the traction our NetSol Financial Suite (NFS) offerings are gaining in the European market. This latest license and services agreement reaffirms the comprehensive capabilities of our NFS solution suite in meeting the needs of captive finance customers around the world."

Leading the way in asset finance systems, LeaseSoft's web-enabled software is among the most robust, flexible, scalable and accurate systems available worldwide, providing NetSol customers the tools they need to deliver exceptional service to their customers and business partners.

LeaseSoft works on a modular basis with the Contract Management System (CMS) offering the core functionality required by asset finance companies. Additional cost-effective applications are available and can be added to the LeaseSoft system to support a variety of products and provide an interface with external systems. LeaseSoft supports general-purpose banking, vendor as well as captive finance companies and provides a powerful solution for medium to high volume installment credit lenders specifically designed for leasing, hire purchase, operating leasing, motor and finance and corporate products.

Quote:

NetSol Technologies Wins New Mexican Contract to Implement Award Winning Financial Suite With Leading Global Auto Manufacturer
9:17a ET August 4, 2009 (Market Wire)
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 it has signed a contract with NR Finance Mexico, S.A. (affiliate of Nissan Motor Company) to implement key components of the NetSol Financial Suite (NFS) group of products, based on a deployment for an estimated 160 dealers in the Mexican market. The implementation builds upon a successful proof of concept stage and will include the NFS Wholesale Finance System (WFS), a robust and flexible system for Floorplan lending business.

Najeeb Ghauri, NetSol Technologies, Inc. Chairman and Chief Executive Officer, stated, "This agreement further expands NetSol's presence in the Americas. We strongly believe that the NetSol Financial Suite, with component products including WFS, is adaptable to all market conditions, making it the suitable choice for large customers operating on a global framework who are looking for a cost-efficient, scalable enterprise solution for their credit and portfolio management needs."

Based on the concept of "one asset, one loan," NetSol's WFS facilitates asset tracking and costing with features such as credit request management, loan management, stock auditing, and billing and settlement. An add-on to WFS, the web-based Dealer and Auditor Access System, provides dealers with specific, secure access to their contracts and auditors with complete and secure access to the data and statistics needed for thorough reviews. With these tools, WFS helps users stay ahead of the competition, managing communications efficiently through a wide array of interfaces, including banks, dealers, distributors, ledgers, and document handling and processing applications.

**BadThad** · #**163** 09-14-2009, 09:59 AM

Slap on the wrist:

Quote:

NetSol Technologies Issues Shareholder Update
4:01p ET September 10, 2009 (Market Wire)
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 on September 3, 2009, the Company received a notice of deficiency from NASDAQ. The notice arose out of an April 2009 transaction whereby a rule 144 restricted share offering was made to key employees and consultants, as an incentive plan that specifically excluded officers and directors of the Company, at a discount to the market. Since the Employee offering was made at a discount to the market at that time, the transaction was classified by NASDAQ as an employee compensation arrangement requiring shareholder approval for the transaction. As prior shareholder approval was not acquired, the transaction was deemed to be in violation of Listing Rule 5635(c).

NetSol Technologies states that at no time, when entering into the agreements with its key employees, did the Company intend to issue shares in violation of Rule 5635(c). The purchase agreements have subsequently been amended by setting the offer price to market to remedy the violation. The Company has now received notice from NASDAQ that, with this remedy, NetSol is no longer in violation of the listing rules.

FY earnings report coming soon:

Quote:

NetSol Technologies to Announce Fiscal Year 2009 Financial Results on September 15, 2009
4:11p ET September 10, 2009 (Market Wire)
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, will announce its fiscal year 2009 financial results, for the period ended June 30, 2009, on Tuesday, September 15, 2009.

Following the distribution of the fiscal year 2009 financial results, NetSol will host a conference call at 11:00 a.m. ET (8:00 a.m. PT) to review the fiscal year financial and operational performance. Najeeb Ghauri, NetSol Technologies chairman and chief executive officer, will host the call, which will be webcast live. The webcast and a supporting slide presentation will be made available on the investor relations section of the NetSol corporate website at www.netsoltech.com. Telephone access to the conference call will be available in North America by dialing +1 (877) 407-0782 or internationally by dialing +1 (201) 689-8567.

An audio replay of the conference call will be available approximately two hours following the conclusion of the call and for the following 30 day period. To access the replay in North America, dial +1 (877) 660-6853 or, when calling internationally, dial +1 (201) 612-7415, using replay account code # 286 and conference ID # 331287. An archived replay of the conference webcast will also be available on investor relations section of the NetSol corporate website at www.netsoltech.com.

**BadThad** · #**164** 09-16-2009, 04:14 PM

Earnings, took a loss for the qtr:

Quote:

NetSol Technologies Reports Fourth Quarter and Fiscal Year 2009 Financial Results
8:31a ET September 15, 2009 (Market Wire)
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 fourth quarter financial results for fiscal year 2009, for the period ended June 30, 2009.

Fiscal Year 2009 Results

-- Revenues totaled $26.4 million, down 28% year-over-year -- Service fees totaled $15.2 million -- Maintenance fees totaled $6.5 million -- License fees totaled $4.8 million -- Full year GAAP net loss applicable to common shareholders of $8.2 million, or a loss of $0.30 per fully diluted share, compared to GAAP net income applicable to common shareholders of $4.8 million, or $0.19 per fully diluted share, in the year ago period -- Full year EBITDA loss of $2.5 million, or EBITDA loss of $0.09 per diluted share, versus EBITDA of $9.1 million, or $0.35 per diluted share, in the year ago period

Najeeb Ghauri, NetSol Technologies chairman and chief executive officer, commented, "NetSol's fiscal fourth quarter revenues exceeded the high end of our sequential growth range projection, rising 36%, driven by increased license and IT services sales. While our full year results reflect the challenges of the global economic downturn compared to a 2008 period which was the strongest in the company's history, NetSol's fiscal fourth quarter results provide clear evidence that our NetSol Financial Suite(TM) and global BestShoring(R) IT service offerings are gaining fresh momentum. The success of our comprehensive cost efficiency measures yielded an impressive 23% reduction in fiscal fourth quarter operating expenses as compared to the year ago period. Our more efficient operating expense base, combined with our renewed sequential revenue growth, drove material improvements in reducing the company's sequential quarterly GAAP net loss as well as supported an important return to quarterly EBITDA profitability.

"I am pleased to report we enter our fiscal year 2010 with a significantly stronger pipeline, and are also seeing excellent new opportunities in the government and defense sectors. Looking ahead to fiscal 2010, we anticipate stronger full year results in terms of top and bottom line performance. If we couple our more efficient global operating structure with the fresh momentum on the sales side, we currently forecast a quarterly GAAP breakeven revenue run rate of approximately $8.0 million, and $6.5 million on a cash basis," concluded Mr. Ghauri.

NetSol reported consolidated revenues of $6.9 million for the fourth quarter of fiscal year 2009, representing a 35% decline as compared to the $10.5 million in revenues reported for the same period a year ago.

U.S. GAAP (Generally Accepted Accounting Principles) net loss applicable to common shareholders for the fourth quarter of fiscal year 2009 was approximately $0.9 million, or a loss of $0.03 per diluted share, which compares to GAAP net income applicable to common shareholders of $1.3 million, or $0.05 per diluted share, in the same period of fiscal year 2008.

NetSol reported EBITDA of $0.6 million, or $0.02 per diluted share, for the fourth quarter of fiscal year 2009 compared to EBITDA of $2.6 million, or $0.09 per diluted share, in the year ago period.

EBITDA is defined as earnings before interest, taxes, depreciation and amortization. The Company uses EBITDA as a measure of the Company's operating trends. Investors are cautioned that EBITDA is not a measure of liquidity or of financial performance under Generally Accepted Accounting Principles (GAAP). The EBITDA numbers presented may not be comparable to similarly titled measures reported by other companies. EBITDA, while providing useful information, should not be considered in isolation or as an alternative to net income or cash flows as determined under GAAP. Consistent with the SEC Regulation G, the non-GAAP measures in this press release have been reconciled to the nearest GAAP measure, and this reconciliation is located under the financial table heading "Reconciliation to GAAP."

Fourth Quarter Business Highlights

-- Signed a significant new NetSol Financial Suite(TM) contract with Minsheng Financial Leasing Company to deploy NetSol's industry leading leasing suite -- Secured a new licensing agreement with a major Chinese captive finance company to implement the NetSol Financial Suite(TM) (NetSol Financial Suite(TM)), including NetSol's flagship LeaseSoft solution -- Major international automotive manufacturer signs LeaseSoft license contract for captive finance in China -- Secured new European customer contract to implement Wholesale Finance System for a Netherlands based finance company -- NetSol Technologies Europe wins a new contract to deploy its LeaseSoft suite at United Kingdom based nationwide loan company -- NetSol and Atheeb Group form Atheeb NetSol Limited, a software engineering and joint venture company focused on Saudi Arabia, GCC, and The Middle East -- NetSol and Grupo Karims form NetSol GK Latin America, an IT services and software development joint venture serving the Americas -- Announced new Neptune Software plc partnership, as well as first joint customer win, extending the reach of the NetSol Financial Suite (NetSol Financial Suite(TM)) and LeaseSoft Evolve product in Africa, as leasing is rapidly expanding as a financing solution across the continent -- Launched beta version of smartOCI, an SAP compatible multiple catalog search engine -- Subsequent to the quarter end, NetSol teamed with a top 5 U.S. defense contractor with a joint bid submitted for a significant multi-million dollar military contract in Pakistan

**greencat** · #**165** 10-06-2009, 09:36 PM

NTWK could take off from this position. Breaks the trendline and we will see a decent move. Tapping the 50SMA

NTWK Chart

**BadThad** · #**166** 10-09-2009, 04:07 PM

Stock is ended up over 20% today to close at $1.22. Nice call Greencat!

**greencat** · #**167** 10-10-2009, 01:25 PM

Quote:

Originally Posted by BadThad

Stock is ended up over 20% today to close at $1.22. Nice call Greencat!

Pretty rightous move...

**greencat** · #**168** 10-15-2009, 09:00 PM

NTWK setting up for a possible breakout.
NTWK Chart

Quote:

Originally Posted by greencat

NTWK could take off from this position. Breaks the trendline and we will see a decent move. Tapping the 50SMA

NTWK Chart

**BadThad** · #**169** 10-16-2009, 09:48 AM

Good call, up over 4% this morning.....driven partially by some good news:

Quote:

NetSol Technologies Awarded Information Security Contract
9:30a ET October 15, 2009 (Market Wire)
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 the company has been awarded a significant contract for Information Security Services with a leading IT solution integrator in Pakistan. Under the terms of the agreement, NetSol will provide the customer an IBM-ISS based information security solution to protect strategic data centers of the client against cyber security threats. The deployment of this solution is expected to be completed in approximately 3 months time.

Najeeb Ghauri, NetSol chairman and chief executive officer, commented on the occasion, "This latest contract win further extends NetSol's position as a key player in the area of Information Security Services. NetSol was selected through a competitive process, based on strong technical expertise and a proven track record in deploying information security solutions of significant magnitude for information sensitive organizations. Robust long-term growth is projected in the multi-billion dollar global IT security services market, including particularly strong demand expected from across the Asia-Pacific region as well as throughout the emerging markets. NetSol's innovative BestShoring(R) delivery platform for serving international customers is well positioned to provide global customers comprehensive Information Security Services, as security threats continue to evolve and grow more sophisticated every day."

Based upon NetSol's strong expertise in Information Security, the company will deliver design and provisioning services as well as provide for the installation of the solution and training. The solution includes protection for servers across different platforms and the ability to scan the entire network against real-time threats. The deployed solution will help the client to identify the vulnerabilities in the network in order to effectively manage an evolving information security environment.

**BadThad** · #**170** 10-28-2009, 02:11 PM

It's been a bad ride down lately, but I'm still confident in this company:

Quote:

NetSol Technologies Benefits From Strong Growth in the Chinese Automotive Market as Toyota Motor Finance China Upgrades NetSol Financial Suite License
8:30a ET October 28, 2009 (Market Wire)
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 it has secured a significant follow on contract fee from Toyota Motor Finance China. The additional NetSol Financial Suite (NFS) license fee is attributed to the rapid growth in Toyota Motor Finance's business portfolio volume in the Chinese market, which in turn triggered the additional license upgrade for the NFS Credit Application Processing System (CAP) and Contract Management System (CMS). The agreement also calls for additional ongoing maintenance revenue to support the expanded license base.

Mr. Najeeb Ghauri, NetSol Technologies, Inc. Chairman and Chief Executive Officer, commented, "I would like to congratulate Toyota Motor Finance China for the rapid growth of their automotive business in China. The NetSol team's ability to be agile in terms of quickly responding to the rising demands associated with the expansion of the Chinese auto market reflects the professional support NetSol is dedicated to providing to help meet Toyota's increasing auto finance business in China. As a market leader for automotive captive finance solutions in the Chinese market, NetSol is well positioned to support its customers' dramatic organic growth in the region. With China recently surpassing the United States in terms of monthly automobile sales, to become the world's largest automotive market, and increasing levels of consumer finance activity, we continue to see tremendous opportunities for growth in the Chinese captive finance market."

Each NetSol contract signed globally now includes a pricing point structure whereby additional license fees are payable to NetSol once a client portfolio reaches certain milestones. As the growth in the Chinese automotive sector has outperformed most global markets, NetSol expects to benefit from such upgrades as the company's other captive automotive finance clients grow their businesses in the region.