NetSol International Inc. (NTWK)

[kuwlness]

Chart looks solid imo, took a starter last week on the attempted gap-fill ... closed right at resistance today, so hopefully some big gains are around the corner. A lot of people bad-mouth Red Chip (their IR), but I think they do a good job of promoting their clients' stocks.

Chart:

[Horns in ATX]

gap going to fill?

[ljtoomey]

2 new INSIDER BUYS!!!!

[ljtoomey]

2 new INSIDER BUYS!!!!

[deadjim]

nice, thank you

[read_this_n0w]

First Quarter Fiscal 2011 Business Highlights



-- NetSol agreed upon terms for a new global framework agreement with a major captive auto finance company. Under the terms, NetSol would expand its service delivery to the client in nine countries and install the complete NFS(TM) software solution in Japan, Korea and India.



-- Existing Chinese clients have made a record number of requests for enhancements to their NFS(TM) platforms, indicating an increasing need to perform complex transactions. NetSol plans to move its Beijing office to larger premises and implement an accelerated local hiring program to service its growing support, sales and marketing needs in China.



-- NetSol achieved CMMI (Capability Maturity Model Integration) Level 5 recertification from the Software Engineering Institute at Carnegie Mellon University in Pittsburgh. CMMI is an internationally recognized quality assurance standard for enhancing and evaluating an organization's software development processes. Maturity Levels range from 1 to 5, with 5 being the highest ranking.



-- In July, NetSol received a proposal to transfer ownership of its two wholly owned subsidiaries, NetSol Technologies Europe ("NTE") and NetSol Technologies North America, Inc. ("NTNA"), to NetSol Technologies Ltd. ("NTPK"), the Company's majority-owned subsidiary in Pakistan. NTPK is proposing to purchase the two subsidiaries from its parent company at a premium to book value in an all-stock transaction. If approved, the internal sale of both NTE and NTNA would increase NetSol's ownership stake in NTPK from 58% to 76%. The planned acquisition is currently under review by the Securities and Exchange Commission of Pakistan.



-- The Company signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Ltd., one of the UK's leading providers of leasing solutions to the healthcare industry. Under the terms of the agreement, Singers Healthcare Finance Ltd. will upgrade to the latest version of NetSol's LeaseSoft asset management solution.



-- NetSol announced that North American sales of enhancements to its LeasePak lease management solution had increased significantly from the quarter ended in June 2010 into the first quarter of fiscal 2011. Enhancements include the purchase of additional services and software upgrades.



-- NetSol announced the successful implementation of its NFS(TM) solution by Minsheng Financial Leasing Co., Ltd., a leading financial leasing company in China. The implementation marks NetSol's entry into China's financial leasing sector, which experienced a growth rate of 138.7% in 2009.



Financial Outlook for Fiscal Year 2011



The company reaffirms its previously stated guidance for its fiscal year 2011 financial results, projecting revenues of $40 million to $44 million and diluted EPS of $0.15 to $0.20 for the fiscal year ending June 30, 2011.

[read_this_n0w]

Chart posted last week on NTWK
Target 2$+

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57355842

[Mr B]

I noticed the activity on a scan and another board, looked at the fundamentals and think there is some real growth potential here. I like that it's climbing consistently not 'poping' like a lot do, plus being a NAZ stock, International and PROFITABLE who knows it could be a takeover target in this climate.

A lot of things that stocks in this price range do not have...

Those are a few of my reasons... Not to mention the chart looks great.

http://stockcharts.com/h-sc/ui?s=NTWK&p=D&yr=0&mn=1&dy=0&id=p38814331280

[geopic]

Just noticed: these are your first posts here
at least, in the past year.
What brings your interest here?
Yes the 10Q was great; imo, under $1.50 is due to win.
g.p.

[Mr B]

Made it thru... strong.

[Mr B]

pretty hefty wall at 1.48

the 10Q looked pretty promising..

[bbarry]

Surge in volume early this afternoon, pushing price up 5.8% so far, on twice ave volume of past 10 days.

[redchipir]

New NetSol Blog about Derivative Overhang from www.RedChip.com

NTWK Blog

[geopic]

You're right. The NASDAQ compliance helped too.
Got out at $1.70 only to see over $2.00.
I still think there is some room and bought back some at $1.80.
g.p.

[humblehawk]

Been in since .83

The buyback was very positive.

Bullish on NTWK


IMO

it goes higher

[geopic]

Hum, did not see you here before.
You seem to just advertise yourself, eh?
NetSol has more than double in September.
The news about NASDAQ could mean more gains.
JMO
g.p.

[humblehawk]

NTWK super strong

http://stockcharts.com/h-sc/ui?s=NTWK&p=D&yr=0&mn=6&dy=0&id=p68289403935

IMO

check out some of my other BULLISH CHARTS, where the PPS could be getting a sweet move.

Many bullish formations happening.

GL

[deadjim]

I sold at 1.40 earlier in the day. I still think this looks good but just had too much on my plate.. I'd like to get back in if it can sit here for a few days

[deadjim]

yeah, yesterday was the 10th day trading over 1, so listing requirement has been satisfied. PR should come soon

[geopic]

Today's news wont hurt:
"CALABASAS, Calif., Sept. 23, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (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 agreed upon terms for a new global framework agreement with a major captive auto finance company. Under the terms, NetSol would expand its service delivery to the client in nine countries and install the complete NetSol Financial Suite™ software solution in Japan, Korea and India..."

No $$$ mentioned but it does look very good again.
Already some profit taking (re: $1.28) as this seems usual for NetSol. My Broker still shows NTWK as under review (NASDAQ requirements); I feel once that is resolved....

g.p.

[deadjim]

thank you sir. has a nice trend to it, but thinking 1.70 short term.. after that i'm not sure. has room on a break over 1.80 to upper 2s

could totally be wrong.. i know zilch about this company.

[geopic]

Good news. Pre-market trades as high as $1.40 and
opening around $1.30.
Your $1.25 is looking good eh?
g.p.

[geopic]

Computer down, one day.
$1.25 may look high but either another positive quarter or NASDAQ removal of 'under review' should move NetSol up.
holding,
g.p.

[SimonL]

Chart 9/20

[deadjim]

Nevermind. There's nobody posting here. Guess its just me

[deadjim]

Something tells me there's likely more competent traders in here than some others boards I'm on..

Liking this as a swing.. picked some up at 1.25

[geopic]

looks like the pps of .04 and gain in business is starting to pay off. Looks like this Company will hold its NASDAQ status and once that is confirmed, imo, we've just seen the beginning.
g.p.

[geopic]

NetSol struggling to keep above $1.00.
Today close: $1.03.
Quite a turnaround: from negative .30 to positive .04 per share.
But it has been just 2 quarters. Maybe that's why the $1.20 pre-market trading the day the news came out did not hold.
The dollar a share should hold, imo.
g.p.

[nostocksnoglory2]

Bullish newsletter comments on NTWK today
worth sharing. good exposure for us
coming from www.greenbackers.com supposedly they have a pretty big following for dollar and penny stocks.
Thursday, September 09, 2010 10:09 AM

excerpt:


Under 1

NTWK going agains't our call, but finding footing in lower .90 range as the morning progresses.....Pullback from 1.23 still to consider....Getting overdone, even with lowered guidance?
0.94 -0.10 -9.62% 879,103 Last Trade as of 11:25 AM ET 9/9/10

Wednesday 09/08/2010 9:28 AM ET - T
NetSol Technologies Sees Revenue Below Estimates
Wednesday 09/08/2010 7:46 AM ET - EarningsWhispers Earnings Guidance

NetSol Technologies Inc (NASDAQ: NTWK) said it expects fiscal 2011 non-GAAP earnings of $0.15 to $0.20 per share on revenue of $40.0 million to $44.0 million. The current consensus earnings estimate is $0.19 per share on revenue of $46.2 million for the year ending June 30, 2011.

NetSol Technologies Announces Record Revenue, Return to Annual Profitability for Fiscal 2010
Wednesday 09/08/2010 6:55 AM ET - GlobeNewswire

- Fiscal 2010 Revenues were $36.8 million, representing an increase of 39.1% year-over-year

- Fiscal 2010 Net GAAP Income was $1.4 million, up from an $8.1 million GAAP net loss in 2009

- Fiscal 2010 GAAP Earnings per Share were $0.04, up from $0.30 loss in 2009



BCON acting up
BCON 11:14AM EDT 0.37 0.03 8.55% 1,192,999 1,067,950 0.35 0.34 - 0.38





We mentioned KORE yesterday at .58......keeps acting up
0.59 0.03 5.36% 287,354 Last Trade as of 12:03 PM ET 9/9/10






Pennies:


Greenbackers holding NWMT remains a deadbeat, but ongoing support at .0005 since giving up the run to .0018
0.0006 0.00 0.00% 9,297,000 Last Trade as of 10:37 AM ET 9/9/10

(NWMT) NewMarket Chairman Philip Verges to Join (WSGF) World Series of Golf CEO Patrick Brown in Webcast Scheduled Friday, September 10th
Thursday 09/09/2010 9:21 AM ET - Marketwire
The primary purpose of the Webcast is to present highlights of recent management meetings in Las Vegas and the Company's recently updated business plan. Philip Verges will join the Webcast to discuss his milestone investment strategy.


Recall UNDT ran to .0038 yesterday...behaving like NWMT, but remains a pivot focus....
0.0012 -0.0004 -25.00% 89,238,765 Last Trade as of 12:04 PM ET 9/9/10


Universal Detection Technology's Biological Detection Equipment Purchased by Boeing Defense
Wednesday 09/08/2010 5:00 AM ET - Marketwire



From yesterday's mentions we mentioned EQLB as having the best chart......Was mentioned at .0182....May want to read up on their energy tablet...
0.019 0.0015 8.57% 9,945,996 Last Trade as of 12:06 PM ET 9/9/10

EQ Labs Spokeswoman Vanessa Rousso Appears on ABC Television Promoting EQ Labs Energy Tablet
Monday 08/30/2010 8:00 AM ET - GlobeNewswire

[geopic]

I'm wrong again. Under .94, early today.
This in a positive market. Investors do not think the positive results will hold?
Watching to see what's next.
g.p.

[geopic]

News looks even better, today.
Lots of trades, pre-market around $1.20 but, as you can see,
today's range is $1.04 to $1.16. Enough, if it holds, and it should, to satisfy the NASDAQ requirements.
GLTY
g.p.

[bbarry]

8-K out this morning. Results of FY ended June 30
brief but positive!

NetSol Technologies Ltd. (NetSol PK)– FISCAL YEAR ENDED JUNE 30, 2010

FINANCIAL HIGHLIGHTS

· Revenues increased by 71% over the corresponding year of 2009

· Gross profit margins increased to 71% of revenues over the FY ended June 30, 2010 compared to 42% in the corresponding year

· Company posted net income of Rs. 952 million for the FY ended June 30, 2010 in comparison of Rs. 294 million in corresponding year ended June 30, 2009

NetSol PK posted revenues of Rs. 1.845 billion which represents an increase of 71% as compared to Rs. 1.081 billion reported last year. Gross profit in the year under review jumped to Rs. 1.315 billion as compared to Rs. 453 million reported in the corresponding year. During the current financial year ended June 30, 2010, the company posted net income of Rs. 952 million compared to Rs. 294 million in the year ago period. Earnings per share remained at Rs. 12.38 compared to an EPS of Rs. 4.12 reported in the corresponding year.

[geopic]

very likely.
Lets not forget that NetSol is also on 'probation' to remain on this higher stock exchange and would have to be above $1.00 soon.
Very positive results, next week could go a long way...
GLTY
g.p.

[bbarry]

Powerful buying today. Up almost 10% on about 7X ave volume. Impressive to see as we approach the Sept 8th report and CC.

presumably today's action will spark some new interest.

[geopic]

Q4 and year end to be discussed, Wed Sept. 8
Note:"...NetSol's Chairman and CEO, Najeeb Ghauri, stated, "We are exceedingly thankful that NetSol's employees in Pakistan are safe following the recent floods. Our offices in Pakistan were unaffected by the floods and remain fully operational to support our global clients and partners. We look forward to sharing our fourth quarter and fiscal year-end results with our shareholders." ..."
FYI
g.p.

[QualityStocks]

NTWK Takes Security Seriously

One of the most important set of products and services offered by global enterprise software and support provider NetSol Technologies Inc. is their full range of information security solutions. These days, protecting the confidentiality, veracity, and accessibility of proprietary information is becoming one of the biggest problems faced by corporate America. NetSol covers the bases, first by comprehensively investigating and understanding a client’s technological and business security requirements and vulnerabilities, and then by working closely with the client, applying the most advanced technologies available, addressing both short term and long term needs.

Specifically, the company offers the following information security consulting services:

• Enterprise Security Analysis
• Penetration Testing & Vulnerability Assessment
• Information Security Audit
• Secure Network Design & Deployment
• Business Continuity/Disaster Recovery Planning
• ISO 20000 and 27001 Lifecycle Consulting

The testing and evaluation is, in a word, merciless. For example, NetSol’s Penetration Testing & Vulnerability Assessment systematically evaluates the security of the client’s information network by actually simulating an attack by a malicious user. Analysis is carried out from the position of an attacker, trying every trick possible to detect vulnerabilities. When even the slightest weaknesses are found, they are presented, along with the options available to plug the leak.

NetSol’s Network Design & Deployment process offers product-independent network designs, as well as design reviews, with an emphasis on all potential vulnerabilities and network management shortfalls. NetSol works directly with the client’s IT management to identify the current and future networking requirements and security measures, and validates the design in a real-world environment.

NetSol’s Business Continuity Planning/Disaster Recovery services are designed to ensure the most effective, robust, and sustainable plans available, carefully aligned with the infrastructure and applications that support them. They use international best practices and standards, including ISO 27001/BS7799 and ISO 25999.

Finally, regarding specific security products, NetSol is known for applying only the best:

• IBM Tivoli Security Solutions
• IBM Tivoli Security Information & Event Management (TSIEM)
• IBM Tivoli Identity Manager (TIM)
• IBM Tivoli Access Manager (TAM)
• IBM Tivoli Enterprise Single Sign-On

• IBM Enterprise Protection Products
• IBM Proventia Network Intrusion Prevention System
• IBM Proventia Multi-Function Security
• IBM Proventia Enterprise Scanner & Internet Scanner Software
• IBM Proventia Network Mail Security System
• IBM Proventia Management SiteProtector System

• Kaspersky Open Space Security
• Kaspersky Work Space Security
• Kaspersky Business Space Security
• Kaspersky Enterprise Space Security
• Kaspersky Total Space Security

[QualityStocks]

Increase In North American Sales a Bonus for NetSol Technologies, Inc. (NTWK)

For NetSol Technologies Inc. (NASDAQ: NTWK), global provider of enterprise application solutions, the recent jump in North American sales is frosting on the cake, coming off of significant accomplishments overseas. The company had been focusing on its growing global position, recently announcing a major contract with Sany Corp. of China. Sany is the largest concrete machinery manufacturer in the world, and is considered to have the highest growth momentum in China. NetSol then announced the successful implementation of its NFS (NetSol Financial Suite) by Minsheng Financial Leasing Co. Ltd.

And now the company has declared a major rebound in quarterly North American sales, resulting largely from current clients ordering enhancements and upgrades to existing installations. Orders include the purchase of additional licenses for NetSol’s LeasePak lease management solution plus software upgrades for the company’s Wholesale Finance System.

NetSol Chairman and CEO, Najeeb Ghauri, commented, “The increase in enhancement-related revenue suggests growing North American demand for our LeasePak product. As our major U.S.-based clients seek to upgrade their existing systems, we look forward to providing them with flexible, modular software solutions to meet their changing needs. We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”

NetSol’s LeasePak has long been the lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America, and is a key component of the company’s Finacial Suite (NFS) comprehensive lifecycle product.

Overall, NetSol has weathered the ongoing economic storm far better than most, due to its strong relationship with software giant SAP and the well known quality of its products and services. The company has achieved 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.

[geopic]

NetSol, in pre-market, yesterday, went up to .90.
Looks like it may need more than these 2M shares buy back to reach the $1.00, essential to keep on trading on a higher exchange (NASDAQ).
NetSol, promoted or not, is holding fairly well, still above the Dec '09 level, when promotions helped bring this one from .70 or less to over a dollar for a short while. Normally, these promotions end up with the stock continuing its slide. Not here.
BTW, QS, imo, is doing a good job here, just keeping the board up to date without promising the moon.
g.p.

[nostocksnoglory2]

NTWK was mentioned bullishly in a newsletter today
at greenbackers com

Tuesday, July 27, 2010 7:19 AM

excerpt:


Focus



Cramer discusses majority of techs not participating in recent rally....suggests to watch for catchups.....points out INTC which is flexing in pre mkt...



NTWK is a good little story under 1....with stock buyback, may set the stage back to a buck....



GRNO anticipation...expect, as usual, taking out it's 52wk highs....
Tue 7:00AM EDT GRNO.PK
GRNO's Wholly Owned Subsidiary Custom Carbon Processing Inc. Reports Montana Location to Be in Full Production Within 5 Days With 17,000 Barrels of Slop OilMarketwire








YRCW relentless.....up .02 at .39.....pay attention to upside volatility following that swift pullback yesterday....dips back near flatline initially....






DCTH up .20 at at 8.89.....among best biotech comebacks following pullback from 16 earlier in summer.....breaking 9.....












SIRI new leg up focus based on recent technicals...

[geopic]

Looking at a good opening:
"2010-07-27 06:55 ET - News Release


CALABASAS, Calif., July 27, 2010 (GLOBE NEWSWIRE) -- 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, announced today that the Company's board of directors has authorized a share repurchase program for up to 2 million shares of the Company's common stock. The plan went into effect July 27 and is scheduled to be completed within six months...."

With recent news also, we could see the .90's...

g.p.

[QualityStocks]

NTWK Inks Contract to Implement NFS CAP Solution with a Major U.S. Auto Manufacturer in China

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it was awarded a major software and IT services contract valued more than $1 million with a major U.S. automotive manufacturer’s captive finance arm in China. According to the press release, NetSol will provide its Credit Application Processing solution to fully automate point of sale (POS) functions in the client’s Chinese dealer network as well as install its next-generation platform to capture all credit and client data at the point of sale to streamline and automate the entire credit application capture process.

Naeem Ghauri, President and Head of Global Sales at NetSol, stated, “This is a major win for NetSol’s China operations. Our state-of-the-art auto leasing platform has become the de facto gold standard in the Chinese IT market. This new win clearly establishes NFS as a market leader with over 90% IT market share in China’s captive auto finance sector. We expect to sign a number of new deals in the foreseeable future, as our pipeline remains strong and growing.”

China overtook the U.S. last year to become the world’s largest auto market, with more than 13 million vehicles sold during the year. Research firm J.D. Power and Associates has estimated that sales of passenger vehicles (a category that includes passenger cars, SUVs and minivans) in China will increase from 8.7 million vehicles in 2009 to 13.5 million vehicles by 2015, a 55.2% increase.

Credit Application Processing (CAP), a component of the NetSol Financial Suite (NFSTM) of products, is a web-based credit evaluation system that provides finance and leasing companies with the ability to quickly assess the merit and risk level of an applicant applying for a loan or a lease. Although the system is designed to seamlessly integrate with NetSol’s POS module, it can also be customized to link to any third-party point of sale system.

[QualityStocks]

NTWK Subsidiary Makes Move to Acquire NetSol’s European and North American Subsidiaries

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it has received a proposal to transfer ownership of its two wholly owned subsidiaries, NetSol Technologies Europe (“NTE”) and NetSol Technologies North America, Inc. (“NTNA”), to NetSol Technologies Ltd. (“NTPK”), the Company’s majority-owned subsidiary in Pakistan.

The Pakistan subsidiary has proposed to purchase the two subsidiaries from NetSol at a premium to book value in an all-stock transaction. NetSol currently owns 58% of NTPK and 100% of both NTE and NTNA. If approved, the internal sale of both NTE and NTNA would increase NetSol’s ownership stake in NTPK from 58% to 76%. The total estimated value of both NTE and NTNA by an independent appraisal firm is approximately $20 million.

Once the transaction has been made, the subsidiaries will continue to operate in their present locations, but the reporting of NetSol’s three subsidiaries would be consolidated under one entity, NTPK. Currently, each subsidiary operates under NetSol, however, while the revenue of NTPK is reported and disclosed as part of NetSol’s gross revenues, the bottom line profitability of NetSol is reduced by the minority interest ownership in NTPK. In its current form, the transaction will increase NetSol’s ownership in NTPK, thereby reducing its minority interest. Because the increase in ownership would allow NetSol to recognize a greater portion of NTPK’s revenues and earnings as its own, the Company would expect a net accretive effect on its earnings per share.

Najeeb Ghauri, Chairman and CEO of NetSol, stated, “If approved by the NetSol board, the agreement is a win-win situation for our employees, shareholders and customers worldwide. We expect this transaction to strengthen the symbiotic relationship between our subsidiaries, resulting in increased operating efficiency. Furthermore, we expect NetSol Pakistan’s higher margins to result in improved profitability for the Company. We anticipate that this internal transaction will improve our bottom line and ultimately enhance value for our shareholders.”

[QualityStocks]

NTWK Announces Upgrade Agreement with Singers Healthcare Finance Limited

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning announced that the Company has signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Limited (“SHFL”), one of the UK’s leading providers of leasing solutions to the healthcare industry.

As terms of the agreement, SHFL will upgrade to the latest version of NetSol’s LeaseSoft asset management solution. With this upgrade, SHFL will gain a large number of functionality enhancements, including specific enhancements to support SHFL’s expanding business within the healthcare equipment leasing industry.

Susan Hinton-Smith, CEO of SHFL, commented, “We have enjoyed a successful relationship with NetSol, and this upgrade agreement is made in the certain knowledge that NetSol delivers on its promises. During our time working with NetSol, we have always found them to be refreshingly open and honest. Their consultants thoroughly understand our business, and the Company’s approach has always been flexible and commercially realistic. We view NetSol as a partner, and we look forward to extending that partnership in the years ahead.”

Naeem Ghauri, CEO and Head of Global Sales for NetSol Technologies Europe, stated, “We are delighted that SHFL has decided to work with us for their system upgrade project. We are immensely proud of our customer base and the longstanding relationships we develop. SHFL’s decision is proof that, as a business, we are in tune with our customers, have deep domain expertise and provide a strong solution, service and support package. It is gratifying to win a new customer, but equally as important to know that our existing customers are happy to come back for more.”

[QualityStocks]

NetSol Technologies, Inc. (NTWK) Continues to Rack Up China and Global Success

NetSol Technologies Inc. continues to strengthen its position in China and around the world, with a recent string of good news kicked off by its recent announcement of a major contract with giant Sany Corp. of China. The agreement calls for NetSol to deploy its popular Financial Suite (NFS) solution across Sany’s vast dealership network, as well as in its back office centers across China.

The deal represents a huge success for NetSol. Sany Corp. is the largest concrete machinery manufacturer in the world, and one of the world’s top 50 construction machinery manufacturers. It has also been honored as the most profitable and competitive enterprise in the engineering machinery industry, with the highest growth momentum in China. That Sany picked NetSol testifies to the company’s strong global reputation and the unmatched appeal of their products.

NetSol head of Global Sales, Naeem Ghauri, commented, “This win is one of many we have in our current pipeline and is a further validation of our China strategy and our NFS value proposition. We have a clear market leadership in this exciting space, which is continuing to grow exponentially in China.”

Following up on the Sany deal, NetSol announced on July 6 the successful implementation of its NFS solution by Minsheng Financial Leasing Co. Ltd., NetSol’s first major banking-oriented financial leasing client in China. According to Minsheng, the system has already helped normalize its business processes and significantly improve its operational efficiency.

And now, NetSol has announced that North American sales of enhancements to its LeasePak lease management solution have jumped, suggesting growing North American demand for LeasePak, and leading the company’s Chairman and CEO, Najeeb Ghauri, to say “We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”

[QualityStocks]

NTWK Announces Rebound in North American Sales as Existing Customers Increase Orders

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced sales in North American related to enhancements to its LeasePak lease management solution have increased significantly from this year’s second quarter into the current quarter.

According to the press release, NetSol Technologies’ North American division has sold additional LeasePak licenses to a number of existing customers, including the finance arm of a large automotive manufacturing company. The company has also experienced a considerable increase in software upgrade revenue, which was credited to new functionality required by North American customers using the LeasePak and Wholesale Finance System.

Najeeb Ghauri, Chairman and CEO of NetSol, stated, “The increase in enhancement-related revenue suggests growing North American demand for our LeasePak product. As our major U.S.-based clients seek to upgrade their existing systems, we look forward to providing them with flexible, modular software solutions to meet their changing needs. We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”

For more than three decades, LeasePak has been the lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America. LeasePak is a key component of NetSol Financial Suite’s end-to-end lifecycle solution.

[QualityStocks]

NTWK Builds On Vast SAP Market

It’s no secret that leading IT solutions company NetSol Technologies Inc. owes much of its success to its close relationship with mega software provider SAP. As a preeminent SAP Services Partner, NetSol works closely with SAP, and has committed itself to delivering SAP models and management solutions worldwide.

It’s a critical partnership to have since SAP is the world’s 3rd biggest independent software producer, with over 97,000 customers in 120 countries throughout the world. By helping customers realize the full potential of their SAP investment, NetSol has ensured itself a growing position within the huge and expanding business software industry.

Every one of the SAP Practice Areas that NetSol is able to enhance represents a world of door-opening opportunities which NetSol continues to tap:

• ERP – Enterprise Resource Management is the core SAP product, operating the foundational processes of an organization. NetSol helps plan new ERP module initiation, implementation, and upgrades to ensure the process goes smoothly.
• SRM – Supplier Relationship Management delivers the sourcing and procurement functions that ensure a cost effective and trusted supplier network. NetSol can leverage a customer’s SRM system to achieve sustainable savings, faster alerts and innovations, and superior tracking.
• SCM – Supply Chain Management automates much of the collaboration, planning, executing, and coordination of the entire supply network, enabling lower costs and consistent supplies. NetSol helps maximize efficiencies in areas like demand pulling, inventory management, scheduling, transportation, and forecasting.
• CRM – Customer Relations Management coordinates all interactions between a business and its customer base, including marketing, sales, service, and billing. NetSol helps lay out a CRM roadmap and strategy to ensure the optimum integration with sophisticated SAP CRM functionalities.

For all of the above areas, NetSol provides Solutions Management, Project Management, Staff Augmentation, and Training, making NetSol services and related systems an extremely attractive addition to virtually any SAP customer, a vast and growing market. In addition, NetSol offers a number of its own powerful and unique software products, independent of SAP but of special value to clients requiring a seamless integration to their SAP environment.

Taken together, it shows why NetSol is in one of the greatest positions of any company in the industry to take advantage of long-delayed business software purchases.

[QualityStocks]

NTWK Video Chart 7/7/10

http://www.qualitystocks.net/videocharts.php?chartvid_id=433

[QualityStocks]

Leading Chinese Financial Leasing Company Implements NetSol Technologies, Inc. (NTWK) NFS Solution

NetSol Technologies, Inc., worldwide provider of global IT and enterprise application solutions, announced the successful implementation of its Financial Suite of financial leasing products by Minsheng Financial Leasing Co., Ltd., a leading financial leasing company in China.

The implementation includes Netsol’s CAP (Credit Application System) and CMS (Contract Management System) solutions. According to Minsheng Financial Leasing, the system’s installment, launched in July 2009, has helped normalize and standardize business processes, increase participation in the financing sphere, and tremendously improve operational efficiency.

China’s rapidly developing financial leasing industry, which grew at a rate of 138.7% in 2009, is playing an important role in the nation’s growing adoption of advanced IT solutions. An increasing number of Chinese financial institutions are showing interest in streamlining their operations by replacing their initial IT systems with flexible, integrated enterprise technology solutions. According to the press release, Minsheng Financial Leasing is NetSol’s first major banking-oriented financial leasing client in China.

Salim Ghauri, President of NetSol Technologies, stated, “This is a major breakthrough that marks an exciting new chapter in NetSol Technologies’ history. Building on the great success we have experienced providing IT solutions to the worldwide automotive industry, we are beginning to focus on developing future growth through expanding into the financial leasing sector. We anticipate that our successful collaboration with Minsheng Financial Leasing will open up new opportunities for NetSol within China’s flourishing financial leasing industry.”

“We are grateful for NetSol’s commitment to working side-by-side with Minsheng Financial Leasing to offer one of the most advanced IT systems in China’s financial leasing industry,” commented Dong Wenbiao, Chairman of China Minsheng Bank Corp. Ltd. “We hope that we can continue to build co-operation with NetSol on technology development and communication.”

Kong Linshan, President of Minsheng Financial Leasing, added, “We selected NetSol Technologies as our IT solutions provider based on their technical expertise and their ability to provide comprehensive support for multinational businesses. One year later, we couldn’t be happier with the results, and it is clear that we made the right decision. The rollout of the system is a landmark achievement for both Minsheng Financial Leasing and NetSol. Together we have developed a feature-rich core business system that displays a level of sophistication previously unseen in China’s financial leasing industry. As our business evolves along with the market, we look forward to continuing our partnership with NetSol to ensure that our system remains at the forefront of the industry.”

“We were impressed by the speed with which NetSol was able to develop and implement a custom financial solution for our business,” said Wang Rong, Vice President of Minsheng Financial Leasing. “The resulting system has boosted our competitiveness within China’s financial leasing industry by giving us the flexibility to respond easily to changing market conditions. In addition, the system’s ability to translate languages and currencies has helped us integrate effectively into the international market.”

[QualityStocks]

NTWK to Present at RedChip’s Upcoming Midsummer New York Equities Conference

RedChip Companies, Inc. announced yesterday afternoon that the CEOs and executive teams of 14 emerging growth companies will deliver presentations to investors during the RedChip 2010 Midsummer Elite Equities Conference on July 21, 2010 at the NASDAQ MarketSite (4 Times Square) in New York City.

RedChip investor conferences feature emerging small-cap companies that present their stories to hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors and research analysts. Pre-qualified financial professionals and investors are provided with free admission.

During this year’s mid-summer event, investors will have the opportunity to meet one-on-one with the CEOs of presenting companies representing a wide range of sectors including Biotechnology, Healthcare, Education, Oil & Gas, Basic Materials, Consumer Goods, Alternative Energy, Precious Metals Mining and more. NetSol Technologies, Inc. will be one of the featured companies.

For a full list of presenting companies, visit http://www.redchip.com/visibility/conferencePages/newyorkJul2010/conferenceMain.asp?page=presenterlist.

Those unable to attend the conference in person will be able to view company presentations at http://www.RedChip.com.

[QualityStocks]

NTWK Re-Engineering Healthcare Information Processing

NetSol Technologies Inc., a worldwide provider of automated and IT enabled enterprise software solutions, and recognized SAP Services Partner, has become a major player in re-engineering the information processing side of the healthcare industry.

Healthcare is an industry undergoing major changes and rapid growth, and is in urgent need of automation. Effective software solutions must incorporate a vast array of governmental and industrial rules, while offering an extraordinarily efficient engine for identifying and controlling costs, in addition to allowing easy scaling and functional growth.

NetSol works closely with the industry, providing automated, secure, and integrated solutions for the clinical, financial, and management requirements of hospitals and associated healthcare organizations. NetSol’s innovative Hospital Management Information System (HIMS) is a sophisticated ERP (Enterprise Resource Planning) system, especially designed for hospitals and healthcare clinics. It seamlessly integrates advanced and comprehensive medical records management, multi-tiered data security, highly flexible data search capabilities, and customizable categorizations. From a business standpoint, the result is unparalleled efficiency and cost effectiveness, leading to bottom line profitability.

Solutions are available for a variety of healthcare groups, including:
• Hospitals
• Medical offices
• Physicians’ medical groups
• Nursing and residential care facilities
• Home healthcare services
• Outpatient care centers
• Medical and diagnostic laboratories
• Health maintenance organizations (HMOs)

Healthcare-specific solutions include systems and services for:
• Electronic Health/Medical Record (EHR/EMR) handling
• HIPAA compliance strategies
• Billing, payment, and insurance claims handling
• Research and testing support
• Healthcare codes (DSM-IV, ICD-9, ICD-10, etc.) integration

NetSol’s ongoing success in the healthcare industry is another reason why the company has been able to successfully weather even the most challenging economic times. While others have perished, NetSol is anticipating to close out an incredible year.