NetSol International Inc. (NTWK)

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NTWK Summary

$27M Market Cap

$45M Revenues

30c/share net income expected for 2009

40c/share cash

$1.8/share stockholder's equity

PR Recap:

01/06/09 PR
NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner:

12/29/08 PR
NTWK announced a major long-term contract with a major Dubai commercial bank:

11/20/2008 PR
NTWK's Europe CEO Naeem Ghauri told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever." His presentation started at about 10 AM. Here is the link:

Other INformation

Insiders have been consistent buyers since NTWK dipped below $2


From the latest NTWK filing:

"Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.

NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.

This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."