Tuesday, May 18, 2010 8:11:08 AM
Press Release Source: NetSol Technologies, Inc. On Tuesday May 18, 2010, 8:00 am
CALABASAS, Calif., May 18, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol") (Nasdaq:NTWK - News) (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 three founding officers acquired over 1 million shares of NetSol stock through a private transaction. The shares were purchased at the price of $0.87 on May 14, 2010. Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock. Salim Ghauri, President APAC, acquired 350,000 shares. Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition.
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