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Thursday, 05/27/2010 9:12:24 AM

Thursday, May 27, 2010 9:12:24 AM

Post# of 895
Around .77 to .78 before the Markets open, thanks to $$$$ contracts:
"
NetSol Scores New Contracts Valued at Over $3 Million as Major Automotive Finance Company Invests in NetSol Financial Suite(TM)


2010-05-27 08:00 ET - News Release

CALABASAS, Calif., May 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, today announced that it has secured two major projects worth over $3 million to implement its NetSol Financial Suite (NFS)™ Contract Management System (CMS) with a major international automotive manufacturer's captive finance company in the Asia-Pacific Region.

The contract structure provides significant upfront as well as recurring revenue components. NetSol's NFS solution will fully automate the customer's financing business, providing improved operational efficiencies, enhanced contract lifecycle management, increased financial visibility, and quick return on investment.

Naeem Ghauri, Head of Global Sales of NetSol and President of NetSol Technologies Europe, Ltd., commented: "Emerging and mature markets in Asia Pacific are driving our recovery with these new contract wins. Our visibility in this dynamic region continues to grow and we see our access to the market increasing with each new win. Currently, NetSol is positioned ahead of its competitors to benefit from the growth in the APAC Automotive Finance sector."..."

A couple more like this and NetSol should get back to the dollar a share value before October.

g.p.

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