NetSol International Inc. (NTWK)

[geopic]

GL shorting! Today's news may change the whole picture:

"NetSol Technologies Signs $5 Million Contract With a Leading Global Bank to Implement Complete NFS(TM) Solution

2012-06-12 08:00 ET - News Release


CALABASAS, Calif., June 12, 2012 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced it has signed a contract with a leading global bank valued at approximately $5 million, whereby the company will implement its entire NetSol Financial Suite (NFS™) solution, including the Wholesale and Retail platform.

The new project ranks as one of NetSol's largest NFS implementations to date in terms of value, and includes product licenses, business process consultancy and on-site implementation services. NetSol anticipates that the implementation will be completed by the end of calendar 2012.

"New contract wins like this further support our optimistic outlook for the current fiscal year, and our increased enthusiasm for growth in fiscal 2013," said Najeeb Ghauri, chairman and CEO of NetSol. "I applaud the entire team for their efforts in securing this important new business..."

Far from the minimum required share price to be listed but I think it is the only missing criterium; a timely small RS may be enough...

g.p.