Replies to post #677 on NetSol International Inc. (NTWK)

[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

[read_this_n0w]

Chart posted last week on NTWK
Target 2$+

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

[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.