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NetSol Technologies North America Announces 2011 Business Solutions Conference

/ Source: GlobeNewswire

CALABASAS, Calif., April 28, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (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 its wholly-owned subsidiary, NetSol Technologies North America, Inc. ("NetSol Technologies North America"), will hold its 2011 Business Solutions Conference from May 17-18, 2011 at the Embassy Suites San Francisco Airport in Burlingame, California.

Finance team representatives from major U.S. banks, vehicle and equipment manufacturers, as well as independent lessors, are expected to attend the conference. Attendees will have the opportunity to meet with NetSol staff and discuss leasing industry issues and trends with users of the Company's flagship U.S. software offering, the LeasePak lease and loan accounting and portfolio management system.

The event will include networking and information-sharing opportunities for members of the LeasePak user community. Imran Haider, Chief Operating Officer of NetSol Technologies North America, commented, "In an economy where businesses and agencies annually finance in excess of $600 billion in capital goods and software, we are proud to be hosting some of the most active and innovative finance providers in the American economy."

New at this year's conference will be presentations from two industry service providers, Assurant Specialty Insurance and OSG Billing Services, sponsors of the event. "In these sponsors, we have servicers that can bring real added value to our customers," commented Mr. Haider. "We are gratified by their support for our conference and know that our 30 LeasePak clients will appreciate the opportunity to learn about the operational benefits the system offers."

About NetSol Technologies, Inc.

NetSol Technologies, Inc. (NasdaqCM:NTWK) (Nasdaq Dubai: NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 178 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.

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NetSol Technologies, Inc. Forward-looking Statements

This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

CONTACT: Investor Relations Contact: RedChip Companies, Inc. Dave Gentry 800-733-2447, Ext. 104 407-644-4256, Ext. 104