EMERYVILLE, CA--(MARKET WIRE)--Oct 8, 2008 -- NetSol Technologies Inc. "NetSol" (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, is expanding its NetSol Financial Suite (NFS) of products to include integrated features and functionality aimed at the leasing, loan, and asset management of alternative and renewable energy-based equipment and products. Mitch Van Wye, Chief Operating Officer of NetSol Technologies North America, commented, "According to the Equipment Leasing and Finance Foundation report on the Future of Financing Alternative Energy Equipment, there continues to be an increasingly global focus on renewable energy projects and products. NetSol has chosen to take a leadership role in further developing a 'green-friendly' suite of Financial Services products to fully support the renewable and alternative energy initiatives, in both North America and around the world."

Further commenting on the announcement, Mr. Najeeb Ghauri, chairman and CEO of NetSol Technologies, stated, "We are very excited to announce our NFS product line's expansion to include renewable and alternative energy equipment. NetSol's enhancement of, and investment in, our products and services portfolio provides a strong scalable platform upon which to meet the changing needs of our industry and the world we live in."

NetSol's new "green" application functionality set is designed to leverage and extend NetSol's existing Financial Suite of products with additional features that will support the leasing, loan, and asset management of renewable and recyclable energy-centric products and vehicles. As with any "green" initiative, there will be a wide range of tax-related incentives at the federal, state and local levels that must be accounted for, thus requiring powerful and flexible taxation management reporting capabilities. NetSol has addressed this need not only with green-friendly taxation tracking and reporting capabilities, but has added features supporting origination, booking, payment, customer service, collections, mid-term adjustments, maintenance and end of terms options support for renewable, recyclable as well as energy-friendly equipment.

CALABASAS, CA--(MARKET WIRE)--Aug 12, 2008 -- NetSol Technologies, Inc. ("NetSol") (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced that Al-Amthal Leasing, one of the largest leasing companies of Saudi Arabia, has gone live with NetSol's LeaseSoft Retail Suite, comprising of the LeaseSoft Credit Application Processing System (CAP), and LeaseSoft Contract Management System (CMS). With this implementation, Al-Amthal's complete retail leasing management system is now run with LeaseSoft solutions. The NetSol LeaseSoft Retail Suite is a key product offering within the NetSol Financial Suite (NFS) of products.

With this implementation LeaseSoft has entered the Middle East market; and is completely Middle East compatible. The LeaseSoft product for the region uses Arabic interfaces, lunar calendar, and has the ability to handle Islamic shariah based financial products.

Commenting on the occasion, Mr. Salim Ghauri, President Asia Pacific and Middle East Region, stated, "LeaseSoft is already positioned as the market leader in the Asia Pacific. Now, with this implementation, we are moving towards the Middle East market as well. We are proud to be associated with one of the biggest names in the Saudi Leasing industry, and look forward to more implementations in the Middle East in the near future."

NetSol's LeaseSoft solution is a premium suite of asset-based leasing software that improves business processes by providing fast and convenient solutions capable of dealing with multi-asset and multi-lingual environments. LeaseSoft solutions are available for customers in motor finance, asset finance, consumer finance, real estate finance and loan finance.

Mercedes-Benz Financial Services Taiwan Complete Retail Leasing Management System Running on LeaseSoft Solutions

CALABASAS, CA--(MARKET WIRE)--Aug 5, 2008 -- NetSol Technologies, Inc. ("NetSol") (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced Mercedes-Benz Financial Services Taiwan (MBFSTw) has gone live with NetSol's LeaseSoft Contract Management System (CMS), a key product offering within the NetSol Financial Suite (NFS) of products. MBFSTw is currently using NetSol's Proposal Management System (PMS), another LeaseSoft core application. In using both PMS and CMS modules, MBFSTw's complete retail leasing management system is now run on LeaseSoft solutions.

Mercedes-Benz Financial Services Taiwan Complete Retail Leasing Management System Running on LeaseSoft Solutions.

Daimler Agreement Extends NetSol's Relationship With Its Longest Standing Customer in the Regions of Asia Pacific and Africa

CALABASAS, CA--(MARKET WIRE)--Jul 31, 2008 -- NetSol Technologies, Inc. ("NetSol") (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced that NetSol's Africa and Asia Pacific/Middle East Division has signed a new frame agreement with Daimler Financial Services AG Germany, to service Daimler's needs in Africa and the Asia Pacific region. According to the frame agreement, Daimler Financial Services will extend its scope of consulting services, development, implementation, customization, and maintenance of software from NetSol on the basis of the new frame agreement.

The frame agreement outlines the implementation of basic and general provisions, regulations, and processes of existing and all future individual agreements for the delivery and development of software or services to Daimler Financial Services. The newly signed frame agreement supersedes all earlier agreements with Daimler Financial Services, of which the last agreement renewal was signed in 2004 for use of NetSol's flagship LeaseSoft solution. To date, NetSol is already serving the needs of Daimler Financial Services and its affiliated companies in eight countries in the Asia Pacific region.

Commenting on the announcement, Mr. Salim Ghauri, President Asia Pacific Division stated, "We are extremely pleased to further expand our relationship as a Global Business Services and LeaseSoft software provider to Daimler Financial Services, who has been a valued and long standing global customer since 1996. The signing of this latest frame agreement demonstrates the level of confidence the Daimler Financial Services team has in our ability to provide world class software, services, and implementation across international markets. NetSol's evolution and enhancement of our products and services portfolio has provided a strong platform upon which to meet the changing needs and operating landscape of our key customers such as Daimler Financial Services. We are very grateful to Daimler and Mercedes Benz for their continued belief in NetSol's commitment to providing a best-of-breed product for its automotive leasing needs."

NetSol's LeaseSoft solution is a premium suite of asset-based leasing software that improves business processes by providing fast and convenient solutions capable of dealing with multi-asset and multi-lingual environments. LeaseSoft solutions are available for customers in motor finance, asset finance, consumer finance, real estate finance, and loan finance.

Customer Win Extends Market Penetration of LeasePak, NetSol North America's Flagship Lease Management System CALABASAS, CA--(MARKET WIRE)--Jul 24, 2008 -- NetSol Technologies, Inc. ("NetSol") (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced the Company has won a multi-million dollar contract for its LeasePak lease management system with the North American captive finance division of a major Asian-based automobile manufacturer. The agreement provides for product licensing, software customization, system implementation, as well as ongoing maintenance and support services for LeasePak, a key product offering within the NetSol Financial Suite (NFS) of Products.

Najeeb Ghauri, Chairman and Chief Executive Officer of NetSol, stated, "This latest North American customer win extends NetSol's position as a leader in providing world class lease management software to the global automotive manufacturing sector. NetSol's LeasePak solution provides a comprehensive platform, allowing the customer to expand its addressable markets, rapidly deploy new systems and processes, increase owner loyalty, improve customer service, all while delivering a flexible yet cost effective solution. The deal also reflects the successful execution of our North America division in further penetrating this key region under the guidance of our newly expanded NetSol Technologies North America senior management team."

LeasePak is a leading solution among North American banks, leasing companies, and financial institutions, accounting for over $150 billion in net assets, worldwide. LeasePak's functional depth and scalability set the standard for the industry.

The LeasePak lease and loan portfolio management technology is unmatched in its built-in leasing expertise, offering lessors the flexibility they need to streamline their operations across the lease lifecycle. LeasePak streamlines portfolio management, accurately tracking leases, loans, and equipment from origination through end-of-term and disposition. As with all NFS products, LeasePak offers maximum flexibility in user interface options, to provide for seamless data access and interchange, and to maintain security standards within the business logic of the system.

Best of Breed Solutions for European Based Auto Leasing and Asset Finance Businesses Builds Momentum With Recent Win CALABASAS, CA--(MARKET WIRE)--Jul 14, 2008 -- NetSol Technologies, Inc. ("NetSol") (NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced that its European division has successfully launched its multi-product strategy in Europe by signing a recent multi-million dollar agreement with a major European Bank, reflecting an enhanced ability to service the auto leasing and asset finance markets in Central and Eastern Europe.

NetSol's European strategy to offer Best of Breed leasing and asset finance solutions leverages LeaseSoft's success in the captive auto finance business in Asia Pacific. LeaseSoft has become the premier solution in the Asia Pacific region and the recent launch of additional LeaseSoft application modules into the European market provides the opportunity to generate significant new revenue streams for the Company, as demonstrated by the recently signed LeaseSoft agreement with a major European bank.

Najeeb Ghauri, CEO and Chairman of NetSol Technologies, Inc., commented, "Our recent LeaseSoft win with a major European bank is a strong vindication of our strategy to leverage our global expertise to develop and market regional solutions while successfully servicing our clients' specific needs. Our LeaseSoft solutions, with enhanced business coverage for the European markets, are geared to provide a quick ROI to our clients as well as generate a new revenue driver for the group. The new European LeaseSoft multi-product portfolio has gathered strong initial traction, in a relatively short time, and reflects the growing strength of our product and customer presence in Europe."

LeaseSoft shortens the time to retail and wholesale markets by providing flexibility in configuring financial products and enhances organizational productivity through efficiently managing the complete lifecycle of the contract in an extremely cost effective way. NetSol's LeaseSoft product is typically sold for a license fee in excess of $1 million, depending upon the size of the clients' portfolio and number of users. Additional revenue is generated from customization, consultancy and maintenance services over the lifespan of the LeaseSoft installation.

The LeaseSoft Credit Application Processing System (CAPS) is designed to cater to the needs of the leasing and finance industry, handling incoming credit applications from various stakeholders, gathering relevant information through different interfaces and evaluating the worthiness of the credit though financial analyses as well as an efficient Point Scoring System.

The LeaseSoft Contract Management System (CMS) offers comprehensive portfolio management to support a full range of functionality required by the asset finance companies. CMS supports general-purpose banking, vendor and captive finance companies and provides the solution for medium to high volume installment credit lenders specifically designed for leasing, hire purchase, operating leasing, motor and retail finance and corporate products.

Agreement to Generate Significant Revenues for the European Operations Over Its Lifespan

CALABASAS, CA--(MARKET WIRE)--Jun 16, 2008 -- NetSol Technologies, Inc. ("NetSol") (NasdaqCM:NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced that its Europe division, in collaboration with its strategic partner Real Consulting Information Systems S.A. of Athens, Greece ("Real Consulting S.A."), has signed an agreement with a major European Bank to implement LeaseSoft within its growing financial leasing unit. The Bank is an international banking organization that offers its products and services both through its network of over 1,500 branches and points of sale and through alternative distribution channels.

The Bank is licensing two modular components of the LeaseSoft solution, the Credit Application Processing System (CAPS) and the Contract Management System (CMS), for its leasing operations in Poland. In addition to the software license, NetSol will provide software customization, system implementation, and ongoing maintenance and support services as part of the contract. Under the current contract there is potential for follow-on agreements to further implement LeaseSoft with its remaining leasing businesses in other countries throughout Eastern, and Western Europe. Financial terms of the agreement will not be disclosed; however, partial revenue recognition which includes upfront license fees will be recognized in the current quarter.
"We are very pleased with this new customer win which represents both our first joint development project with our strategic partner Real Consulting, and more importantly, first European customer win to implement our flagship leasing software. LeaseSoft currently remains the dominant leasing solution in Asia and we are excited to expand our customer base in a new region," said Najeeb Ghauri, chairman and CEO. "We believe that this will be the first of many wins in Europe for LeaseSoft, which utilizes NetSol's BestShoring(TM) development model to deliver to our customers a comprehensive end-to-end solution for captive finance companies that is the most cost-effective to the customer as well."

LeaseSoft shortens the time to retail and wholesale markets by providing flexibility in configuring financial products and enhances organizational productivity through efficiently managing the complete lifecycle of the contract in an extremely cost-effective way.

The LeaseSoft Credit Application Processing System (CAPS) is designed to cater to the needs of the leasing and finance industry, handling incoming credit applications from various stakeholders, gathering relevant information through different interfaces and evaluating the worthiness of the credit though financial analyses and an efficient Point Scoring system.

The LeaseSoft Contract Management System (CMS) offers comprehensive portfolio management to support a full range of functionality required by asset finance companies. CMS supports general-purpose banking, vendor and captive finance companies and provides the solution for medium to high volume installment credit lenders specifically designed for leasing, hire purchase, operating leasing, motor and retail finance and corporate products.

NetSol Dual Listed Shares Will Trade on the DIFX Under the Trading Symbol "NTWK"

CALABASAS, CA--(MARKET WIRE)--Jun 16, 2008 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM:NTWK - News) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, announced today that it is scheduled to commence trading of its dual-listed common shares on the Dubai International Financial Exchange (DIFX) on Monday, June 16, 2008. NetSol will trade on the DIFX under the symbol "NTWK", complementing the Company's current listing on the NASDAQ Capital Market.

"It is with great excitement that we look to initiate trading of NetSol common shares on the DIFX. Our dual listing on the DIFX, the first by a U.S. company, represents an important milestone in our corporate history and supports NetSol's strategic mission to further expand our brand visibility and investor base in the United Arab Emirates (UAE) and the broader Middle East region. Parallel to the dynamic growth we are seeing the in region, NetSol seeks to become a market leader in the region's lease and asset-based financial software market as well as a major provider of Global Business Services to the region," said Mr. Najeeb Ghauri, chairman and chief executive officer of NetSol Technologies. "I would also like to thank Unicorn Consulting Inc., a GCC/UAE business advisory firm who helped organize strategy and logistics in Dubai. I would also like to especially thank Joe Jaigobind formerly of Maxim Group, now at Rodman & Renshaw, for his counsel and guidance in helping us move successfully through the DIFX listing process."

Per E. Larsson, chief executive of the DIFX, stated, "As a high technology company, NetSol is a significant addition to the opportunities for regional investors on the DIFX."

"By creating NASDAQ OMX we are now able to offer listing opportunities in the U.S., Europe and Middle East. We are very pleased that as a NASDAQ listing company Netsol Technologies has chosen to expand their presence to additional NASDAQ OMX markets. We hope that more companies will follow Netsol Technologies' example in order to attract investors on a global scale," stated Bruce Aust, Executive Vice President of NASDAQ OMX Corporate Client Group.

NetSol Technologies will hold a reception and press conference at the Dubai International Financial Centre (DIFC) in Dubai the morning of June 16, 2008 to correspond with the initiation of trading on the DIFX.

NetSol has engaged Computershare Limited ("Computershare"), a leading financial market services and technology provider for the global securities industry, to help facilitate the transfer of shares between the U.S. and Dubai markets. Market participants may utilize Computershare's unique xSettle web-based service to expedite cross-border settlement between the two markets.

To take full advantage of Computershare's global reach, NetSol has also appointed Computershare as its new US Transfer Agent, to be effective in the coming weeks. For more details please visit Computershare's corporate website at www.computershare.com, or contact Computershare's global transaction unit:

Email: USAllGlobalTransactionTeam@computershare.com

Phone: 877-624-5999 (Toll free) or 781-575-4086 (Local)

About Dubai International Financial Exchange (DIFX)

The DIFX is the international financial exchange serving the region between Western Europe and East Asia. It welcomes local as well as global issuers that seek regional and international investment. The exchange currently lists shares, structured products, Sukuk (Islamic bonds), and conventional bonds.

The DIFX opened in September 2005 and currently has 22 Members -- ABN AMRO, Arbuthnot Securities, Barclays Capital, Citigroup, Credit Suisse, Daman Securities International, Deutsche Bank, EFG-Hermes, Gulf National Securities Centre International, Hichens, Harrison & Co, HSBC, ING Bank NV, Jefferies International, J.P. Morgan Securities, KAS BANK, MAC Capital, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), NBD Investment Bank, SHUAA Capital, and UBS.

The majority shareholder of the DIFX is Borse Dubai with a two-thirds stake. NASDAQ OMX Group owns one third of the stake. The regulator of the DIFX is the Dubai Financial Services Authority (DFSA). The DIFX is located in the Dubai International Financial Centre (DIFC).

Valued at Approximately $1.5 Million, the Agreement Provides for Licensing and Implementation of Flagship LeaseSoft Solution and Represents First Customer Win in the Middle East Region

CALABASAS, CA--(MARKET WIRE)--Jan 29, 2008 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM: NTWK - News ), a multinational provider of IT services and enterprise software to the financial services industry, announced that its Asia-Pacific division has signed an agreement valued at approximately $1.5 million with one of the largest leasing companies in the Middle East.

Under terms of the agreement, NetSol will provide the Saudi Arabia based customer with licensing and implementation for NetSol's LeaseSoft Retail Suite comprising the Credit Application System (CAP) and Contract Management System (CMS).

Mr. Salim Ghauri, president of NetSol's Asia-Pacific division, commented, "We have established a very strong presence in the Asia-Pacific region where our LeaseSoft product has become the de facto standard in asset based leasing and finance solutions. This new deployment of LeaseSoft in Saudi Arabia represents an important insertion point for NetSol in the Middle East region. As economic growth and capital flows in the Middle East continue to increase, we see many opportunities to assist in the automation of the lease and finance industry of this region in the days to come."

LeaseSoft is an end-to-end automated solution for the asset-based leasing and finance industry that is flexible, efficient, productive, powerful, and accurate. LeaseSoft is the de facto standard in the Asia Pacific region for Asset Finance, Consumer Finance, Loan Finance and Motor Finance.

LeaseSoft is designed to be fully configurable to meet the needs of disparate regions and industries, and support multi-asset and multi-lingual environments. The LeaseSoft application provides a fully automated asset-based finance solution covering the full leasing/finance lifecycle.

Accreditation Offers International Customers Proven Information Security Management Protocols and Standards

CALABASAS, CA--(MARKET WIRE)--Jan 23, 2008 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM: NTWK - News ), a multinational provider of IT services and enterprise software to the financial services industry, announced that its Asia-Pacific division's Lahore based IT campus "NetSol Village," has achieved ISO 27001 certification. International Organization for Standardization (ISO) is the world's largest developer and publisher of International Standards.

ISO 27001 specifies the requirements for establishing, implementing, operating, monitoring, reviewing, maintaining and improving a documented Information Security Management System within the context of the organization's overall business risks. It specifies requirements for the implementation of security controls customized to the needs of individual organizations or parts thereof. The ISO 27001 certification is designed to ensure the selection of adequate and proportionate security controls that protect information assets and give confidence to interested parties.

Salim Ghauri, president of NetSol's Asia-Pacific division, commented, "It is with great pride that we announce that our development facility in Lahore has achieved ISO 27001 accreditation. In simple terms, with ISO 27001 certification our customers can feel comfortable in the knowledge that their private information is protected and that the work conducted in our Lahore facility is fully secure as ranked by the world's leading standards authority. This achievement is not only important for NetSol but also for the entire Pakistan IT Industry, as it is our objective to further promote international interest in our capabilities from abroad."

The ISO is a network of national standards institutes of 157 countries, on the basis of one member per country with a Central Secretariat located in Geneva , Switzerland to coordinate the system. ISO is a non-governmental organization.

January 7, 2008
NetSol Technologies Named to Software Magazine's 25th Annual Software 500

Software Magazine Ranks NetSol Technologies as One of the World's Largest Software Companies

CALABASAS, CA--(MARKET WIRE)--Jan 7, 2008 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM: NTWK - News ), a multinational provider of IT services and enterprise software to the financial services industry, today announced its inclusion in the Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year. NetSol joins the Software 500 list for the first time this year with a rank of 340 worldwide.

"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 130 new companies on the list this year, including NetSol Technologies," stated John P. Desmond, editor of Software Magazine and Softwaremag.com. "The top four business sectors this year are System Integration Services/IT Consulting, Application Development, Financial Applications and Security Tools/Systems."

The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.

The ranking is based on total worldwide software and services revenue for 2006. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com , as well as from public documents.

Mr. Najeeb Ghauri, chairman and CEO of NetSol Technologies, commented, "We are proud to be included in Software Magazine's annual ranking for the very first time this year. We look forward to building on this accomplishment in 2008 and continuing to grow our presence in this field of world-class companies."

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

LeaseSoft the De Facto Standard in Lease and Asset-Based Finance Software in Asia Pacific Region

CALABASAS, CA--(MARKET WIRE)--Dec 4, 2007 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM:NTWK - News), a multinational provider of IT services and enterprise software to the financial services industry, announced that the LeaseSoft product suite for asset finance, lease accounting and portfolio management system has won the Best Financial Industry Application Award for 2007. NetSol was recently honored with the award at the Asia Pacific ICT Alliance (APICTA) Awards in Singapore.

APICTA is one of the largest Information and Communications Technology (ICT) associations in the Asia Pacific region with 20 member countries including Australia, China, Hong Kong, India, Korea, Malaysia, Pakistan, Singapore, among others. From a pool of 15 nominees, LeaseSoft was declared the winner by an international panel of judges. In naming the winner APICTA judges examined a wide range of factors including uniqueness of the offering, market potential, state of the art functionalities and features, quality and application technology as well as a presentation of the offering from the respective developers.

Mr. Salim Ghauri, President Netsol Technologies Inc. Asia Pacific, commented, "We are pleased that our hard work developing LeaseSoft has been recognized by such a distinguished panel of international industry experts. APICTA's 'Best Financial Industry Application Award' reaffirms that NetSol's LeaseSoft is the product of choice for the Leasing and Finance industry across the Asia-Pacific region."

LeaseSoft is an end-to-end automated solution for the asset-based leasing and finance industry that is flexible, efficient, productive, powerful, and accurate. LeaseSoft is the de facto standard in the Asia Pacific region for Asset Finance, Consumer Finance, Loan Finance and Motor Finance.

LeaseSoft is designed to be fully configurable to meet the needs of disparate regions and industries, and support multi-asset and multi-lingual environments. The LeaseSoft application provides a fully automated asset-based finance solution covering the full leasing/finance lifecycle.

NetSol's LeaseSoft Product Continues to Be the Preferred Vehicle Finance Accounting and Portfolio Management System in the Region, New Contract Value in Excess of $1 Million

CALABASAS, CA -- (MARKET WIRE) -- 07/11/07 -- NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of enterprise software and IT services to the financial services industry, today announced that its Asia Pacific division has signed a contract for the license of LeaseSoft, the Company's flagship vehicle portfolio management system; the aggregate value of the contract is in excess of $1 million. The software was licensed by the Hong Kong vehicle finance operations of a major blue-chip European automotive manufacturer.

Under the terms of agreement, this new customer will license LeaseSoft's Retail Finance software, which is an end-to-end modular enterprise software suite comprised of a Credit Application Processing System and a Contract Management System. In addition to these modules, NetSol Technologies will provide software customization, system implementation, and ongoing maintenance and support services to this client.

Najeeb Ghauri, chairman and CEO, commented, "The new contract represents a significant win for NetSol as China continues to be our #1 revenue generating market. We are demonstrating that LeaseSoft is recognized as the preferred vehicle finance accounting and portfolio management system in the region, supporting the expansion of global auto manufacturers into China. LeaseSoft remains the only complete end-to-end solution and product of choice for captive finance companies in China and the Asia Pacific (APAC) region as a whole."

Mr. Ghauri continued, "LeaseSoft shortens the time to reach retail and wholesale markets by providing flexibility in configuring financial products and enhances organizational productivity through efficiently managing the complete lifecycle of the contract in an extremely cost-effective way," concluded Mr. Ghauri.

CALABASAS, CA -- (MARKET WIRE) -- 04/23/07 -- NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of enterprise software and IT services to the financial services industry, today announced that its Asia Pacific division has signed a follow-on contract valued at more than $1.0 million with the automotive finance division of one of the largest Japanese automakers. The customer is licensing the LeaseSoft Retail Finance System for its operations in China. In addition to the software license, NetSol will provide software customization, system implementation and ongoing maintenance and support services as part of the contract.

The LeaseSoft Retail Finance System was selected to replace the customer's existing retail system. Under terms of the contract, it is licensing two modular components -- the Credit Application Processing System ("CAPS") and the Contract Management System ("CMS") -- of LeaseSoft, NetSol's flagship vehicle portfolio management system. The company, a long-term NetSol customer, is currently using the LeaseSoft Wholesale Finance System ("WFS") in its operations in China.

"We are delighted to receive this follow-on contract from a long-term customer, and believe the repeat investment demonstrates the customer's satisfaction with LeaseSoft and NetSol's superior technical support services," said Najeeb Ghauri, chairman and CEO. "The only end-to-end solution available for captive finance companies in the Asia Pacific (APAC) region, LeaseSoft is recognized as the preferred vehicle finance accounting and portfolio management system in the region. In fact, robust sales of LeaseSoft in China have resulted in that market becoming NetSol's #1 revenue-generating market.

"We believe the recent stream of contract announcements demonstrate that NetSol is strengthening the LeaseSoft product foothold in the Asia-Pacific region. These orders are indicative of how well NetSol is positioned to be a key player in meeting the needs of automotive finance companies in the APAC region and worldwide," concluded Mr. Ghauri.

LeaseSoft shortens the time to retail and wholesale markets by providing flexibility in configuring financial products and enhances organizational productivity through efficiently managing the complete lifecycle of the contract in an extremely cost-effective way.

About CAPS
Designed to cater to the needs of leasing and finance industry, Credit Application Processing System handles the incoming credit applications from various stakeholders, gathers relevant information through different interfaces and evaluates the worthiness of the credit though financial analyses as well as an efficient Point Scoring System. For further details, click here to download our brochure.

About CMS
Our comprehensive portfolio management system deals with the basic functionality required by the asset finance companies. CMS supports general-purpose banking, vendor and captive finance companies and provides the solution for medium to high volume installment credit lenders specifically designed for leasing, hire purchase, operating leasing, motor and retail finance and corporate products. For further details, click here to download our brochure.

CALABASAS, CA--(MARKET WIRE)--Apr 16, 2007 -- NetSol Technologies, Inc. ("NetSol") (NasdaqCM: NTWK - News ), a multinational provider of enterprise software and IT services to the financial services industry, today announced that its Asia Pacific division has signed a contract with a major automotive finance company to license the LeaseSoft Fleet Management System. In addition to the software license, NetSol will provide software customization, system implementation and ongoing maintenance and support services as part of the contract, valued at $1.5 million.

The Fleet Management System ("FMS") enables fleet managers of any size to effectively manage all life-cycle elements of their fleet operations, including sourcing, acquisition, financing, maintenance authorization, registration management, fine management, toll management, transportation, repairs, disposal, FBT reporting, usage management reporting, etc. FMS can be used for vehicle and non-vehicle assets. One of four modular components of LeaseSoft, NetSol's flagship vehicle portfolio management system, FMS is easily integrated with the NetSol Contract Management Systems ("CMS") and Wholesale Finance System ("WFS"), as well as with any third party contract management system.

Najeeb Ghauri, chairman and CEO, said, "This contract is a significant milestone for the Company as it marks the first contract for the LeaseSoft Fleet Management System. Furthermore, sales to this new market segment strengthen our foothold as a leading provider of software applications and services to the financial services industry.

"Fleet Management represents a major, new vertical market opportunity for the Company, and we believe the segment has strong growth potential. As one of few companies currently offering such a product, we believe NetSol has the opportunity to quickly become a dominant player in Fleet Management. We have been involved in the development of this system for quite some time; we are excited to implement our first FMS for one of the major players in the automotive sector in the Asia Pacific," concluded Mr. Ghauri.

Each year, approximately 3.1 million new fleet vehicles are registered in the US. Moreover, according to the Automotive Fleet Fact Book 2006, nearly 21% of the total passenger cars and trucks registered in the US are registered under the "Fleet Services" category. And according to the latest available official statistics there are approximately 32.3 million registered commercial vehicles in the EU, with approximately 2.5 million new fleet registrations every year. (1)

About NetSol Technologies
NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company's clients include global automakers, financial institutions, technology companies and governmental agencies. NetSol's largest customer, DaimlerChrysler Services, ranks the Company as a preferred vendor in 40+ countries. Headquartered in Calabasas, CA, NetSol Technologies also has operations and/or offices in London, San Francisco, Adelaide, Beijing, Toronto, and Lahore and Karachi, Pakistan. To learn more about NetSol Technologies, visit the Company's web site at www.netsoltek.com

CALABASAS, CA – March 7, 2007 -- NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of enterprise software and IT services to the financial services industry, today announced that it has secured its fifth major win in China in the past 12 months with the signing of a multi-million dollar contract for the sale of LeaseSoft. The contract, valued at more than $2.0 million, includes license, customization and maintenance fees.

The latest customer is a major, multi-national captive finance company that plans to use NetSol's flagship vehicle portfolio management system to launch its vehicle financing operations in China before the end of 2007. Under terms of the Agreement, the customer is purchasing the LeaseSoft Retail Finance suite comprised of – Credit Application Processing, Contract Management and Wholesale Finance, as well as receiving full software customization, system implementation, and ongoing maintenance and support services for the product.

Najeeb Ghauri, chairman and chief executive officer, stated, "As the only end-to-end solution available for captive finance companies in the Asia Pacific region, LeaseSoft has gained significant brand notoriety and is now recognized as the preferred vehicle finance accounting and portfolio management system in the region. We have posted record sales of the product in APAC over the past 12 months, and our visibility for future sales in the region remains very strong. Moreover, sales leads for LeaseSoft in the region are coming not only from captive finance companies but also from companies throughout the financial services sector. Therefore, we expect to close fiscal year 2007 (June) with a record number of LeaseSoft sales in the APAC region."

About NetSol Technologies
NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company's clients include global automakers, financial institutions, technology companies and governmental agencies. NetSol's largest customer, DaimlerChrysler Services, ranks the Company as a preferred vendor in 40+ countries. Headquartered in Calabasas, CA, NetSol Technologies also has operations and/or offices in London, San Francisco, Adelaide, Beijing, Toronto, and Lahore and Karachi, Pakistan. To learn more about NetSol Technologies, visit the Company's web site at www.netsoltek.com

Michelle Jia, Paul Grace ( Director-NetSolCQ China), Mary Hu Jing,
Muhammad Khalid Iqbal (VP Marketing-LeaseSoft), Numair Tahir, Zahid Mushtaq
representing NetSol at the exhibition.

CALABASAS, CA--(MARKET WIRE)--Feb 8, 2007 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM: NTWK - News ), a multinational provider of enterprise software and IT services to the financial services industry, today announced that its Asia Pacific division has signed a contract for the purchase of LeaseSoft, the Company's flagship vehicle portfolio management system, valued at approximately $1.5 million, including license, customization and maintenance. The software was licensed by the China vehicle finance operations of a blue-chip European automotive manufacturer.

LeaseSoft is an end-to-end, modular suite comprised of four software applications. Under terms of this Agreement, the customer is purchasing LeaseSoft Retail Finance software with three application modules -- Credit Application Processing, Contract Management and Wholesale Finance, as well as receiving full software customization, system implementation, and ongoing maintenance and support services for the product.

Najeeb Ghauri, chairman and CEO, stated, "This contract marks the third sale of LeaseSoft to a significant vehicle finance operation in the Chinese market. Furthermore, it commences a long-term relationship with one of the most prestigious names in the automotive industry. NetSol is demonstrating that it can and is successfully positioning itself as the premier leasing and finance portfolio management solutions provider worldwide. Given that the Chinese market is still in the nascent stages of development, we believe the LeaseSoft customer base will continue to expand as our sales and market initiatives in this important growth market continue to produce results."

NetSol has successfully implemented LeaseSoft in the Chinese operations of DaimlerChrysler Auto Finance and Toyota Motor Finance.

About NetSol Technologies
NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company's clients include global automakers, financial institutions, technology companies and governmental agencies. NetSol's largest customer, DaimlerChrysler Services, ranks the Company as a preferred vendor in 40+ countries. Headquartered in Calabasas, CA, NetSol Technologies also has operations and/or offices in London, San Francisco, Adelaide, Beijing, Toronto, and Lahore and Karachi, Pakistan. To learn more about NetSol Technologies, visit the Company's web site at www.netsoltek.com

CALABASAS, CA--(MARKET WIRE)--Aug 14, 2006 -- NetSol Technologies, Inc. (NasdaqSC: NTWK -News), a U.S.-based, multinational provider of enterprise software and services for equipment financing, today announced it received the prestigious Capability Maturity Model (CMMI) L5 rating by the Carnegie Mellon Software Engineering Institute (SEI). CMMI L5 status, the most rigorous and highest rating available, recognizes global software developers focusing on best practices in product development. Only 94 of the world's software organizations are currently rated CMMI L5.

"We are pleased and very proud to announce to our customers, shareholders and the entire NetSol family that we have achieved the most significant engineering and development milestone in our company's quest for software excellence," said NetSol President Salim Ghauri. "The newly garnered L5 status positions NetSol among the world's most respected software developers, which includes IBM, Motorola, Boeing, Hewlett-Packard, and Toshiba, to name but a few. Our customers will continue to see the benefits of our already exemplary software development process, along with the meticulous control of products and processes, scrupulous project risk management, and an overall reduction of development costs."

"Technology leadership, validated by our CMMI L5 rating, opens doors for our sales and marketing teams internationally as well as with U.S.-based Fortune 500 companies," commented NetSol Technologies CEO Naeem Ghauri. "Companies rated at L5 have reported a significant increase in business contracts, increased software productivity, decreased software costs and substantially fewer software defects. This highest-level ranking," continued Ghauri, "places us above the majority of the competition and at the forefront of software development. Also, we were honored that our development subsidiary, NetSol Technologies, Ltd., was the first Pakistani company awarded this standard of excellence."

Pakistan's Minister for Information Technology, Mr. Awais Ahmad Khan Leghari, will present NetSol management with its CMMI L5 certificate in ceremony to be held in Islamabad.

About CMMI and Level 5

The Capability Maturity Model for Software (CMMI) is a model for judging the maturity of the software processes of an organization and for identifying the key practices that are required to increase the maturity of these processes. The CMMI has been developed by the software community with stewardship by the Software Engineering Institute (SEI), Carnegie Mellon University.

The CMMI has become a de facto standard for assessing and improving software processes. Through the CMMI, the SEI and community have established an effective means for modeling, defining and measuring the maturity of the processes used by software professionals.

L5, the highest CMMI level, is defined as the "optimizing" level, wherein the entire organization is focused on continuous process improvement. The root cause of defects is identified. Corrective and preventive actions are determined and carried out. Goals for the reduction in defect density are set, actions are planned to achieve the goal and the outcome is compared with the goal to determine the effectiveness of the actions. Risks are evaluated during the life of the project and actions are taken to mitigate them. For more information, please visit http://www.sei.cmu.edu/cmmi

CALABASAS, CA--(MARKET WIRE)--Aug 10, 2006 -- NetSol Technologies, Inc. (NasdaqSC: NTWK -News), a US-based multinational provider of enterprise software and services for equipment finance, today announced its wholly owned subsidiary, Burlingame, CA-based McCue Systems, has successfully completed the implementation of its flagship vehicle finance software suite, LeasePak, at a major Korean vehicle finance operation. Under the terms of the approximately $1.5 million contract, McCue Systems provided a customized version of LeasePak, along with implementation and support services.

The operation will serve the company's dealer network throughout the United States, facilitating consumer leases for a complete line of vehicles. The customized LeasePak configuration will be integrated into the customer's existing dealer network to simplify and streamline contract origination for dealerships.

"We are pleased to add this marquee brand to the growing list of global automotive and equipment leasing companies using LeasePak as their vehicle and asset finance software of choice," commented McCue Systems CEO John McCue. "The customer's fast-ramping program required a robust system designed to efficiently manage growing transaction volume. We look forward to working closely with their team as they move forward to expand the use of LeasePak throughout their operations."