We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)
NTWK 3.315-0.5%3:39 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: QualityStocks7/14/2010 9:14:43 AM
  Read Replies (1) of 181
NetSol Technologies, Inc. (NTWK) Announces Rebound in North American Sales as Existing Customers Increase Orders

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced sales in North American related to enhancements to its LeasePak lease management solution have increased significantly from this year’s second quarter into the current quarter.

According to the press release, NetSol Technologies’ North American division has sold additional LeasePak licenses to a number of existing customers, including the finance arm of a large automotive manufacturing company. The company has also experienced a considerable increase in software upgrade revenue, which was credited to new functionality required by North American customers using the LeasePak and Wholesale Finance System.

Najeeb Ghauri, Chairman and CEO of NetSol, stated, “The increase in enhancement-related revenue suggests growing North American demand for our LeasePak product. As our major U.S.-based clients seek to upgrade their existing systems, we look forward to providing them with flexible, modular software solutions to meet their changing needs. We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”

For more than three decades, LeasePak has been the lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America. LeasePak is a key component of NetSol Financial Suite’s end-to-end lifecycle solution.

Please see disclaimer on our profile
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext