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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)
NTWK 3.350+1.7%11:34 AM EDT

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From: QualityStocks7/19/2010 11:01:15 AM
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NetSol Technologies, Inc. (NTWK) Continues to Rack Up China and Global Success

NetSol Technologies Inc. continues to strengthen its position in China and around the world, with a recent string of good news kicked off by its recent announcement of a major contract with giant Sany Corp. of China. The agreement calls for NetSol to deploy its popular Financial Suite (NFS) solution across Sany’s vast dealership network, as well as in its back office centers across China.

The deal represents a huge success for NetSol. Sany Corp. is the largest concrete machinery manufacturer in the world, and one of the world’s top 50 construction machinery manufacturers. It has also been honored as the most profitable and competitive enterprise in the engineering machinery industry, with the highest growth momentum in China. That Sany picked NetSol testifies to the company’s strong global reputation and the unmatched appeal of their products.

NetSol head of Global Sales, Naeem Ghauri, commented, “This win is one of many we have in our current pipeline and is a further validation of our China strategy and our NFS value proposition. We have a clear market leadership in this exciting space, which is continuing to grow exponentially in China.”

Following up on the Sany deal, NetSol announced on July 6 the successful implementation of its NFS solution by Minsheng Financial Leasing Co. Ltd., NetSol’s first major banking-oriented financial leasing client in China. According to Minsheng, the system has already helped normalize its business processes and significantly improve its operational efficiency.

And now, NetSol has announced that North American sales of enhancements to its LeasePak lease management solution have jumped, suggesting growing North American demand for LeasePak, and leading the company’s Chairman and CEO, Najeeb Ghauri, to say “We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”

For more information on NetSol Technologies, visit the company website at www.NetSolTech.com

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