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 3.2800.0%May 24 12:00 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: QualityStocks8/5/2010 11:10:16 AM
   of 181
Increase In North American Sales a Bonus for NetSol Technologies (NTWK)

For NetSol Technologies Inc. (NASDAQ: NTWK), global provider of enterprise application solutions, the recent jump in North American sales is frosting on the cake, coming off of significant accomplishments overseas. The company had been focusing on its growing global position, recently announcing a major contract with Sany Corp. of China. Sany is the largest concrete machinery manufacturer in the world, and is considered to have the highest growth momentum in China. NetSol then announced the successful implementation of its NFS (NetSol Financial Suite) by Minsheng Financial Leasing Co. Ltd.

And now the company has declared a major rebound in quarterly North American sales, resulting largely from current clients ordering enhancements and upgrades to existing installations. Orders include the purchase of additional licenses for NetSol’s LeasePak lease management solution plus software upgrades for the company’s Wholesale Finance System.

NetSol Chairman and CEO, Najeeb Ghauri, commented, “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.”

NetSol’s LeasePak has long been the lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America, and is a key component of the company’s Finacial Suite (NFS) comprehensive lifecycle product.

Overall, NetSol has weathered the ongoing economic storm far better than most, due to its strong relationship with software giant SAP and the well known quality of its products and services. The company has achieved ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide.

For more information, visit

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