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   Microcap & Penny StocksNTWK OTC BB Netsol International Inc (Formerly MGHI)


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From: alenor5/18/2010 8:33:00 AM
   of 181
 
News today: Founders buy over one million shares, that includes the CEO with 350,000 shares at .87...
a quote from that news:
"...The shares were purchased at the price of $0.87 on May 14, 2010. Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock. Salim Ghauri, President APAC, acquired 350,000 shares. Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition..."

NTWK already trading before the market opens and already well over .90.

alen

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From: QualityStocks5/18/2010 9:09:54 AM
   of 181
 
Founders Acquire Over 1 Million Shares of NetSol Technologies, Inc. (NTWK)

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced today that its three founding officers acquired over 1 million shares in the company through a private transaction. Purchased at the price of $0.87 on May 14, 2010, Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock, Salim Ghauri, President APAC, acquired 350,000 shares, and Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition.

NetSol Technologies, Inc. leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.

Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies’ clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.

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From: QualityStocks5/26/2010 12:42:36 PM
   of 181
 
NetSol Technologies, Inc.’s (NTWK) Web of Global Alliances and Joint Ventures

NetSol Technologies Inc. is a worldwide provider of global IT and enterprise application solutions. The company serves the global financial, healthcare, insurance, energy and technology markets. One of the key approaches of NetSol has been to develop strategic global alliances with different types of partners. The aim is to establish credibility for the customers, enhance knowledge on different technologies and industries, and penetration into new geographical markets.

Currently, the company is focused on two joint ventures. The first joint venture, called Extended Innovation, was formed in 2005 with Britain’s Innovation Group PLC. This venture has shown tremendous growth since its formation and is centered on the insurance industry. It services leading global insurance companies including Allstate, Hertz, Avis, Aviva and Norwich Union.

In 2009, NetSol formed another joint venture, called Atheeb NetSol, with Atheeb Group of Saudi Arabia – a Saudi conglomerate. Atheeb NetSol is to form a “software engineering center of excellence” in Riyadh, Saudi Arabia. The joint venture will target the huge potential existing in IT markets in the Middle East, Africa and Asia, particularly in Saudi Arabia and the Gulf region. The venture’s major focus will be on government projects, defense, finance and telecom sectors in the region.

In addition to these two important joint ventures, NetSol is affiliated with the biggest names in the global IT industry. These affiliations have allowed NetSol to develop its expertise across a wide spectrum which helps in providing a comprehensive, organization-wide IT solution for clients. The following list of companies partnered with NetSol is quite impressive:

• Oracle certified partner – NetSol has won Oracle certification for its products including NFS, HMIS, MTMIS, Legislation system and other products.
• Microsoft gold certified partner – NetSol received competencies (from customer references) in five different areas of the Microsoft gold partnership.
• SAP – NetSol is a SAP services partner, and delivers superior SAP solutions to Fortune 1000 companies across many industries.
• Hewlett Packard-DSPP partner – HP developer and solution provider portal allows NetSol quick and easy web access to HP hardware, support and software.
• IBM-Internet Security Systems – NetSol is a tier 1 partner of IBM-ISS in Pakistan. It is licensed to provide the hardware, software and services to clients in Pakistan.
• Thales Raytheon Systems – Netsol, as a technology partner, represents Raytheon Defense Solutions in Pakistan.
• Kaspersky Lab – NetSol, an enterprise partner of Kaspersky Labs Russia, provides end point security solutions to clients in the telecom, finance, defense, health and public sectors.
• Real Consulting – The companies have a collaboration to introduce NetSol’s IT services and enterprise solutions into Greece and adjacent markets.
• Neptune Software PLC – There is a non-exclusive and non-competitive reseller agreement between the companies for South Africa, Ghana, Kenya, Nigeria, Uganda and other nations on the African continent.

For more information on NetSol Technologies, please visit www.netsoltech.com.

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From: QualityStocks5/27/2010 9:51:52 AM
   of 181
 
NetSol Technologies, Inc. (NTWK) Announces Over $3 Million in New Contracts as Major Automotive Finance Company Implements NetSol Financial Suite(TM)

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it has secured two major projects worth more than $3 million to implement its NetSol Financial Suite (NFS)(TM) Contract Management System (CMS) with a major international automotive manufacturer’s captive finance company in the Asia-Pacific Region.

NetSol’s solution will fully automate the customer’s financing business, providing improved operational efficiencies, enhanced contract lifecycle management, increased financial visibility, and quick return on investment. The contract has been skillfully structured for significant upfront as well as recurring revenue components.

Naeem Ghauri, Head of Global Sales of NetSol and President of NetSol Technologies Europe, Ltd., stated, “Emerging and mature markets in Asia Pacific are driving our recovery with these new contract wins. Our visibility in this dynamic region continues to grow and we see our access to the market increasing with each new win. Currently, NetSol is positioned ahead of its competitors to benefit from the growth in the APAC Automotive Finance sector.”

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From: QualityStocks6/2/2010 1:30:53 PM
   of 181
 
NetSol Technologies, Inc. (NTWK) Offers Full Credit Bureau Capabilities with Web-Based Product

NetSol Technologies Inc., a leading global enterprise software company, offers among its many products and services one of the most advanced credit automation systems available anywhere in the world. Its name is Electronic Credit Information Bureau (e-CIB) and it allows any commercial or governmental operation to fully automate the functionalities of a credit bureau. Completely web-based, the system provides the user direct and immediate online access to borrower financial data. It’s an end-to-end solution for credit bureaus, banks, and other commercial and government users.

e-CIB is state-of-the-art, incorporating Oracle and Java, with a secure interface made possible through the use of the latest SSL and VPN networking technologies, and also includes XML based integration. It’s a highly scalable system, able to handle an estimated increase from around 100,000 to 3 million credit information requests per month, and can easily grow with the user.

System capabilities are divided into three major components:

• Data Capture (data collection) – e-CIB greatly reduces the data entry and consolidation burden, decreasing associated errors, and is designed to minimize data upload time for fast operation.
• Back Office (credit profile generation) – The system provides easy and secure data storage and tracking, and can easily deal with large transaction volumes.
• Data Inquiry (customer service) – It can handle many concurrent users, with consistently quick and reliable credit application processing.

The bottom line is that e-CIB is a unique product, allowing users to more efficiently identify and monitor credit risk, and thus helps the user better approach potential customers by providing fast and accurate information regarding their credit rating and debt burden.

It’s a good example of why NetSol is always able to stay ahead of the crowd with leading edge offerings. The fact that the company is also one of only 100 companies around the world to have achieved ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, dramatically backs up e-CIB and all of their other products.

For more information, visit the company's website at www.NetSolTech.com

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From: alenor6/8/2010 9:43:23 AM
   of 181
 
So, RedChip initiates research coverage and expects:
"...Matson continued: "Trading close to its GAAP book value and at what we believe is an unreasonably low 6.3x projected fiscal 2011 earnings, we are initiating coverage of NTWK with a Strong Buy rating and a price target of $3.00."..."

Sure would like that three dollars a share but do not think it's for tomorrow yet. Promotional comments may help but NetSol should progress through its own ability to produce revenues and show profitability, which, imo, is just a matter of time.

I expect QS to post the full news later in the day.

alen

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From: QualityStocks6/8/2010 11:22:47 AM
   of 181
 
NetSol Technologies, Inc. (NTWK) Receives “Strong Buy” Rating and $3.00 Price Target from RedChip Visibility

RedChip Visibility, a division of RedChip Companies, Inc., yesterday announced its initiation of coverage on NetSol Technologies Inc., a developer and implementer of global business services and enterprise application solutions.

Bill Matson, CFA, RedChip Research Analyst, stated, “NetSol’s global footprint, low labor costs, proven quality, and software with the ability to consolidate an unprecedented variety of global IT functions in one location for credit-based businesses have allowed the Company to build a diversified blue chip client base.”

“While approximately 60% of NetSol’s revenues are currently derived from its NetSol Financial Suite(TM), it must be noted that the Company is involved in varying degrees with several initiatives that could ultimately surpass the scale of its business with credit-based businesses. These opportunities include defense, health care, land records management, property and casualty insurance, and SAP-compatible software.”

Matson added, “Trading close to its GAAP book value and at what we believe is an unreasonably low 6.3x projected fiscal 2011 earnings, we are initiating coverage of NTWK with a Strong Buy rating and a price target of $3.00.”

Investors interested in receiving a complimentary copy of the RedChip Visibility Initial Research Report for NTWK should visit: redchip.com

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From: QualityStocks6/10/2010 9:27:23 AM
   of 181
 
NetSol Technologies, Inc.’s (NTWK) Announces SAP Certification for Its smartOCI(TM) Search Engine

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that the Company’s eProcurement catalog search engine, smartOCI(TM), has been certified by SAP for integration with SAP applications.

According to the press release, smartOCI(TM) achieved the highest level of certification with the B2B-OCI catalog interface, allowing buying organizations to use smartOCI(TM) to search and exchange catalog content from suppliers worldwide and transfer these purchasing requests to the SAP and SRM backend systems. Launched only a month ago, smartOCI(TM) is designed to provide corporate buyers and shoppers a simple and intuitive user interface to search multiple supplier catalogs simultaneously within the SAP SRM application.

Najeeb Ghauri, NetSol Technologies Chairman and CEO, stated, “Achieving SAP certification with our smartOCI(TM) product is an important milestone for our organization and provides our SAP customers and prospects with the confidence that the smartOCI(TM) product properly integrates with the SAP product line.”

NetSol is currently partnered with SAP in its PartnerEdge program, which allows the company to work closely with SAP to develop and certify the technical integration of its products with SAP software. Integrated partner applications extend, complement and add value to SAP solutions, thus helping mutual customers more successfully meet business needs and drive stronger results.

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From: QualityStocks6/14/2010 9:51:55 AM
   of 181
 
NetSol Technologies Inc. (NTWK) Thrives Despite Economic Turbulence

When NetSol Technologies announced recently that it had secured $3 million from a major international automotive maker’s captive finance company in the Asia-Pacific region, it was just one more reflection of the very real difference between NetSol and so many other companies in the enterprise software business. In the midst of the most challenging period in that industry, perhaps since its inception, NetSol has been able to leverage its unsurpassed reputation for quality, its strong relationship with SAP technology, and its expanding worldwide connections to survive and grow. It’s this very unusual mix of strengths that make NetSol such an important investment consideration.

NetSol is a global provider of financial and other enterprise software solutions and business services to a variety of industries, including financial, healthcare, insurance, energy, and technology markets. It is one of only about 100 companies in the world to achieve ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments. In other words, it has a major certification of quality and trust every time it walks in the door. In an industry that is all too often known for its history of customer complaints, this is a critical and hard-won badge, especially in global environments that base relationships on personal integrity and reputation.

NetSol’s signing of a combined $3 million Asia-Pacific agreement comes on the heels of an agreement with a Chinese finance company partnered with a major European bank and a multi-billion dollar Chinese financial services group. NetSol’s global perspective, including growing contacts in Asia and the Middle East, has allowed it to weather regional storms, taking advantage of stronger world opportunities. It has also worked to develop a number of strategic global alliances, such as the recent Atheeb NetSol venture with the Atheeb Group of Saudi Arabia. It’s a fundamental strategy that allows the company to better penetrate new geographical markets and industries, and to grow technologically.

As parts of the world economy start to improve, NetSol’s well planned and long cultivated mix of attributes, the same qualities that have kept it going while so many others have been buried by the recession, should allow it to flourish.

All of this is backed up by the most recent financial results, covering the company’s third quarter ended March 31, 2010. Quarterly revenues were reported as $8.9 million, up 77.8% from the $5 million reported for the same period last year, headed by a 100% sequential growth in core NetSol Financial Suite (NFS) TM license sales. Total net revenue from license fees was $3.64 million, an increase of 1,022% over the same period last year. Operating income increased to $2.58 million, compared to an operating loss of $4.26 million for the same period last year. EBITA totaled $1.9 million, or $.05 per diluted share, versus an EBITA loss of $3.5 million, or a loss of ($.013) per diluted share for the same period last year. Net income per share totaled $.02, versus a loss ($.19) for the same period a year ago. In addition, revenues for the nine months ended March 31, 2010, were up 33%, to $26.1 million, over the same nine-month period last year.

NetSol Chairman and CEO, Najeeb Ghauri, commented on the impressive numbers. “We are very pleased with our performance in the third fiscal quarter, highlighted by a 78% increase in our sales versus the same period a year ago and a return to quarterly profitability for the first time in six quarters. It is our aim to finish the year completely profitable on the fiscal year analysis. Our financial results continue to deliver material improvements in every major metric of financial health, and we are optimistic about future outlook.”

He concluded, “Our efforts to invest in our core NetSol Financial Suite (NFS)TM throughout the global economic downturn has well positioned the company to leverage the upturn in customer activity that we continue to see, particularly in China and APAC region in general. We enter the end of our fiscal year 2010 with the most positive momentum in the company’s recent history and we see increased interest among our major customers as well as new potential partners in the sector. Additionally, we see excellent opportunities for collaboration and strategic initiatives as we head to the conclusion of the fiscal year 2010.”

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To: QualityStocks who wrote (156)6/14/2010 1:19:54 PM
From: alenor
   of 181
 
QS, your last post resumes very well NetSol's position.
It would not take that much, imo, for a return to a share price of a dollar.
tx
alen

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