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


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From: QualityStocks6/23/2010 11:33:31 AM
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NetSol Technologies, Inc. (NTWK) Re-Engineering Healthcare Information Processing

NetSol Technologies Inc., a worldwide provider of automated and IT enabled enterprise software solutions, and recognized SAP Services Partner, has become a major player in re-engineering the information processing side of the healthcare industry.

Healthcare is an industry undergoing major changes and rapid growth, and is in urgent need of automation. Effective software solutions must incorporate a vast array of governmental and industrial rules, while offering an extraordinarily efficient engine for identifying and controlling costs, in addition to allowing easy scaling and functional growth.

NetSol works closely with the industry, providing automated, secure, and integrated solutions for the clinical, financial, and management requirements of hospitals and associated healthcare organizations. NetSol’s innovative Hospital Management Information System (HIMS) is a sophisticated ERP (Enterprise Resource Planning) system, especially designed for hospitals and healthcare clinics. It seamlessly integrates advanced and comprehensive medical records management, multi-tiered data security, highly flexible data search capabilities, and customizable categorizations. From a business standpoint, the result is unparalleled efficiency and cost effectiveness, leading to bottom line profitability.

Solutions are available for a variety of healthcare groups, including:
• Hospitals
• Medical offices
• Physicians’ medical groups
• Nursing and residential care facilities
• Home healthcare services
• Outpatient care centers
• Medical and diagnostic laboratories
• Health maintenance organizations (HMOs)

Healthcare-specific solutions include systems and services for:
• Electronic Health/Medical Record (EHR/EMR) handling
• HIPAA compliance strategies
• Billing, payment, and insurance claims handling
• Research and testing support
• Healthcare codes (DSM-IV, ICD-9, ICD-10, etc.) integration

NetSol’s ongoing success in the healthcare industry is another reason why the company has been able to successfully weather even the most challenging economic times. While others have perished, NetSol is anticipating to close out an incredible year.

For more information, see the company website at www.NetSolTech.com.

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From: QualityStocks6/28/2010 2:28:56 PM
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NetSol Technologies, Inc. (NTWK) to Present at RedChip’s Upcoming Midsummer New York Equities Conference

RedChip Companies, Inc. announced this afternoon that the CEOs and executive teams of 14 emerging growth companies will deliver presentations to investors during the RedChip 2010 Midsummer Elite Equities Conference on July 21, 2010 at the NASDAQ MarketSite (4 Times Square) in New York City.

RedChip investor conferences feature emerging small-cap companies that present their stories to hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors and research analysts. Pre-qualified financial professionals and investors are provided with free admission.

During this year’s mid-summer event, investors will have the opportunity to meet one-on-one with the CEOs of presenting companies representing a wide range of sectors including Biotechnology, Healthcare, Education, Oil & Gas, Basic Materials, Consumer Goods, Alternative Energy, Precious Metals Mining and more. NetSol Technologies, Inc. will be one of the featured companies.

For a full list of presenting companies, visit redchip.com.

Those unable to attend the conference in person will be able to view company presentations at redchip.com.

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From: QualityStocks7/6/2010 9:06:33 AM
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Leading Chinese Financial Leasing Company Implements NetSol Technologies, Inc. (NTWK) NFS Solution

NetSol Technologies, Inc., worldwide provider of global IT and enterprise application solutions, announced the successful implementation of its Financial Suite of financial leasing products by Minsheng Financial Leasing Co., Ltd., a leading financial leasing company in China.

The implementation includes Netsol’s CAP (Credit Application System) and CMS (Contract Management System) solutions. According to Minsheng Financial Leasing, the system’s installment, launched in July 2009, has helped normalize and standardize business processes, increase participation in the financing sphere, and tremendously improve operational efficiency.

China’s rapidly developing financial leasing industry, which grew at a rate of 138.7% in 2009, is playing an important role in the nation’s growing adoption of advanced IT solutions. An increasing number of Chinese financial institutions are showing interest in streamlining their operations by replacing their initial IT systems with flexible, integrated enterprise technology solutions. According to the press release, Minsheng Financial Leasing is NetSol’s first major banking-oriented financial leasing client in China.

Salim Ghauri, President of NetSol Technologies, stated, “This is a major breakthrough that marks an exciting new chapter in NetSol Technologies’ history. Building on the great success we have experienced providing IT solutions to the worldwide automotive industry, we are beginning to focus on developing future growth through expanding into the financial leasing sector. We anticipate that our successful collaboration with Minsheng Financial Leasing will open up new opportunities for NetSol within China’s flourishing financial leasing industry.”

“We are grateful for NetSol’s commitment to working side-by-side with Minsheng Financial Leasing to offer one of the most advanced IT systems in China’s financial leasing industry,” commented Dong Wenbiao, Chairman of China Minsheng Bank Corp. Ltd. “We hope that we can continue to build co-operation with NetSol on technology development and communication.”

Kong Linshan, President of Minsheng Financial Leasing, added, “We selected NetSol Technologies as our IT solutions provider based on their technical expertise and their ability to provide comprehensive support for multinational businesses. One year later, we couldn’t be happier with the results, and it is clear that we made the right decision. The rollout of the system is a landmark achievement for both Minsheng Financial Leasing and NetSol. Together we have developed a feature-rich core business system that displays a level of sophistication previously unseen in China’s financial leasing industry. As our business evolves along with the market, we look forward to continuing our partnership with NetSol to ensure that our system remains at the forefront of the industry.”

“We were impressed by the speed with which NetSol was able to develop and implement a custom financial solution for our business,” said Wang Rong, Vice President of Minsheng Financial Leasing. “The resulting system has boosted our competitiveness within China’s financial leasing industry by giving us the flexibility to respond easily to changing market conditions. In addition, the system’s ability to translate languages and currencies has helped us integrate effectively into the international market.”

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From: QualityStocks7/13/2010 9:59:52 AM
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NetSol Technologies, Inc. (NTWK) Builds On Vast SAP Market

It’s no secret that leading IT solutions company NetSol Technologies Inc. owes much of its success to its close relationship with mega software provider SAP. As a preeminent SAP Services Partner, NetSol works closely with SAP, and has committed itself to delivering SAP models and management solutions worldwide.

It’s a critical partnership to have since SAP is the world’s 3rd biggest independent software producer, with over 97,000 customers in 120 countries throughout the world. By helping customers realize the full potential of their SAP investment, NetSol has ensured itself a growing position within the huge and expanding business software industry.

Every one of the SAP Practice Areas that NetSol is able to enhance represents a world of door-opening opportunities which NetSol continues to tap:

• ERP – Enterprise Resource Management is the core SAP product, operating the foundational processes of an organization. NetSol helps plan new ERP module initiation, implementation, and upgrades to ensure the process goes smoothly.
• SRM – Supplier Relationship Management delivers the sourcing and procurement functions that ensure a cost effective and trusted supplier network. NetSol can leverage a customer’s SRM system to achieve sustainable savings, faster alerts and innovations, and superior tracking.
• SCM – Supply Chain Management automates much of the collaboration, planning, executing, and coordination of the entire supply network, enabling lower costs and consistent supplies. NetSol helps maximize efficiencies in areas like demand pulling, inventory management, scheduling, transportation, and forecasting.
• CRM – Customer Relations Management coordinates all interactions between a business and its customer base, including marketing, sales, service, and billing. NetSol helps lay out a CRM roadmap and strategy to ensure the optimum integration with sophisticated SAP CRM functionalities.

For all of the above areas, NetSol provides Solutions Management, Project Management, Staff Augmentation, and Training, making NetSol services and related systems an extremely attractive addition to virtually any SAP customer, a vast and growing market. In addition, NetSol offers a number of its own powerful and unique software products, independent of SAP but of special value to clients requiring a seamless integration to their SAP environment.

Taken together, it shows why NetSol is in one of the greatest positions of any company in the industry to take advantage of long-delayed business software purchases.

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From: QualityStocks7/14/2010 9:14:43 AM
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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.

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To: QualityStocks who wrote (163)7/14/2010 9:57:12 AM
From: alenor
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QS, that was a refreshing bit of news, today.
Concrete enough and indicating additional sales to existing customers should reflect in the share price.
alen

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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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From: QualityStocks7/20/2010 9:04:08 AM
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NetSol Technologies, Inc. (NTWK) Announces Upgrade Agreement with Singers Healthcare Finance Limited

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning announced that the Company has signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Limited (“SHFL”), one of the UK’s leading providers of leasing solutions to the healthcare industry.

As terms of the agreement, SHFL will upgrade to the latest version of NetSol’s LeaseSoft asset management solution. With this upgrade, SHFL will gain a large number of functionality enhancements, including specific enhancements to support SHFL’s expanding business within the healthcare equipment leasing industry.

Susan Hinton-Smith, CEO of SHFL, commented, “We have enjoyed a successful relationship with NetSol, and this upgrade agreement is made in the certain knowledge that NetSol delivers on its promises. During our time working with NetSol, we have always found them to be refreshingly open and honest. Their consultants thoroughly understand our business, and the Company’s approach has always been flexible and commercially realistic. We view NetSol as a partner, and we look forward to extending that partnership in the years ahead.”

Naeem Ghauri, CEO and Head of Global Sales for NetSol Technologies Europe, stated, “We are delighted that SHFL has decided to work with us for their system upgrade project. We are immensely proud of our customer base and the longstanding relationships we develop. SHFL’s decision is proof that, as a business, we are in tune with our customers, have deep domain expertise and provide a strong solution, service and support package. It is gratifying to win a new customer, but equally as important to know that our existing customers are happy to come back for more.”

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From: QualityStocks7/21/2010 9:25:20 AM
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NetSol Technologies, Inc. (NTWK) Subsidiary Makes Move to Acquire NetSol’s European and North American Subsidiaries

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it has received a proposal to transfer ownership of its two wholly owned subsidiaries, NetSol Technologies Europe (“NTE”) and NetSol Technologies North America, Inc. (“NTNA”), to NetSol Technologies Ltd. (“NTPK”), the Company’s majority-owned subsidiary in Pakistan.

The Pakistan subsidiary has proposed to purchase the two subsidiaries from NetSol at a premium to book value in an all-stock transaction. NetSol currently owns 58% of NTPK and 100% of both NTE and NTNA. If approved, the internal sale of both NTE and NTNA would increase NetSol’s ownership stake in NTPK from 58% to 76%. The total estimated value of both NTE and NTNA by an independent appraisal firm is approximately $20 million.

Once the transaction has been made, the subsidiaries will continue to operate in their present locations, but the reporting of NetSol’s three subsidiaries would be consolidated under one entity, NTPK. Currently, each subsidiary operates under NetSol, however, while the revenue of NTPK is reported and disclosed as part of NetSol’s gross revenues, the bottom line profitability of NetSol is reduced by the minority interest ownership in NTPK. In its current form, the transaction will increase NetSol’s ownership in NTPK, thereby reducing its minority interest. Because the increase in ownership would allow NetSol to recognize a greater portion of NTPK’s revenues and earnings as its own, the Company would expect a net accretive effect on its earnings per share.

Najeeb Ghauri, Chairman and CEO of NetSol, stated, “If approved by the NetSol board, the agreement is a win-win situation for our employees, shareholders and customers worldwide. We expect this transaction to strengthen the symbiotic relationship between our subsidiaries, resulting in increased operating efficiency. Furthermore, we expect NetSol Pakistan’s higher margins to result in improved profitability for the Company. We anticipate that this internal transaction will improve our bottom line and ultimately enhance value for our shareholders.”

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From: QualityStocks7/26/2010 9:03:35 AM
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NetSol Technologies, Inc. (NTWK) Inks Contract to Implement NFS CAP Solution with a Major U.S. Auto Manufacturer in China

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that it was awarded a major software and IT services contract valued more than $1 million with a major U.S. automotive manufacturer’s captive finance arm in China. According to the press release, NetSol will provide its Credit Application Processing solution to fully automate point of sale (POS) functions in the client’s Chinese dealer network as well as install its next-generation platform to capture all credit and client data at the point of sale to streamline and automate the entire credit application capture process.

Naeem Ghauri, President and Head of Global Sales at NetSol, stated, “This is a major win for NetSol’s China operations. Our state-of-the-art auto leasing platform has become the de facto gold standard in the Chinese IT market. This new win clearly establishes NFS as a market leader with over 90% IT market share in China’s captive auto finance sector. We expect to sign a number of new deals in the foreseeable future, as our pipeline remains strong and growing.”

China overtook the U.S. last year to become the world’s largest auto market, with more than 13 million vehicles sold during the year. Research firm J.D. Power and Associates has estimated that sales of passenger vehicles (a category that includes passenger cars, SUVs and minivans) in China will increase from 8.7 million vehicles in 2009 to 13.5 million vehicles by 2015, a 55.2% increase.

Credit Application Processing (CAP), a component of the NetSol Financial Suite (NFSTM) of products, is a web-based credit evaluation system that provides finance and leasing companies with the ability to quickly assess the merit and risk level of an applicant applying for a loan or a lease. Although the system is designed to seamlessly integrate with NetSol’s POS module, it can also be customized to link to any third-party point of sale system.

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