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


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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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From: QualityStocks6/15/2010 9:52:45 AM
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NetSol Technologies, Inc. (NTWK) Announces Contract with Sany Corp. of China for Implementation of NFS Solution

Today, NetSol Technologies, Inc. announced that Sany Corp. of China, the largest concrete equipment manufacturer in the world, signed a contract of notable value to install NetSol’s Financial Suite (“NFS”) solution to run its newly formed finance company. The complete NFS suite, including Credit Application Processing (CAP), Contract Management System (CMS) and Wholesale Finance System (WFS), is to be deployed across Sany’s vast dealer network as well as its business back office centers across China.

The largest concrete machinery manufacturer in the world, Sany is one of the Global Top 50 Construction Machinery Manufacturers and one of China’s Top 500 Enterprises. The company has been honored as the most profitable and competitive enterprise in the engineering machinery industry, Top Chinese Enterprise by Forbes, Brand with the Highest Growth Momentum in China, Symbolic Brand in Chinese Engineering Machinery Industry and one of the Top 500 Brands in Asia.

Sany Heavy Industry Co., Ltd, a core subsidiary of Sany Group, which got listed on the Shanghai Stock Exchange on July 3, 2007, was the first Chinese enterprise to successfully realize the non-tradable shares reform and to put its shares into full circulation.

Naeem Ghauri, head of Global Sales and President of NetSol Technologies, Inc. for Europe, stated, “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.”

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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
   of 181
 
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
   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.

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To: QualityStocks who wrote (163)7/14/2010 9:57:12 AM
From: alenor
   of 181
 
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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