Scottsdale, Arizona 10/23/2008 12:13:20 AM
News / Finance

NetSol Technologies, Inc. (NTWK) Achieves Fifth Successful Software Launch In Australia

www.QualityStocks.Net would like to highlight NetSol Technologies, In. (NASDAQ: NTWK). The company is a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide. NetSol uses its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions.

 

In the company’s news yesterday,

 

NetSol Technologies, Inc. announced the successful launch of Nissan Financial Services Australia’s (NFSA) business operations using NetSol’s package of leasing and finance applications. The implemented product package included NetSol Financial Suite, Credit Application Processing System, Contract Management System, and Wholesale Finance System.

 

NFSA’s Executive Director, George Leondis, stated “We are very pleased with the sustained commitment of the NetSol team, the dedicated on-site resources, and how they understood the importance of streamlining the business process to suit the fast paced Australian auto finance market. Nissan Australia sees NetSol as a true partner in our finance business.”

 

Najeeb Ghauri, NetSol Chairman and CEO, emphasized Nissan’s high opinion of the products. “Nissan did a very thorough due diligence before choosing our suite of solutions and I am proud to say that we have met Nissan’s expectations in terms of rich functionality, timeline to implementation and total quality.”

 

NetSol offers a premium suite of asset-based leasing software for customers that provide financing services in the automotive, real estate, and general consumer loan markets. The company also sells portfolio management systems for the financial services industry, and consulting, custom development, systems integration, and technical services, for the global healthcare, insurance, real estate, and technology markets. It is one of only 100 companies worldwide to achieve ISO 9001, ISO 279001, and SEI (Software Engineering Institute) CMMI Level 5 assessments.

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.