NTWK OTC BB Netsol International Inc (Formerly MGHI) Message Board

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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)

NTWK 4.350

+0.7%

Oct 31 9:30 AM EDT

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From: QualityStocks	5/27/2010 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.” Please see disclaimer on our profile

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