NTWK GOING TO NASDAQ !!
NetSol International, Inc. Files for Nasdaq Small Cap Listing
SANTA MONICA, Calif., July 29 /PRNewswire/ -- NetSol International, Inc. (OTC Bulletin Board: NTWK) ("NetSol") today announced that it has filed with Nasdaq for its Small Cap listing. NetSol (formerly Mirage Holdings, Inc.) became a public company by completing a successful initial public offering in September 1998. The company has been trading over the counter on the bulletin board since the initial offering.
NetSol International Inc. is an Information Technology "IT" company with its headquarters based in Santa Monica, California. The company specializes in lease and finance software products, offshore solutions development, consulting, networking engineering services and is now entering the E-commerce sector.
Over the last 3 years, NetSol has been awarded many projects from blue chip customers worldwide. Major customers include Daimler-Chrysler's lease and finance subsidiaries in the Far East and Europe, ICI of the U.K., ICOM of France, Fuzzy! Informatique of Germany as well as U.S. based 1st Net Technologies, Inc.
In addition to the large number of primary and secondary schools in the United Kingdom for which NetSol is currently installing local area networks, the company will also be expanding into the U.S. education market.
Mr. Najeeb Ghauri, President and CFO of NetSol International, Inc. commented, "This is a landmark development for an emerging company that has grown tremendously over the last three years. We believe that our application to the Nasdaq Stock Exchange will help us elevate our listing status to more accurately reflect our corporate success."
Included in this material are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements would have proved to be correct.
For further information, please visit the Company's Investor relations Web Site: www.netsol-intl.com. Or Contact: Ms. Aiesha Ghauri of NetSol International, Inc., 310-395-4073, aieshag@netsol-intl.com.
SOURCE NetSol International, Inc.
CO: NetSol International, Inc.
ST: California
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