NTWK NEWS!!
NetSol USA & 1st Net Technologies Launch Netsolmall.com to Meet Increasing Demand for Y2K Remedies; Web Site Created to Accommodate Expected 11th Hour Rush
SANTA MONICA, Calif.--(BUSINESS WIRE)--Aug. 25, 1999--NetSol International Inc., (OTC BB:NTWK) through its subsidiary NetSol USA Inc. and in partnership with San Diego-based 1st Net Technologies Inc. (OTC BB:FNTT), Wednesday announced the launch of an e-commerce Web site for niche software, www.netsolmall.com.
This will be the first major e-commerce initiative deployed by NetSol.
The Web site, www.netsolmall.com, was developed out of a perceived need in the marketplace for business-critical PC software solutions that require elements of training, technical support and simplified product delivery.
The market has substantiated that traditional large volume software suppliers are not addressing an integrated approach of this kind as the NetSol Y2K solution will.
The launch of www.netsolmall.com is targeted toward small office/home office users (SOHO market) and provides them with free information, analysis and diagnosis, in addition to demonstrations of how to expedite the effective resolution of Y2K problems.
It is widely acknowledged by most governments, technical and oversight bodies that this sector of the marketplace is still largely unsupported when it comes to tackling Y2K issues, even this close to the new millennium. NetSol brings established methodologies, proven expertise and practices widely adopted by large corporations globally to address Y2K issues.
"The launch of the Centennial 2000 Pro-Lite Y2K product provides a complete integrated solution to address all aspects of PC hardware and software," said Des Desai, project director for NetSol UK Ltd, a related company to NetSol USA.
"Most importantly, our solution addresses data that is recognized as best practice due diligence by year 2000 organizations worldwide. Our objective is to provide visitors to the site with all the tools they need to insure Y2K compliance. Within minutes, one can download the software and begin addressing the key Y2K issues," added Desai.
NetSol intends to provide local servers in Europe and Asia to assist as many users as possible. Over the next few months, www.netsolmall.com will be extending its portfolio of products to remedy issues of global concern such as those relating to the Euro or Internet-based products.
"We are very excited about the launch of this site," said Cliff Smith, president of 1st Net Technologies. "This unique Y2K solution along with future NetSol and 1st Net products represent tremendous opportunities for both companies and are the first of many innovative and timely solutions."
More information on NetSol is available in the Investor Relations section of the NetSol International Web site at www.netsol-intl.com and at 1st Net's Web site, www.1stnettech.com.
About NetSol International
NetSol International is the new name of Mirage Holdings Inc. Mirage was incorporated in Nevada and has headquarters in Santa Monica. NetSol International is the parent company of Network Solutions (Pvt.) Ltd., NetSol UK Ltd. and NetSol USA Inc.
NetSol is an information technology company with offices in the United States, United Kingdom and Pakistan. NetSol became the first software developer in Pakistan to qualify for ISO 9001 certification. The company has developed its own software systems targeted at the lease and finance industry.
NetSol has developed an offshore business model, which offers cost efficiencies, core operating competencies and strong business relationships with blue chip customers worldwide. NetSol has a full-fledged research and development facility in Lahore, Pakistan, which employs nearly 100 programmers, developers and engineers.
About 1st Net Technologies
1st Net Technologies is a diversified Internet design, creation, and hosting company specializing in online investor relations programs, IP telephony, database capture and information management software, and server-based community browsers using proprietary content-based routing and delivery systems to send specific content to various affinity groups.
The company owns and operates several financial investment portals and a financial online community Web site. 1st Net is publicly traded and located on the Web at www.1stnettech.com.
News releases and other information on 1st Net Technologies can be accessed at www.1stnettech.com on the Internet.
Safe Harbor Statement
The foregoing news release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
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CONTACT:
NetSol International Inc., Santa Monica
Najeeb Ghauri, 310/395-4073
E-mail: najeeb@netsol-intl.com
Web site: www.netsol-intl.com
or
Market Pathways
Shannon T. Squyres, 949/955-1860
T A P has received 30K shares of NTWK (formerly MGHI) from Clearweather Investments Ltd. for services provided for a period of 6 months For a complete write-up on NTWK and other Turn Around Picks go to T A P profile for url. |
