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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)
NTWK 4.090-1.0%3:57 PM EST

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To: T A P who wrote ()6/1/1999 11:57:00 AM
From: T A P  Read Replies (1) of 181
 
Mirage Holdings, Inc. to Change Its Name to Netsol International, Inc.Effective Immediately

SANTA MONICA, Calif., May 27 /PRNewswire/ -- Mirage Holdings, Inc.
(OTC Bulletin Board: MGHI) ("Mirage") today announced that it has amended its
articles of incorporation to change its name to Netsol International, Inc.
Accordingly, Mirage's current symbol 'MGHI' has been replaced with 'NTWK'
effective immediately. Netsol International, Inc. ("Netsol") is incorporated
in Nevada. The reason for the name change is the Company's recent acquisition
of Network Solution (Pvt.) Ltd. and Netsol UK, Ltd. Netsol will be the parent
company of Network Solutions (Pvt.) Ltd., Netsol UK, Ltd. and Netsol USA, Inc.

The President of Netsol Mr. Najeeb Ghauri, commented on this change, "This
is a milestone development for Netsol as the name change directly relates to
and reflects the type of industry we are in. The name change provides a
worldwide recognition in the 'Information Technology industry.'" He further
added, "This development also reinforces our commitment and ability, to
continue to make changes in the business in a very strategic manner, that is
consistent with our plans to continue to grow this company internationally."

Mr. Salim Ghauri, President and CEO of Network Solutions (Pvt.) Ltd. is
now the Chief Executive Officer of Netsol while Mr. Najeeb Ghauri is the
President.

Included in this material are "forward-looking statements" within the
meaning of Section 27 A of the Securities Act of 1933, 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 our Investor Relations Web Site:
www.mghi.com or www.netsolpk.com. These web sites are being reconstructed.

Or Contact: Netsol International, Inc., 310-395-3073,
email: najeeb@mghi.com

SOURCE Mirage Holdings, Inc.

CO: Mirage Holdings, Inc.; Netsol International, Inc.; Network Solutions
(Pvt.) Ltd.; Netsol UK, Ltd.; Netsol USA, Inc.

ST: California, Nevada
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