SOURCE: NetSol Technologies

August 05, 2008 08:30 ET

Mercedes-Benz Financial Services Taiwan Goes Live With NetSol Technologies' LeaseSoft Solution

Mercedes-Benz Financial Services Taiwan Complete Retail Leasing Management System Running on LeaseSoft Solutions

CALABASAS, CA--(Marketwire - August 5, 2008) - NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, today announced Mercedes-Benz Financial Services Taiwan (MBFSTw) has gone live with NetSol's LeaseSoft Contract Management System (CMS), a key product offering within the NetSol Financial Suite (NFS) of products. MBFSTw is currently using NetSol's Proposal Management System (PMS), another LeaseSoft core application. In using both PMS and CMS modules, MBFSTw's complete retail leasing management system is now run on LeaseSoft solutions.

Commenting on the occasion, Mr. Salim Ghauri, President Asia Pacific Region, stated, "This is a great achievement, as this announcement reaffirms LeaseSoft's position as the product of choice for asset-based leasing software to the automotive sector in the Asia Pacific region. We are proud to extend our relationship with Mercedes as a valuable long time customer. NetSol currently has implemented LeaseSoft at eight Mercedes sites in the Asia Pacific region and we look forward to the opportunity to continue to add value to Mercedes in other regions."

NetSol's LeaseSoft solution is a premium suite of asset-based leasing software that improves business processes by providing fast and convenient solutions capable of dealing with multi-asset and multi-lingual environments. LeaseSoft solutions are available for customers in motor finance, asset finance, consumer finance, real estate finance and loan finance.

About NetSol Technologies, Inc.

NetSol Technologies (NASDAQ: NTWK) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. NetSol uses its BestShoring™ practices and highly-experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Organized into specialized practices, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 279001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in London, San Francisco, Sydney, Beijing, Bangkok, and Lahore. To join the NetSol Technologies, Inc. email distribution list please visit: http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0.

To learn more about NetSol Technologies, Inc., visit www.netsoltech.com

Forward-Looking Statements

This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.

Contact Information

  • Contacts:

    NetSol Technologies, Inc.
    Tina Gilger
    Chief Financial Officer
    Tel: +1 818-222-9195, x112

    Investor Relations
    Christopher Chu
    Grayling Global
    Tel: +1-646-284-9426
    Email: cchu@hfgcg.com