SOURCE: NetSol Technologies, Inc.

April 16, 2008 08:30 ET

NetSol Technologies Expands North American Senior Management Team

Management Additions in Support of Sales Growth and Business Expansion

CALABASAS, CA--(Marketwire - April 16, 2008) - NetSol Technologies Inc. ("NetSol") (NASDAQ: NTWK), a worldwide Solutions provider of global business services and enterprise software, announces the expansion of its North American senior management team in support of the Company's sales growth and business expansion in the region.

NetSol has appointed Morgan Rees to the role of Senior Vice President Marketing and Greg Brinton to the role of Senior Director of Client Solutions; both have recently assumed their respective positions within the NetSol Technologies' North America division.

Najeeb Ghauri, chairman and CEO of NetSol Technologies commented, "We are pleased to announce these key management additions to our North American team. Their roles are essential to the strategic development and expansion of our North American business as well as to the implementation and marketing of NetSol's new BestShoring™ global business services model." Mr. Ghauri further commented, "We are committed to strengthening our North America division and further penetrating this key region under the guidance of our newly expanded NetSol Technologies North America senior management team led by our Chief Operations Officer Mitch Van Wye."

Mr. Rees brings more than 20 years of international marketing, sales management as well as product management experience to NetSol and has a reputation of consistently building the business bottom line for such renowned brands as Citrix Online, Philips Electronics, Norelco, Marantz, Magnavox, Netgear, and Honeywell.

Mr. Rees will be responsible for marketing campaigns and strategies in support of NetSol's growth as a Global Solutions provider, focusing on both Products and Global Business Services, as well as directing NetSol's global marketing planning and brand presence. His experience includes 14 years as a Vice President of Marketing with three publicly traded companies, along with global marketing responsibilities as well as full profit and loss accountability. His track record reflects his ability to develop product and brand awareness accompanied by a parallel return on investment.

"I strongly believe in delivering world class services for our customers and partners at competitive pricing. Our approach begins by providing insightful perspective and professional service expertise before the sale to ensure our requirements-oriented solution is designed to fit their specific needs and budget," stated Rees. "After the sale, we strive to deliver a solution to the client in a timely manner based on the client's unique delivery, training, technical support, and service characteristics."

Mr. Brinton joins NetSol Technologies as the Senior Director of Client Solutions, bringing with him over 10 years of experience in sales management and business development. His most recent tenure has been with an IT services organization directing a team a customized software solutions team.

"These two key North American additions reinforce NetSol Technologies' commitment to driving market penetration and increased revenues from this division," stated Mitch Van Wye, Chief Operations Officer, NetSol Technologies North America. "Our international operations have grown considerably over the years, and I look forward to working closely with these and my many other colleagues to dramatically grow our North American operation as well," concluded Mr. Van Wye.

About NetSol Technologies Inc.

NetSol Technologies (NASDAQ: NTWK) is a multinational provider of global business services and enterprise solutions to the financial services industry. By utilizing its worldwide IT design, development, quality assurance (QA), BestShoring™ practices, and project management resources, NetSol delivers high-quality, cost-effective portfolio management solutions for equipment and vehicle finance, as well as global business services ranging from consulting and application development to systems integration and development outsourcing. 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 50 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, Pakistan. Click here to join the NetSol Technologies Inc. email distribution list: http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0.

To learn more about NetSol Technologies Inc, visit www.netsoltek.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
    The Global Consulting Group
    Tel: +1-646-284-9426
    Email: cchu@hfgcg.com