SOURCE: NetSol Technologies

October 10, 2005 08:30 ET

NetSol Technologies Inc. Lahore Technology Campus Unscathed by Earthquake

CALABASAS, CA -- (MARKET WIRE) -- October 10, 2005 -- NetSol Technologies, Inc. (NASDAQ: NTWK), a developer of proprietary software applications and provider of information technology (IT) services, today announced that its technology campus located in Lahore, Pakistan, is running smoothly and was unaffected by Saturday's earthquake in Northern Pakistan.

"Despite the most violent earthquake in 100 years, our facilities, employees and families in the city of Lahore were uninjured by the earthquake," commented NetSol Chairman Najeeb U. Ghauri.

"We are grateful to all of our supporters and well-wishers who have called and sent emails from all over the world in these most difficult times for the citizens of Pakistan," continued Ghauri. "We want to assure our customers and shareholders that we are running under normal operations and are continuing to provide 24/7 customer services while maintaining our implementation schedule of all projects under development. As usual we expect to meet our customers' due dates on time and on budget."

About NetSol Technologies, Inc.

NetSol Technologies is an end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective IT services ranging from consulting and application development to systems integration and outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 4 assessment. For more information, visit NetSol Technologies' web site at www.netsoltek.com.

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