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NetSol Technologies, Inc. Message Board

  • netsollossesahead netsollossesahead Oct 25, 2011 10:11 AM Flag

    FILING: PRODUCTS NOT SELLING/GENERATING REVENUES

    PAGE 13 OF FILING:

    Successful development of our products is uncertain. To date, no significant revenues have been generated from the commercial sale of our newest products and our products may not generate revenues in the future.

    Our development of new versions of our existing software and the development of our cloud computing offerings are subject to the risks of failure inherent in the development of products based on new technologies. These risks include:

    - delays in product development, beta testing or implementation;

    - unplanned expenditures in product development;

    - significant defects or errors in initial implementations;

    - emergence of superior or equivalent products;

    - inability to market products due to third party proprietary rights; and

    - failure to achieve market acceptance.

    Because of these risks, our research and development efforts or those of our partners may not result in any commercially viable products. If significant portions of these development efforts are not successfully completed, required regulatory approvals are not obtained, or any approved products are not commercially successful, our business, financial condition, and results of operations may be materially harmed.

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