NTWK added to the Russell Microcap!!!!
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.
Netsol Signs Agreement With Major European Auto Manufacturer To Implement Financial Suite Solution In Malaysia
Agreement Further Strengthens NetSol's Presence in Fast-Growing Market
CALABASAS, CA - January 4, 2012 - NetSol Technologies, Inc. (NASDAQ: NTWK), a worldwide provider of global IT and enterprise application solutions, today announced it has signed an agreement to implement the complete NetSol Financial Suite (NFS)™ solution, including its Wholesale and Retail platforms, for a large European auto manufacturer that will provide auto-financing services throughout Malaysia.
Total value of the agreement is to exceed $2 million, which includes product licenses, business processes consulting and on-site implementation services.
"Signing an NFS agreement with a Fortune 500 company in one of the fastest growing economies in the Asia-Pacific region further solidifies our presence in this important market," said Najeeb Ghauri, chairman and CEO of NetSol. "This agreement aligns perfectly with our goal to distinguish NetSol as a leading provider of asset and financing solutions in regions experiencing economic growth."
NetSol has more than 150 successful implementations of its NFS product around the world, in countries including Australia, Belgium, China, India, Ireland, Japan, Korea, Saudi Arabia, Singapore, Taiwan and Thailand.
In the last decade, the number of new passenger and commercial vehicles produced and registered in Malaysia has nearly doubled, according to the Malaysian Automotive Association. More than 600,000 passenger and commercial vehicles were produced and registered in Malaysia in 2010.
Netsol Technologies Inc. (NTWK), a provider of enterprise software and IT services for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide, in which New York-based small and midcap-focused hedge fund Newland Capital Management, with $854 million in 13-F assets, filed SEC Form SC 13G indicating that it holds 3.7 million or 5.1% of outstanding shares, an increase from the 2.4 million shares it held at the end of Q4.
ITS STARTS TO BE A JOKE OR IT IS A JOKE!!!! They talking like sky is the LIMIT....BUT WHERE ARE THE $$$$ CONTRACTS....Almost FED UP WITH THIS COMPANY...One time is was thinking this is a GEM but after almost 10 years...I FEEL DUPED by PAKIS....Damnnnn.....
We are saying this a very very long time now....Something HUGE is going on.....but NOTHING HAPPENS.... i want some boom boom action in the very near future!!! ;-)
A multi $ contract is more than welcome right now....
Much paid pumping @ Redchip!!!! A Strong Buy and a $3 target!!!!
PS: And still waiting...
Brazil!!!! We all forget about this JV???!!!!.....
The Brasilinvest has partnered with the American company, NetSol Technologies, currently listed on the Nasdaq market in Brazil for software leasing and financing, and other systems for different sectors of the economy. The company will start its activities in Brazil in January 2012 in the first year and will invest U.S. $ 750,000.000, with the expectation of obtaining first contracts from March 2012.
by Greg Pugh on March 7, 2013
in Growth Stocks
NetSol Technologies, Inc. (Nasdaq: NTWK) is a microcap stock specializing in information technology. Although little known, this company has been on a tear and it still faces significant, long-term growth potential.
NetSol is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global financial, Leasing, insurance, energy, and technology markets.
The company has an extensive global presence with offices in San Francisco, London, Bangkok, Beijing and Lahore. NetSol’s joint ventures and strategic partnerships include names such as Oracle Corp. (Nasdaq: ORCL), IBM (NYSE: IBM), Microsoft Corp (Nasdaq: MSFT) and SAP AG (NYSE: SAP).
NetSol recently completed a software implementation with Beijing Hyundai Auto Finance, a joint venture between Hyundai Motor Group (Korea: 005380) and Beijing Automotive Industry Group.
Hyundai Motor Group, the world’s fifth largest carmaker by sales, aims to provide auto loans for Hyundai and Kia Motors Corp (Korea: 000270) customers in China through this joint venture. In addition, it was just last summer that Mercedes-Benz Financial Group gained approval to offer its own leasing solutions to private and commercial customers in China.
Sentiment: Strong Buy
My dear friends and colleagues,
Fifteen years have passed since NetSol Technologies, Inc. began operations in a small office in Santa Monica, California. Today, I am happy to report that NetSol is in its most financially sound and stable position ever, operating from seven offices worldwide, with headquarters in Calabasas, California, a suburb of Los Angeles. Our progress is a tribute to a dedicated team of managers and employees throughout the Company, including all of subsidiaries. Thank you!
In 2011 and 2012 we strengthened our global delivery capabilities and made significant changes in the sales organization both at the senior and middle management levels. Strategic changes have strengthened our business tremendously, as demand for our core NFS™ solution has never been so robust, and we have implemented NFS™ with prestigious customers and global brands, including Daimler Benz.
Our engine for delivery and growth in Pakistan is super-charged with constant new hiring to meet growing demand for both NFS™ and Resolve—from a 300 square-foot office with two employees in Santa Monica in 1997 to now many offices in US, UK, China, Thailand, Pakistan, Saudi Arabia and Australia, with close to 1,000 employees worldwide. In the Americas, we have been able to reach more customers than ever throughout the U.S. market with our smartOCI® platform, as well as with our NFS™ software services for the first time in more than ten years!
The world’s economic position has been quite unstable this past year, with the European economic crisis and the continued uncertainty in the United States with regard to the so-called “fiscal cliff.” Thanks to each of you, we have managed to weather through these challenges, staying focused on our strategy and concentrating on satisfying our customers, as well as reaching new global markets. Though we have always prioritized using our income to continue to develop various projects within NetSol, we are also aware more than ever how important it is for an organization to support its communities to promote our core corporate values. Throughout the years, we have supported many United Nations’ projects, including natural disasters as far away as Pakistan, as well as supporting causes close to our hearts in New York and New Jersey. We continue to provide support to our own NetSol community, having established and funded Literacy, Day Care and Health Care programs for employees who don’t have easy access to these services. It is during hard times, as well as every day, that we should reach out to one another as we are all brothers and sisters, and lend a helping hand whenever we can.
As the final moments of 2012 pass us and I reflect on the past year, I can’t help but be excited for what is yet to come in 2013. I know continued greatness will be achieved by our Company and all of our staff. I thank each and every one of you for your hard work, dedication and most of all, belief in NetSol. Together, we will achieve more great things in the years ahead.
Happy Holidays and a healthy New Year to all! I wish all the best, most importantly, good health, for each of you and your families in 2013.
Chairman and Chief Executive Office – December 24, 2012