CALABASAS, Calif., Nov. 07, 2016 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq:NTWK), a global business services and
enterprise application solutions provider to the Asset Finance and Leasing industry, today announced that its next generation
flagship solution, NFS AscentTM, has gone live for the New Zealand finance & leasing arm of a prominent German Auto
Manufacturing corporation. New Zealand is amongst the first countries where the client’s auto captive operations will benefit from
NETSOL’s cutting edge end-to-end finance and leasing solution, NFS AscentTM.
This implementation is part of a larger contract that was signed on December 21, 2015. The contract includes implementations,
license, maintenance, services and expected customization fees for the platform across 12 countries.
Najeeb Ghauri, Founder, Chairman & CEO of NETSOL, stated, “Teams on both sides worked determinedly and diligently to complete
this implementation in such a short timeline. This level of efficiency was only possible due to the understanding fostered between
our two companies over the past two decades. It gives me great pleasure to see that we are continually providing faultless service
to one of our first business partners and the high level of synergy that has developed between the two parties over the years.”
Ghauri added, “We have spared no resource and have dedicated teams for this significant project, which is what has enabled us to
deliver this successful roll-out and exceed all expectations for implementation timelines.”
About NETSOL Technologies
NETSOL Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider of IT and enterprise software solutions
primarily serving the global leasing and financing industry. The Company’s suite of applications are backed by 40 years of domain
expertise and supported by a committed team of 1,500+ professionals placed in eight strategically located support and delivery
centers throughout the world. NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM – help companies
transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete
leasing and finance lifecycle.
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 “expects,” “anticipates,” variations of such words, and
similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, 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. The subject Companies expressly disclaim any obligation or undertaking to update or revise any
forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in
events, conditions or circumstances upon which any statement is based.
Investor Contact
ICR
William Maina
(646) 277-1236
investors@netsoltech.com