CALABASAS, Calif., May 14, 2017 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK) (“NETSOL” or the
“Company”), a leading global provider of enterprise application solutions and business services to the finance and leasing
industry, today announced that it has postponed its fiscal 2017 third quarter earnings announcement and conference call originally
scheduled for Monday, May 15, 2017. The Company now plans to report its fiscal 2017 third quarter results on Monday, May 22,
2017. NETSOL's delay in announcing its results is due to the additional time the Company’s new Independent Auditor needs to
finalize its review of the Company’s fiscal third quarter and nine months ended March 31, 2017 financial results. The Company does
not anticipate this delay will lead to any adverse change in its financial results. NETSOL will issue a press release with the full
details of the new earnings call date as soon as possible.
NETSOL’s quarterly report on Form 10-Q for its fiscal third quarter ended March 31, 2017 will also not be timely filed, and the
Company plans to file with the Securities and Exchange Commission (the “SEC”) a notification of late filing on Form 10b-25.
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 more than 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.
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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.
Contact:
William Maina
ICR
investors@netsoltech.com
(646) 277-1236