NetSol Technologies to Participate in Presidential Summit on Entrepreneurship

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CALABASAS, Calif., April 26, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol") (Nasdaq:NTWK) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced they will participate in an international entrepreneurship gathering today in Washington, D.C. The two-day conference, "A New Beginning: The Presidential Summit on Entrepreneurship," will be hosted by President Barack Obama and will be held April 26-27th at the Ronald Reagan Building.

Salim Ghauri, CEO of NetSol Technologies, Ltd. (Pakistan), a subsidiary of NetSol, is one of the five Pakistan-based CEOs to be invited to this summit and the only IT company being represented in this very prestigious summit. The summit will be attended by 275 entrepreneurs from 50 countries, mostly those with predominantly Muslim populations.

Ghauri commented: "We are honored to be selected to participate in this economic summit, which is an important step in identifying ways to establish and develop partnerships between business leaders, foundations, and entrepreneurs in the United States and Muslim communities around the world. This is an exciting opportunity for the company."

For additional information on the Presidential Summit, visit www.entrepreneurship.gov/summit.

About NetSol Technologies, Inc.

NetSol Technologies, Inc. (Nasdaq:NTWK) (Nasdaq Dubai:NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Healthcare, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.

To learn more about NetSol, visit www.netsoltech.com.

NetSol Technologies, Inc. Forward-looking Statement

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 "believe," "expect," "anticipate," "intend," 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. 

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Released April 26, 2010