NetSol Technologies Joins Winshuttle's SHUTTLEpro Partner Program to Offer SAP Data Entry and Extraction Tools

EMERYVILLE, CA, Mar 24 (MARKET WIRE) --
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 a channel partnership with Winshuttle, the
leading provider of data entry and extraction tools for SAP users.
Available through NetSol Technologies, SAP clients can now enjoy the
benefits of more simplified, accurate and cost effective solutions for
business users to shuttle data between SAP and familiar Microsoft Excel
and Access formats.

Winshuttle's data loading and extraction tools for SAP users provide data
management solutions that eliminate the need for programming by an IT
department. Winshuttle's flagship product, transactionSHUTTLE, effectively
bridges the needs of business users with the governance requirements of
IT. transactionSHUTTLE transforms business processes for both
implementation and post production projects, including data import, data
quality and data integration.

"In this cost conscious environment, companies are searching for ways to
achieve the most from their systems without the overhead of complex custom
development," said Mark Pellas, Senior Vice President, SAP Consulting
Services for NetSol Technologies. "The tools offered by Winshuttle allow
companies to maximize the return on investment from their SAP software by
empowering end-users of an SAP system to extract, report, and load data
anytime, anywhere without the expense of traditional custom code and ABAP
development. During implementations and upgrades, conversion of data
constitutes a significant component of project time and cost. A tool such
as transactionSHUTTLE helps reduce data conversion time by eliminating the
need for the development of complex custom code."

In addition to being a reseller of the Winshuttle suite, NetSol
Technologies plans to incorporate the Winshuttle tools into its own set of
custom accelerators. "One of the reasons customers come to NetSol
Technologies is for our extensive range of templates and accelerators for
implementations and upgrades. These tools have allowed NetSol to quickly
and effortlessly develop a portfolio of conversion and upgrade analytic
tools providing huge cost benefit to customers in any SAP implementation,"
said Mr. Pellas.

Winshuttle's Vice President of North America Channels, Nick Petti, said,
"Our company is excited to be working with NetSol Technologies and looks
forward to the relationship. Through our partnership NetSol Technologies
can further extend the value that it can bring to SAP clients by offering
them a cutting edge technology for easy SAP data integration."

Mark Pellas, Senior Vice President, SAP Consulting Services for NetSol
Technologies and Chad Bates, Director Winshuttle SAP Solutions will be
hosting a Live Webinar on Tuesday, April 14th, 2009 at 2:00 PM Eastern
Time / 11:00 AM Pacific Time. The Webinar will cover Best Practices for
SAP Data Loading. For more information, please visit www.netsoltech.com
and see the Events hotlink on the NetSol homepage.

About Winshuttle, Inc.

Winshuttle, Inc. is the leading provider of data entry and data download
tools for SAP users worldwide. Winshuttle's products replace manual data
input and complex technical tools by easily and securely shuttling data
between Microsoft Excel or Access and SAP without programming.
Winshuttle's flagship product, transactionSHUTTLE, effectively bridges
the needs of business users with the governance requirements of IT.
transactionSHUTTLE transforms business processes for both implementation
and post production projects, including data import, data quality, and
data integration. Managing SAP data has never been simpler for the
hundreds of Global 2000 companies that rely on Winshuttle.

Headquartered in Bothell, Washington, Winshuttle has offices in the United
Kingdom, France, and India. For more information visit
http://www.winshuttle.com, email info@winshuttle.com, or call
1-800-711-9798.

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
Emeryville, California, NetSol Technologies has operations and offices in
Adelaide, Beijing, Bangkok, Lahore, and London.

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

To join the NetSol Technologies, Inc. email communications list, visit:
http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0

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 "believe," "expect,"
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Company's actual results include the progress and costs of the development
of products and services and the timing of the market acceptance.

Investor Relations:
Christopher Chu
Grayling
+1-646-284-9426
cchu@hfgcg.com

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