NetSol Technologies Signs New European Contract to Implement Wholesale Finance System for a Netherlands-Based Finance

EMERYVILLE, CA, Jul 06 (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 that a Netherlands-based company, focused on
the wholesale commercial finance sector, has selected NetSol's Wholesale
Finance System offering, within the NetSol Financial Suite (NFS), for
their Channel Finance business in Europe.

Naeem Ghauri, President and Head of Global Sales for NetSol Technologies
Inc., commented, "We are delighted to announce this new European client
win for our Wholesale Finance System suite. By working in close
partnership with our new client we will deliver robust wholesale finance
system capabilities to handle many different types of assets, as well as
combining our invoice financing functionality into a single, fully
integrated, solution. Europe is a market with huge potential for channel
finance and NetSol's multi-asset, multi-lingual, and multi-party system
is uniquely designed to help our client realize exceptional results in a
highly flexible environment."

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, Bangkok, Beijing, Lahore, London, and San Pedro Sula.

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

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, 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.

Contacts:
Investor Relations
Christopher Chu
Grayling
Tel: +1-646-284-9426
Email: christopher.chu@us.grayling.com

Copyright 2009, Market Wire, All rights reserved.

-0-