Science & Technology 
Science and Technology
Science and Technology 
Tue, July 28, 2009
Mon, July 27, 2009
NetSol Technologies, Inc.: Minsheng Financial Leasing Co., Ltd -- PRC Signs License and Services Contract With NetSol Technolog
EMERYVILLE, CA--(Marketwire - July 27, 2009) - NetSol Technologies, Inc. "NetSol" (
Executive Vice President of Minsheng Financial Leasing Co., Ltd, stated, "After careful evaluation of leading global IT services vendors providing software in the finance and leasing space, we selected NetSol based on their impressive product strength and presence in the Chinese market. As we embark on this long-term partnership, MSFL is advancing its objective of becoming the largest finance and leasing company in China. NetSol's Financial Suite of products stands as a critical supporting factor in reaching this goal."
CMBC is the first national joint-stock commercial bank primarily held by non-public-owned enterprises, also a standard joint-stock financial enterprise founded strictly according to the Company Law and the Commercial Bank Law. CMBC has been seeing rapid development and realized the importance of a comprehensive leasing system which is vital for the company's business development, risk management and internal management.
After extensive study, research and preparation, MSFL selected four renowned software technology companies to participate in bidding for the project. Several IT experts and companies were invited as part of the project supervision and consultation. Following this extensive and thorough evaluation, NetSol was selected as the vendor of choice for the project based on comprehensive evaluation analysis, feedback and level of expertise. With the deployment of the NFS Retail Solution, comprising of the CAP and CMS applications, MSFL will have stable and rapid development of its operations. These new financial IT systems will standardize MSFL leasing business processes with internal control mechanisms to manage operational risks as well as protect the efficiency and accuracy of decision making.
Commenting on the occasion, Mr. Naeem Ghauri, President and Head of Global Sales, NetSol Technologies Inc., stated, "We are delighted to sign this new agreement with MSFL which adds another prestigious name to our long-term client list. This implementation will strengthen Minsheng's ability to better serve its customers in the rapidly growing Chinese leasing and finance market. Overall, we continue to enhance NetSol's reputation as a leading IT solutions provider for the provisioning of complex, high performance leasing and finance offerings."
To learn more about Minsheng Financial Leasing Co., Ltd, visit [ http://www.msfl.com.cn ].
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (
To learn more about NetSol Technologies, Inc., visit [ www.netsoltech.com ]
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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.