Company’s Business Model Used as Case Study for Software Industry Business Strategies
[ClickPress, Wed Mar 02 2005] Calabasas, CA – March 2, 2005 – NetSol Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary software applications and provider of information technology (IT) services, today announced it was featured on the E-Commerce Times News Network (ECTN) as part of an ongoing case study analysis for successful software business models. The complete story can be found at www.ecommercetimes.com.
“We are pleased to be featured on one of the largest e-business and technology news sites in the United States,” said NetSol president Salim Ghauri. “NetSol established a proven business model by successfully penetrating the automobile leasing software industry with our flagship LeaseSoft™ suite, and plan to leverage this expertise as we aggressively pursue the banking industry with our new inBanking™ product line. We are honored to share our learnings with ECTN’s targeted audience of enterprise software buyers and decision-makers.”
The article, entitled “Choosing a Software Business Model: The NetSol Case Study,” adopts a case study approach for examining the three principal business models used by global software firms. The case study includes overviews of NetSol’s newest “bank in a box” enterprise suite, inBanking, its flagship product, LeaseSoft, and its broad range of service and support offerings. Additionally, the author discusses how business models such as that of NetSol best position companies for long term success.
In future columns, the NetSol case study will be used to explore market strategies for software product firms, issues of capitalization, and the challenge of gaining domain expertise in targeted verticals.
About ECT News Network
ECT News Network is a privately-held media company, based in Los Angeles, CA. ECT News Network produces, The E-Commerce Times®, TechNewsWorld™, LinuxInsider™, CRM Buyer™ and MacNewsWorld™. For additional information about ECT News Network and its publications, please visit www.ECTNEWS.com
About NetSol Technologies, Inc.
NetSol Technologies is a leading end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective IT services ranging from consulting and application development to systems integration and outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 4 assessment. For more information, visit NetSol Technologies' web site at www.netsoltek.com.
Securities Exchange Act of 1934
This release is comprised of inter-related information that must be interpreted in the context of all the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance, are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Such statements reflect the current views of NetSol Technologies with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. NetSol Technologies does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
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