Message #15 From:
Jason Date: December 1, 2007 07:21:03 PM
NetSol Technologies Announces Marketing Partnership in Greece
Partnership With Leading Greek IT Provider Strengthens NetSol Presence in European IT Services and Enterprise Solution Market
NetSol Technologies Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of IT services and enterprise software to
the financial services industry, announced the establishment of a
strategic partnership with Real Consulting Information Systems S.A., of
Athens, Greece ("Real Consulting S.A."), an IT Consulting and Integration
Services firm providing integrated solutions in the fields of ERP
Solutions, System Integration and turn-key IT solutions for the private and
public sectors in Greece and the adjacent region.
Under the terms of the completed frame agreement, Real Consulting S.A. will
partner with NetSol in introducing NetSol's IT services and enterprise
solutions into the Greek and adjacent markets. Additionally, the two
companies will collaborate on the enhancement of NetSol software offerings
to accommodate the commercial requirements of the Greek business
environment.
Naeem Ghauri, President of NetSol Technologies Europe, comments, "We are
very pleased to announce our partnership with Real Consulting S.A., the
leader in IT consulting to the Greek business community and public sector.
With this partnership, NetSol has strengthened its global footprint and,
with the help of Real Consulting S.A., will further enhance the recognition
and competitiveness of our software offerings in the European market."
"We are accustomed to partnering only with world-class providers; the
addition of NetSol is a valued partnership to the Real Consulting
technology team," commented Real Consulting CEO Prodromos Mavridis. "For
us, this new partnership with NetSol Technologies will significantly deepen
the resource base we can offer to our customers throughout the Greek and
adjacent markets."
Prodromos Mavridis further commented, "Having a world-class CMMI Level-5
partner in NetSol gives us a major competitive advantage as an IT services
provider. Additionally, NetSol's deep experience as a provider to the pubic
sector offers a perfect fit for our business model."
About Real Consulting Information Systems S.A.
Real Consulting Information Systems S.A., (a.k.a. Real Consulting S.A.) is
an IT Consulting and Integration Services firm with a strong presence in
the areas of telecommunications, professional services, manufacturing,
financial services, consumer products, retail, and health, as well as in
the Greek public sector. Real Consulting S.A. provides services that meet
the needs of businesses and organizations in the local market and abroad.
Real Consulting S.A. was established in 2001 in Athens, Greece. The company
is a Value Added Reseller of SAP Hellas S.A. and has implemented
significant SAP projects in the local market and abroad. In addition, the
company is a Microsoft Certified Business Solutions Gold Partner with a
long experience in implementing Microsoft Dynamics Nav solutions. Real
Consulting S.A. is the first Greek Microsoft partner to be awarded the
President's Club Award EMEA in recognition of its growth and volume sales
of Business Solutions.
Real Consulting S.A. extends its business activities through the
Nicosia-based Real Consulting Ltd. that provides related services in the
Cypriot market. Focusing on further expansion abroad, the company
participates in the operation of consulting firms in Germany (Real
Consulting GmbH) and Romania (Real Consulting S.R.L.).
NetSol Technologies (NASDAQ: NTWK) is a multinational provider of IT
services and enterprise solutions to the financial services industry. By
utilizing its worldwide IT design, development, quality assurance (QA), and
project management resources, NetSol delivers high-quality, cost-effective
portfolio management solutions for equipment and vehicle finance, as well
as IT services ranging from consulting and application development to
systems integration and development outsourcing. NetSol's commitment to
quality is demonstrated by its achievement of both the ISO 9001 and SEI
(Software Engineering Institute) CMMi (Capability Maturity Model) Level 5
assessments, a distinction shared by fewer than 100 companies worldwide.
NetSol Technologies' clients include Fortune 50 manufacturers, global
automakers, financial institutions, technology providers, and governmental
agencies. Headquartered in Calabasas, California, NetSol Technologies has
operations and/or offices in London, San Francisco, Adelaide, Beijing,
Bangkok and Lahore, Pakistan.
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:
NetSol Technologies, Inc.
Tina Gilger
Chief Financial Officer
Tel: +1 818-222-9195, x112
Investor Relations
Christopher Chu
The Global Consulting Group
Tel: +1-646-284-9426
Email: cchu@hfgcg.com