Successful Relationship Attracts More Customers
Jul 17 - 23, 2000
NetSol Signs Another UK School SystemContract Increasing the Program
Calendar YTD Total to Approximately $500,000
NetSol International, Inc. (Nasdaq:NTWK - news), a global information
technology consultant and software developer, today announced that its U.K. subsidiary has
signed a (pound)200,000 deal with eight additional schools in the Swindon Borough Council,
increasing the total calendar year 2000 school system awards to (pound)300,000, or
Najeeb Ghauri, president NetSol International, stated, ``NetSol has
developed strong relationships based on the quality work NetSol has delivered on schedule.
We believe that this contract proves that our reputation has successfully attracted more
customers. As stated in our business plan, we will continue to leverage our premium
information technology consulting and project management to build an even larger, global
Building upon a three-year relationship with the U.K. school systems,
NetSol International's U.K. subsidiary, doing business as Network Solutions Ltd., has
signed a contract with eight Swindon Borough Council schools. The new contract is a total
turnkey solution incorporating cabling, hardware installation and incorporating the latest
IT technologies for schools in Swindon. Network Solutions works within the schools'
limited budgets to provide creative solutions employing state-of-the-art technology.
Network Solutions will build 300 systems to be installed within two months. In April 2000,
NetSol announced a deal to upgrade Internet and e-mail connectivity in 81 schools. To
date, over 90% of the contract has been completed. Network Solutions has developed an
educational market specialization. The company is approaching additional LEA councils
mirroring our design model for future roll-outs of similar or larger magnitude. The U.K.
education sector is comprised of nearly 33,000 primary, secondary and specialized schools.
Network Solutions has provided networking solutions to over 1,500 schools across the U.K.
On August 16, 1999 NetSol International acquired 100% of Network
Solutions Ltd. which offers high quality, comprehensive IT-related solutions to the
networking and information technology markets and has established a strong presence in the
U.K. education sector. NSL has a solid customer base, including recognized companies such
as NTL Incorporated, Holiday Inn and the Granada chain of motorway service stations, as
well as local educational authorities and the National Health Service.
About NetSol International, Inc.
NetSol is an ISO 9001 certified software developer in the global
information technology industry. Through its international team approaching 300 employees,
NetSol specializes in developing software, proprietary and asset-based leasing and finance
programs, providing IT consulting services, and creating eBusiness and Web-based solutions
for its ever-growing list of blue chip customers worldwide.
NetSol International's software development is completed in Lahore,
Pakistan at the Network Solutions (Pvt.) Ltd. Marketing and distribution of its products
and services performed by the subsidiaries NetSol (U.K.) Ltd., NetSol (U.S.A.), Inc., and
NetSol-Abraxas, Australia. NetSol International's eCommerce initiatives are being
accomplished via NetSol eR Inc. (eReady) and SuperNet AG.
NetSol's commitment to excellence has been shown through its strong and
matured quality control certifications such as the internationally recognized ISO 9001.
NetSol's product portfolio covers the whole suite of application modules that are needed
to run a captive leasing and finance operation. NetSol's proprietary products are used by
a number of leading finance and leasing companies worldwide. NetSol's clients include
Daimler Chrysler Taiwan, Mercedes Benz Financing Australia, Mercedes Benz Leasing
Thailand, CFS Group UK, St George Bank in Australia, GMAC in Australia and Debis Portfolio
Systems in the U.K. To learn more about NetSol International, please visit