NETSOL'S SUCCESSFUL RELATIONSHIP ATTRACT 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 approximately $500,000.

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 client base.''

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 www.netsol-intl.com.