NetSol Technologies, Inc. Signs Contract With Positive Coaching Alliance

NetSol Technologies, Inc. , a developer of proprietary software applications and provider of information technology services, today announced it has signed a contract to develop an online coaching education course and interactive database for the Positive Coaching Alliance (PCA), a non-profit organization focused on transforming the culture of youth sports.

"We are pleased to announce this new contract with PCA," said Emaad Burki, Senior Vice President of NetSol USA. "We strongly believe in PCA's vision of using youth sports to build character and instill values, and are looking forward to developing a world-class online community for youth sports enthusiasts."

PCA has contracted NetSol to design, develop, and launch PCA's "Double-Goal" Online Course Development and Online Coach's Database. The project scope includes: back-end systems integration with PCA's eCommerce database and third-party merchant systems to provide online registration, payment, an online version of PCA's trainer-led workshop; an interactive Learning Management System; a Coaches' Database, and an online community bulletin board. The site is scheduled for launch late in the fourth quarter of 2004.

About Positive Coaching Alliance

Positive Coaching Alliance (PCA) provides live, research-based training workshops and practical tools for coaches, parents and leaders who operate youth sports programs to get them on the same page about what it means to "Honor the Game." PCA educates adults who shape the youth sports experience by offering partnership programs with YSO's, schools, cities and national sports governing bodies. PCA also provides corporations with the opportunity to offer sports parent workshops to their employees. Since 1998, PCA has conducted more than 1,500 workshops for 60,000 coaches, parents and leaders that have helped create a positive sports environment for more than 600,000 young athletes. Our partnership network includes more than 300 youth sports organizations (YSO's), cities and schools. Our National Advisory Board is comprised of luminaries from the worlds of academia, business and sports, including Detroit Pistons Head Coach Larry Brown, former senator Bill Bradley, NFL Hall of Fame Member Ronnie Lott, Olympic Gold Medalist in Swimming Summer Sanders, University of North Carolina Men's Basketball Retired Head Coach Dean Smith, Cy Young winner Barry Zito, and New York Jets Head Coach Herm Edwards. PCA training materials are designed using successful child development techniques, insights from sport psychology and proven leadership principles. For more information, visit www.positivecoach.org.

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 has been delivering high-quality, cost-effective IT services ranging from consulting and application development to systems integration and outsourcing for years. NetSol's commitment to quality is demonstrated by its achieving both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 3 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, assumption or future events or performance, are not statements of historical fact and may be "forward-looking statements". 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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