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Toyota Leasing Thailand Goes Live With Netsol Technologies’ LeaseSoft.PMS Product

NetSol Technologies, Inc. , a developer of proprietary software applications and provider of information technology (IT) services, today announced that it has completed installation, testing, and launch of LeaseSoft.PMS in Toyota Leasing Thailand (TLT). Under terms of the agreement, NetSol provided software licenses, customization, quality assurance, testing, and implementation of its LeaseSoft.PMS module for managing the proposal management process for Toyota Leasing Thailand leasing business.

The company also announced that in addition to being under contract to perform ongoing support and maintenance services, it is also in discussions with TLT to implement additional LeaseSoft modules.

“We are pleased to announce that LeaseSoft.PMS is implemented at TLT,” said NetSol president Salim Ghauri. “The maturation of both the LeaseSoft product suite and our technical team is evident with each new installation. We are now seeing significantly faster customization, streamlined testing, and ahead-of-schedule product launches across the board. We look forward to tracking the success and return on investment of this installation, and to working more closely in the future with Toyota Leasing Thailand.”

LeaseSoft

LeaseSoft, an end-to-end solution for the leasing and finance industry, provides four modules: Credit Application Creation (CAC), Credit Application Processing (CAP), Contract Administration & Management (CAM) and Wholesale Finance System (WFS). These modules support a variety of scenarios, including multinational companies using the local language, multiple assets, multiple distributions, multiple companies and multiple manufacturer environments. The modules are stand-alone systems used independently to address a specific area within an organization or, when used together, they create a fully automated asset-based leasing solution. All modules have fully customizable interfaces that are easily configured to integrate the “system” with enterprise systems or new applications.

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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