NetSol Technologies
LeaseSoft Product Provides Fully Integrated Service Solution
For Cathedral Hygiene
Calabasas, CA: NetSol Technologies, Inc.
(NASDAQ:NTWK), a developer of proprietary software applications
and provider of information technology (IT) services, announced
the successful implementation of its LeaseSoft product for
the management of Cathedral Hygiene's finance rental agreements
and to provide the company's equipment service operations
with a fully integrated service solution. The LeaseSoft
products are priced from $300,000 to $1 million per module.
The service module added to LeaseSoft provides functionality
to manage teams of service engineers, including the allocation
of tasks, time management and distribution of job sheets
via fax or email. It provides a schedule of all service
and maintenance tasks grouped appropriately for efficient
engineer allocation and tracks the rented assets. This new
functionality, seamlessly built into the LeaseSoft financial
solution, provides a fully integrated rental, service and
engineer management solution and replaces two separate service
and rental systems.
"We are pleased to deliver a solution that integrates
Cathedral's sales, service and finance capabilities and
that will also provide an ideal platform to explore other
leading-edge technologies to further improve service levels,"
commented NetSolCQ project Sponsor Ivor Tarrant.
The solution, based on the NetSol LeaseSoft Asset Finance
system, demonstrates the flexibility of a LeaseSoft tailored
solution and presents new and exciting opportunities for
NetSol to provide integrated solutions to other service-oriented
businesses across a variety of sectors.
About NetSol Technologies, Inc.
NetSol Technologies is an 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 US, 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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