NetSol Technologies Announces Leasepak Go-Live
at Major Vehicle Finance Operation

Wholly owned Subsidiary Drives $1.5 Million Contract with Automotive Leader

Calabasas, CA: NetSol Technologies, Inc. (NASDAQ:NTWK), a US-based multinational provider of enterprise software and services for equipment finance, today announced its wholly owned subsidiary, Burlingame, CA-based McCue Systems, has successfully completed the implementation of its flagship vehicle finance software suite, LeasePak, at a major Korean vehicle finance operation. Under the terms of the approximately $1.5 million contract, McCue Systems provided a customized version of LeasePak, along with implementation and support services.
The operation will serve the company's dealer network throughout the United States, facilitating consumer leases for a complete line of vehicles. The customized LeasePak configuration will be integrated into the customer's existing dealer network to simplify and streamline contract origination for dealerships.
"We are pleased to add this marquee brand to the growing list of global automotive and equipment leasing companies using LeasePak as their vehicle and asset finance software of choice," commented McCue Systems CEO John McCue. "The customer's fast-ramping program required a robust system designed to efficiently manage growing transaction volume. We look forward to working closely with their team as they move forward to expand the use of LeasePak throughout their operations."
About McCue Systems
With over 30 years of experience in developing business solutions for the equipment and vehicle leasing industry, McCue Systems Inc. is the leading provider of lease/loan portfolio management software for banks, leasing companies and manufacturers. Its flagship product, LeasePak, simplifies lease/loan administration and asset management by accurately tracking leases, loans and equipment from origination through end-of-term and disposition.
McCue Systems leads the leasing technology industry in the development of Web-enabled and Web-based tools to deliver superior customer service, reduce operating costs, streamline the lease management lifecycle, and support collaboration with origination channel and asset partners. For more information, visit
About NetSol Technologies, Inc.
NetSol Technologies is a US-based multinational provider of enterprise software and services for equipment financing. 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



Editor: Akhtar M. Faruqui
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