NetSol Signs Consulting
Agreement with Marshall S. Cogan
Calabasas,
CA: NetSol Technologies, Inc. (NASDAQ:NTWK), a US-based,
multinational provider of enterprise software and services
for commercial finance, has announced that Marshall S. Cogan
has entered into a consulting agreement to assist the company
with its global business development strategy.
"Marshall S. Cogan is a respected name on Wall Street
and his excellent reputation is known by business leaders
around the world," said Najeeb U. Ghauri, NetSol Chairman
and CEO. "With NetSol's advance from a regional business
to a global solutions provider, I am delighted that Marshall's
depth of experience will now be available to our management
team as we pursue our strategic business goals. His financial
expertise with Fortune 500 companies and top tier international
companies will benefit our interests. His established contacts
with leading banking and financing houses will also play
a significant role in the launch of NetSol's inBanking product,
which is currently under development."
Mr. Cogan received his MBA from the Harvard University School
of Business Administration. A military veteran, he worked
at various financial institutions as a securities analyst
throughout his early career, was a Partner in Charge of
Institutional Research, and an investment banker.
Through the 1980's and 1990's, Mr. Cogan served as a director
at numerous publicly traded companies and held the position
of Chairman and CEO at several firms, including UnitedAuto
Group. He is currently a Senior Director and Strategist
with Ener 1 Group and serves as Chairman of the Board at
Greystone Logistics. Mr. Cogan is a Trustee of the New York
University Hospital and maintains private offices in New
York City. Additionally, Mr. Cogan was the founder of UnitedAuto
Group, Foamex International and senior partner of Cogan,
Berlind, Weill & Levitt, predecessor to Shearson, Lehman,
AXP.
"I am confident that I can assist NetSol in attaining
its goal of becoming the leading provider of end-to-end
software solutions to the global equipment financing community,"
said Cogan. "I look forward to working with NetSol's
management as they refine their business development programs
within their three newly created regions, and making introductions
to key individuals at targeted companies around the world."
NetSol Technologies is a US-based multinational provider
of enterprise software and services for commercial finance.
Headquartered in Calabasas, CA, NetSol Technologies, Inc.
operates on a global basis with locations in the US, Europe,
East Asia and Asia Pacific, including: London, Los Angeles,
San Francisco, Sydney, Beijing, Toronto, and Lahore, Pakistan.
The NetSol family of products includes: the LeaseSoft Contract
Management System, LeaseSoft Credit Application Processing,
LeaseSoft Wholesale Finance System, LeaseSoft Premium Finance
System, LeaseSoft EPO system, and the LeasePak system. NetSol
clients include: Motorola, CitiGroup, BMW, Toyota, Yamaha,
Quest Communications, and Investec. NetSol's largest customer:
DaimlerChrysler Services, a division of DaimlerChrysler,
the world's fifth-largest carmaker, ranks NetSol as a preferred
vendor in 40-plus countries.
NetSol Technologies helps its clients identify, evaluate
and implement technology solutions to meet their strategic
business challenges and maximize their bottom line. By utilizing
its worldwide resources, NetSol Technologies delivers high-quality,
cost-effective equipment finance portfolio management solutions
and IT services ranging from consulting and application
development to systems integration and outsourcing. NetSol
Technologies' commitment to quality is demonstrated by its
achievement of both ISO 9001 and SEI (Software Engineering
Institute) CMMl (Capability Maturity Model) Level 5 assessment.
For more information, visit NetSol Technologies' web site
at www.netsoltek.com.
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