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OTC Journal Newsletter
July 29, 1999
Volume II, Issue 33

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

Very Exciting news today on NetSol International (OTC BB: NTWK), Engineering Power (OTC BB: EGPDF), and the investment resources at the OTC Journal.

We will cover the outstanding news on NetSol in this edition, and have the news on Engineering Power news release for you in our weekend edition which will go out tomorrow.

We have several new features coming soon on our Home Page which investors will love.

  • Dick Geist's July column, titled Avoiding Psychological Mistakes In Microcap Investing is published and up on our site.  This is a better article than the June article, and a must read for anybody interested in micro cap stocks.  Click Here to go directly to the article to read it.
  • Our Day Trading Section will go live next week.  We have formed an alliance with what we believe to be the Premier Day and Swing Trading Newsletter Writer today.  We will be publishing excerpts from his daily newsletter market commentary for the benefit of our Members.  Those of you looking for unbiased short term trading ideas will love this section.  You should bookmark it, and visit it every day.
  • We have an new IPO Button up on our Home Page- content will be coming soon with opportunities in IPOs for our subscribers.  Representatives from brokerage firms will be putting up their names and toll free numbers for you to call when they have allocations of IPOs set aside for our members.  You can call for a prospectus.  Details on how this works will be put up in the section.
Now, on to some exciting news on NetSol International (OTC BB: NTWK) which has been trading very well recently, and is currently trading at an all time high since we released the profile back in January.  This is a classic example of how patience and belief pay off for investors.

When we originally released this profile, the stock was trading at $3.88.  Since that time, this stock has traded as low as $1.69, and is now in the $4.50 range.  Therefore, anybody that has invested in this stock is making a nice profit.  More importantly, those investors that have followed the progress of this Company know that the fundamental developments we have been covering have been outstanding, and it was just a matter of time.  The stock is now up 171% from its low since we released our profile, and we're all in the money.

Today's news release suggests even higher levels in the future.  NetSol International today announced that it has filed an application for a full NASDAQ Small Cap listing.  According to their attorneys, they meet all the financial qualifications, and if the stock continues to trade above $4 for 30 consecutive days, they will meet all the listing requirements.

Of course, ultimately it is up to the NASD to grant the approval.  However, in keeping with our theme of presenting undiscovered companies, this bodes well for this Company to be discovered by Wall Street.

Once a stock that trades on the NASDAQ or a listed exchange and exceeds $5 in price, it pops up on the radar screens of institutional money managers that specialize in small and micro cap stocks.  If this Company continues to exhibit these growth characteristics, $5 in inevitable at some point in the future.  You might want to go to our archive of newsletters on this Company and read about their progress.  You can get there from the archive section on our home page, or you can click here.

Now, here is today's news release for your benefit:
 

Thursday July 29, 9:45 am Eastern Time
Company Press Release
SOURCE: NetSol International, Inc.

NetSol International, Inc. Files for Nasdaq Small Cap Listing

SANTA MONICA, Calif., July 29 /PRNewswire/ -- NetSol International, Inc. (OTC Bulletin Board: NTWK``NetSol'') today announced that it has filed with Nasdaq for its Small Cap listing. NetSol (formerly Mirage Holdings, Inc.) became a public company by completing a successful initial public offering in September 1998. The company has been trading over the counter on the bulletin board since the initial offering.

NetSol International Inc. is an Information Technology ``IT'' company with its headquarters based in Santa Monica, California. The company specializes in lease and finance software products, offshore solutions development, consulting, networking engineering services and is now entering the E-commerce sector.

Over the last 3 years, NetSol has been awarded many projects from blue chip customers worldwide. Major customers include Daimler-Chrysler's lease and finance subsidiaries in the Far East and Europe, ICI of the U.K., ICOM of France, Fuzzy! Informatique of Germany as well as U.S. based 1st Net Technologies, Inc.

In addition to the large number of primary and secondary schools in the United Kingdom for which NetSol is currently installing local area networks, the company will also be expanding into the U.S. education market.

Mr. Najeeb Ghauri, President and CFO of NetSol International, Inc. commented, ``This is a landmark development for an emerging company that has grown tremendously over the last three years. We believe that our application to the Nasdaq Stock Exchange will help us elevate our listing status to more accurately reflect our corporate success.''

Included in this material are ``forward-looking statements'' within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements would have proved to be correct.

For further information, please visit the Company's Investor relations Web Site: www.netsol-intl.com. Or Contact: Ms. Aiesha Ghauri of NetSol International, Inc., 310-395-4073, aieshag@netsol-intl.com

SOURCE: NetSol International, Inc.
 



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The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. All statements and expressions are the sole opinions of the editors and are subject to change without notice. This profile is neither an offer nor solicitation to buy or sell any securities mentioned. This newsletter is owned by SSP Management, Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net").  While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, may own stock in and have other financial dealings with the companies who appear in the publication.  To that degree, this newsletter should not be regarded to be an independent publication.  SSP Management, the parent company of the OTC Journal, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Netsol International for a period of one year.   The OTCjournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.

We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com.   We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm.   Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.



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