Newsletter

You can unsubscribe from this list at any time by Clicking Here and HITTING SEND. You can also unsubscribe by going to http://listserv.otcjournal.com and entering your email address there while selecting unsubscribe.


OTC Journal Newsletter
July 14, 1999	Volume II, Issue 31

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

To OTC Journal Members:

We are in the heart of the summer doldrums for stocks, especially small stocks. Everybody's on vacation or too busy with their summer soft ball league or golf game to pay attention to the stock market. Great time for aggressive investors to hunt for bargains for a post Labor Day trade.

Our next profile will be released Friday after the close. Here's a sneak preview: If you want to read about a Company that has gone from $23 million one year, to $37 million the next year, to $64 million in the first half of the third year, just check your inbox over the weekend.

Today we had another great news release from NetSol International (OTC BB: NTWK). The Company signed two more international contracts with Mercedes Benz Leasing Companies. This stock has had a string of very positive developments, but these events have yet to be reflected in the price. It seems that the stock is going to have to find higher levels eventually if these positive events continue. Only time will tell.

Here is the full text of the press release for your benefit:

Wednesday July 14, 9:45 am Eastern Time
Company Press Release
SOURCE: NetSol International, Inc

Network Solutions (Pvt.) Ltd., Signs Two New Contracts with Mercedes Benz Leasing Companies

SANTA MONICA, Calif., July 14 /PRNewswire/ -- NetSol International, Inc. (OTC Bulletin Board: NTWK - news; ``NetSol'') through its subsidiary Network Solutions (Pvt.) Ltd., announced that it has executed two new contracts with Mercedes-Benz Finance, Australia and Tung Yang Leasing Company of Taiwan (A subsidiary of DEBIS Financial Service, Germany).

The new contract signed with the Australian company is the second project awarded to Network Solutions (Pvt.) Ltd. The company will be designing and developing a 'Settlement Management System' which manages the phase of a proposal after its approval cycle and payment to the dealer for the release of the vehicle. This system will be interfaced with MBF SAP accounting system and will have direct bank debit and credit interface. The system is expected to be completed by November 1999. Earlier, Network Solutions (Pvt.) Ltd., was awarded the project to develop a 'Proposal Management System' for Mercedes Benz which is on schedule to be completed and delivered on time.

In addition, Network Solutions (Pvt.) Ltd., has been awarded another new project by Tung Yang Leasing Company (``TYLC'') Taiwan, which is a subsidiary of DEBIS. (DEBIS is a division of Daimler-Chyrsler (NYSE: DCX - news)). TYLC has been a customer of Network Solutions (Pvt.) Ltd. since 1996 where it has successfully developed and implemented a Point of Sale (POS) system for TYLC. The new system being developed will be a new generation POS system and will be implemented in the next few months. Both of these contracts have an estimated value of approximately $500,000 with residual earnings for many years to come.

Mr. Salim Ghauri, CEO of NetSol International, Inc. stated ``that NetSol has successfully developed a new generation of Web based Point of Sale for the Lease and Finance industry. These Web based systems are state of the art products and they are our core business.'' He continued, `` the fact that we are getting repeat business from the same customers, gives me a great deal of satisfaction that we are building a strong base of satisfied and long-term partners for NetSol.''

NetSol is an Information Technology company that specializes in the areas of lease and finance software industry and has developed its own proprietary software products. The company has expanded in many other divisions such as Education, Networking, Consulting and E.Commerce. Network Solutions (Pvt.) Ltd. is the first software company in Pakistan that is ISO 9001 certified. NetSol has a strong base for Microsoft certified Engineers (MCSE). The company has grown exponentially in the last 2 years. It has many blue chip customers worldwide including Mercedes-Benz finance companies in the Far East region and Europe.

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 our Investor Relations Web Site: www.netsol-intl.com.

SOURCE: NetSol International, Inc

Links to Free Downloads

Disclaimer

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.