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Hyundai's Auto-Financing Venture in China Adopts NetSol Financial Suite NFS(TM)



Hyundai's Auto-Financing Venture in China Adopts NetSol Financial Suite
NFS(TM)

BEIJING, Nov. 19, 2012 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc.
(Nasdaq:NTWK), a provider of global IT and enterprise application solutions,
today announced that Beijing Hyundai Auto Finance (BHAFC), a joint venture
between Hyundai Motor Group and Beijing Automotive Industry Group, has gone
live with NetSol's flagship product, NetSol Financial Suite (NFS)™. The new
implementation consolidates NetSol's position as the premier provider of
finance and leasing solutions to automotive financing companies in China.

The project scope includes license, implementation and maintenance of the NFS™
Credit Application Processing System (CAP) and Contract Management System
(CMS) for retail business operations, and the Wholesale Finance System (WFS)
and Dealer Access and Auditing System (DAAS) for wholesale floor-planning.

The Chinese market has gained immense traction from foreign auto
manufacturers, and Hyundai Motor Group, the world's fifth-largest car maker by
sales, aims to provide auto loans for Hyundai and Kia Motors customers in
China through the joint venture.

Naeem Ghauri, President and Head of Global Sales of NetSol Technologies Ltd.,
said, "The market potential in China is vast, and I have no doubt that BHAFC
will progress and become a dominant player. We will do our best to support
their growth and help them achieve their business objectives. Going live with
NFS™ is among the initial steps of our long-term partnership; we look forward
to mutual success and wish BHAFC all the best."

NetSol has more than 16 years of Asia Pacific (APAC) finance industry and
business domain experience in the region. In China alone, NetSol has achieved
successful implementations with the China Banking Regulatory Commission (CBRC)
and the Ministry of Commerce (MOFCOM)-licensed companies and banks. NFS™ has
become the benchmark solution for China's asset finance and leasing domain,
providing clients with a harmonized solution catering to Chinese legal,
regulatory and business requirements.

About NetSol Technologies

NetSol Technologies, Inc. (www.netsoltech.com) is a worldwide provider of
global IT and enterprise application solutions that include credit and finance
portfolio management systems, SAP consulting and services, custom development,
systems integration, and technical services for the global Financial, Leasing,
Insurance, Energy, and Technology markets. Headquartered in Calabasas, Calif.,
NetSol's product and services offerings have achieved ISO 9001, ISO 20000, ISO
27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity
Model) Maturity Level 5 assessments, a distinction shared by only 178
companies worldwide. The company's clients include Fortune 500 manufacturers,
global automakers, financial institutions, utilities, technology providers,
and government agencies. NetSol has delivery and support locations in San
Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.

The NetSol Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9832

Contacts
PondelWilkinson Inc.
Investors:
Matt Sheldon | Roger Pondel
investors@netsoltech.com
(310) 279-5980
 
Media:
George Medici
(310) 279-5968
gmedici@pondel.com

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