Global Packaging Company Selects Vroozi for Intuitive Shopping Experience and Streamlined Procurement Workflow

Global Packaging Company Selects Vroozi for Intuitive Shopping Experience and
Streamlined Procurement Workflow

To Conduct a Multi-Country Rollout of Vroozi's Cloud-Based Business Shopping
Platform to the Company's Global User Base

CALABASAS, Calif., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Vroozi, Inc., a
subsidiary of NetSol Technologies, Inc., (Nasdaq:NTWK) and worldwide provider
of B2B e-Procurement cloud solutions, today announced that the company was
selected by a Fortune 500 packaging company to implement a multi-country
rollout of Vroozi's cloud-based business shopping platform within its SAP ERP
purchasing system.

Vroozi Company Logo

"Vroozi's business shopping platform was selected for its ease of use and
ability to seamlessly connect to the customers' SRM system, further
streamlining their procurement process and driving more spend with contracted
vendors," said Shaz Khan, COO and co-founder of Vroozi. "The addition of a
global packaging company in our portfolio of customers, ranging from
technology companies to healthcare providers, demonstrates that our platform
truly helps companies realize their ERP system investment regardless of their
industry."

About Vroozi

Vroozi is a worldwide provider of B2B e-Procurement cloud solutions, and
subsidiary of NetSol Technologies, Inc. Vroozi's business shopping
technologies including smartOCI is designed to facilitate the B2B procurement
process by providing companies with a powerful e-commerce search engine that
improves purchasing efficiencies. The plug-and-play software allows companies
to access their global suppliers and retrieve competitive just-in-time pricing
information to meet their purchasing requirements, as well as collaborate with
their suppliers to exchange and publish catalog content. smartOCI can be
integrated into major ERP purchasing modules such as SAP and others, and
includes a tiered monthly subscription fee.

The Vroozi Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16267

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

Forward-Looking Statements

This press release may contain forward-looking statements relating to the
development of the Company's products and services and future operation
results, including statements regarding the Company that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected. The words "expects," "anticipates,"
variations of such words, and similar expressions, identify forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future performance and
are subject to certain risks, uncertainties, and assumptions that are
difficult to predict. Factors that could affect the Company's actual results
include the progress and costs of the development of products and services and
the timing of the market acceptance. The subject Companies expressly disclaim
any obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's expectations
with regard thereto or any change in events, conditions or circumstances upon
which any statement is based.

Investor Contacts:

PondelWilkinson
Roger Pondel | Matt Sheldon
investors@netsoltech.com
(310) 279-5980

Media Contacts:

PondelWilkinson
George Medici | gmedici@pondel.com
(310) 279-5968

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