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NTWK - NetSol Technologies Inc News Story

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Micro Cap
Market Cap £35.2m
Enterprise Value £27.8m
Revenue £42.0m
Position in Universe 6089th / 7335

NETSOL Attains Five-Star Premier Business Partnership Level Status with the American Financial Services Association

Thu 28th October, 2021 1:00pm
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CALABASAS, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc.
( (Nasdaq: NTWK
(, a
global business services and enterprise application solutions provider, today
announced it has signed an agreement to become a “Five-Star Premier Business
Partner” of the American Financial Services Association

A member of the AFSA since 2019, NETSOL will now have an opportunity to more
fully participate in select marketing programs and maximize the value of their
participation in a range of association opportunities including auto finance
industry events and presentations, podcasts and webinars. Being a Five-Star
Premier Business Partner will also support the Company’s efforts to gain a
deeper and more consistent engagement with both the AFSA team and its member
organizations as an industry thought leader.

“We appreciate the opportunity to expand and improve our membership status
with AFSA by now becoming a Five-Star Level Premier Business Partner with the
association,” said Executive Vice President for NETSOL Technologies Americas
Peter Minshall. “By signing this agreement with AFSA, the national trade
association for the consumer credit industry in the United States, we look
forward to further maximizing our reach in the consumer finance space. We are
confident that AFSA’s members will greatly benefit from our collective four
decade’s worth of industry knowledge in both the U.S. and global auto
finance and leasing industry.”

“We are pleased to announce that NETSOL Technologies, one of the most
experienced enterprises in providing innovative technology solutions to the
auto finance and leasing industry in the United States, is now an AFSA
Five-Star Premier Business Partner,” said Jenny Bengtson, Director,
Membership and Marketing at the American Financial Services Association.
“NETSOL’s customers benefit from over forty years of experience in the
industry. Through the company’s extensive knowledge-base and proven
technology solutions, they have a clear edge in the auto finance and leasing
sector which will greatly benefit our members. Their auto financing and
leasing clients include world leading auto captives and financial
institutions. We look forward to NETSOL working closely with our association
and furthering our mission across the consumer finance industry.”

About NETSOL Technologies
NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and
enterprise software solutions primarily serving the global leasing and finance
industry. The Company’s suite of applications is backed by 40 years of
domain expertise and supported by a committed team of more than 1300
professionals placed in eight strategically located support and delivery
centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent® –
help companies transform their Finance and Leasing operations, providing a
fully automated asset-based finance solution covering the complete finance and
leasing lifecycle.

About The American Financial Services Association
Founded in 1916, the American Financial Services Association (AFSA) is the
primary trade association for the consumer credit industry, protecting access
to credit and consumer choice. AFSA provides the consumer credit industry and
the consumers it services with a voice in Washington, D.C., where the
association is headquartered, and access to the media and investment
community. It also provides policy advice and issues management at both the
federal and state level.

AFSA members provide consumers with many kinds of credit, including
traditional installment loans, direct and indirect vehicle financing,
mortgages, payment cards, and credit for non-vehicle retail customers. They do
not provide payday or vehicle title loans. AFSA members shape the industry’s
direction and positions on a broad range of public policy issues that affect
the consumer credit industry. No other trade group in America has more depth
and influence on consumer finance issues.

Forward-Looking Statements
This press release may contain forward-looking statements relating to the
development of the Company's products and services and future operating
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 Relations Contact:

Matt Glover and Tom Colton
Gateway Investor Relations


GlobeNewswire, Inc. 2021
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