NETSOL TECHNOLOGIES, INC. NAMED STOCK PICK OF THE MONTH BY THE BOWSER REPORT

Calabasas, CA – October 25, 2005 – NetSol Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary software applications and provider of information technology (IT) services, today announced that it has been selected by The Bowser Report as "Company of The Month" for its October 2005 stock report newsletter.

"We are delighted to be the featured stock in the October issue of the Bowser Report," commented NetSol Chairman Najeeb U. Ghauri. "Max Bowser is widely recognized for his analytical approach to picking undervalued stocks. NetSol has truly staged a turnaround over the past year, and we anticipate a growing awareness, through reports such as this, will serve us well as we build the NetSol brand."

NetSol recently reported its first profitable fiscal year for 2005, including a 116 percent increase in revenue over the same period for fiscal 2004. Management also provided guidance for fiscal 2006, with continued revenue growth to between $19 million and $20 million.

To receive a copy of The Bowser Report, please call 757.877.5979.


About The Bowser Report

Founded in 1976, The Bowser Report is a monthly, ten page newsletter recommending stocks that are $3.00 a share or less on the NYSE, NASDAQ, and AMEX. One Company of The Month is highlighted in each issue, accompanied by an analysis of its business model, financial reports, product line and overall growth potential. Founder Max Bowser evaluates each stock with his Twelve Point Rating System, then groups them into three categories: (1) Best Pick, (2) Worthy of Consideration, and (3) Very Speculative. Bowser is also the author of several bestselling books, including his most recent "GUARANTEED PROFITS - The Only Stock Market Investment System That Comes With a $5,000 Guarantee." For more information, visit www.thebowserreport.com.


About NetSol Technologies, Inc.

NetSol Technologies is an end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective IT services ranging from consulting and application development to systems integration and outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 4 assessment. For more information, visit NetSol Technologies' web site at www.netsoltek.com.


Securities Exchange Act of 1934

This release is comprised of inter-related information that must be interpreted in the context of all the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance, are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Such statements reflect the current views of NetSol Technologies with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. NetSol Technologies does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.

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