NETSOL TECHNOLOGIES TO HOLD CONFERENCE CALL TO DISCUSS FIRST QUARTER FINANCIAL RESULTS

Calabasas, CA – October 27, 2005 – NetSol Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary software applications and provider of information technology (IT) services, today announced it will hold a quarterly conference call to discuss first quarter financial results for fiscal 2006 on Thursday, November 10, at 11:00 a.m. Eastern (EDT). Shareholders and members of the investment community are invited to participate in the call.

The conference call dial-in number for U.S. callers is toll-free 888.243.3996. The conference call dial-in number for international callers is 973.935.2406. As a confirmation number is required to access the call, please RSVP your participation by calling Suzanne Schnitzer at McCloud Communications, 949.553.9748. A replay of the conference call will be available from November 10 through 17, 2005. To access the replay, U.S. callers can dial 877.519.4471 and international callers can dial 973.341.3080. The pin code is 6646785.

Additionally, this call is being webcast by ViaVid Communications and can be accessed at NetSol’s web site, www.netsoltek.com , or http://viavid.net/dce.aspx?sid=00002A56.

"We look forward to talking with our shareholders and members of the financial community," commented NetSol Chairman Najeeb U. Ghauri. "In spite of the continued aftershocks in Pakistan, NetSol’s development facility in Lahore, Pakistan is running under normal operations and the management team and employees are touched by the concern of shareholders and customers as well as the tremendous outpouring of support for Pakistan and its citizens."


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.


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