NETSOL TECHNOLOGIES, INC. ANNOUNCES THE LAUNCH OF NETSOLCQ

Calabasas, CA – November 9, 2005 – NetSol Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary software applications and provider of information technology (IT) services, announced today that the new face and culture of its wholly owned subsidiary, NetSolCQ, and the LeaseSoft brand, will be officially launched to clients and the industry on November 17, 2005, at London’s opulent Café Royal. Introducing The Next Heavyweight Champion will be the memorable theme at this unique and spectacular black tie dinner, which will feature world class boxing in conjunction with Mayfair Sporting Club and the British Boxing Board of Control.

CQ Systems Ltd., now known as NetSolCQ, following its acquisition by NetSol Technologies in February 2005, has been transformed into an international organization offering an improved, innovative range of high quality leasing and finance software solutions for its clients under the product name of LeaseSoft.

The acquisition provides NetSolCQ and its clients with access to NetSol Technologies’ international infrastructure, technical resources, and stellar reputation within the asset-based leasing and finance industry. NetSol Technologies’ product and service mix provides the competitive edge and its strong offshore development capabilities add significant value for NetSolCQ’s clients.

"The improved range of LeaseSoft products is the result of bringing together the best expertise and experience from across the world," said NetSolCQ Chairman, Naeem Ghauri. "This ensures we can offer our clients not only the best software available anywhere but, importantly, global support and the highest quality service."

The LeaseSoft suite of products incorporates both CQ Systems and NetSol Technologies solutions, which are now available from the global group under the brand name LeaseSoft. The product family includes LeaseSoft Contract Management System (CMS), LeaseSoft Credit Application Processing (CAP), LeaseSoft Wholesale Finance System (WFS), LeaseSoft EPOS and LeaseSoft Premium Finance (PF).

NetSolCQ’s commitment is to continual creation of a seamless and efficient customized solution, adding great value to our clients’ businesses. The company provides guaranteed services and support during project development and implementation, and on an ongoing basis. NetSolCQ takes pride in maintaining a high level of integrity, honesty and responsiveness in dealing with its clients and to ensuring that the solution precisely fits their business needs, budgets and timing.


About NetSolCQ

Established in 1986 as CQ Systems Ltd, and acquired by NetSol Technologies in February 2005, NetSolCQ has transformed itself into a business offering an improved, innovative range of high quality leasing and finance software solutions under the product name of LeaseSoft. NetSolCQ is recognized as a premium provider of software solutions to the asset, consumer, motor, wholesale and premium finance sectors. Today, NetSolCQ has 75 banking, independent and captive finance house clients in the United Kingdom, Europe, Africa and Asia. Please visit the company’s website at www.netsolcq.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.



# # # #