CALABASAS, Calif., April 21, 2015 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq: NTWK), a global provider of IT and enterprise software solutions, today issued the following statement in connection with China's $46 billion investment aimed at establishing a Pakistan-China Economic Corridor focused on energy and infrastructure development:
"As the largest tech company with operations in Pakistan, we see this as an important investment that enhances the country's infrastructure, business environment, and overall economic outlook," said Najeeb Ghauri, CEO of NetSol. "This is the type of investment that demonstrates confidence in Pakistan, and its improving business and security environment.
"In addition, we believe that the investment will lower energy costs in the country, providing further benefits to business and the general public."
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry. The Company's suite of applications are backed by 40 years of domain expertise and supported by a committed team of more than 1,000 professionals placed in eight strategically located support and delivery centers throughout the world.
This press release may contain forward-looking statements relating to Pakistan's economy and the affects of China's investment in the country, 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.
