NetSol Technologies Joins Winshuttle's SHUTTLEpro Partner Program to Offer SAP Data Entry and Extraction Tools

EMERYVILLE, CA--(Marketwire - March 24, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced a channel partnership with Winshuttle, the leading provider of data entry and extraction tools for SAP users. Available through NetSol Technologies, SAP clients can now enjoy the benefits of more simplified, accurate and cost effective solutions for business users to shuttle data between SAP and familiar Microsoft Excel and Access formats.

Winshuttle's data loading and extraction tools for SAP users provide data management solutions that eliminate the need for programming by an IT department. Winshuttle's flagship product, transactionSHUTTLE, effectively bridges the needs of business users with the governance requirements of IT. transactionSHUTTLE transforms business processes for both implementation and post production projects, including data import, data quality and data integration.

"In this cost conscious environment, companies are searching for ways to achieve the most from their systems without the overhead of complex custom development," said Mark Pellas, Senior Vice President, SAP Consulting Services for NetSol Technologies. "The tools offered by Winshuttle allow companies to maximize the return on investment from their SAP software by empowering end-users of an SAP system to extract, report, and load data anytime, anywhere without the expense of traditional custom code and ABAP development. During implementations and upgrades, conversion of data constitutes a significant component of project time and cost. A tool such as transactionSHUTTLE helps reduce data conversion time by eliminating the need for the development of complex custom code."

In addition to being a reseller of the Winshuttle suite, NetSol Technologies plans to incorporate the Winshuttle tools into its own set of custom accelerators. "One of the reasons customers come to NetSol Technologies is for our extensive range of templates and accelerators for implementations and upgrades. These tools have allowed NetSol to quickly and effortlessly develop a portfolio of conversion and upgrade analytic tools providing huge cost benefit to customers in any SAP implementation," said Mr. Pellas.

Winshuttle's Vice President of North America Channels, Nick Petti, said, "Our company is excited to be working with NetSol Technologies and looks forward to the relationship. Through our partnership NetSol Technologies can further extend the value that it can bring to SAP clients by offering them a cutting edge technology for easy SAP data integration."

Mark Pellas, Senior Vice President, SAP Consulting Services for NetSol Technologies and Chad Bates, Director Winshuttle SAP Solutions will be hosting a Live Webinar on Tuesday, April 14th, 2009 at 2:00 PM Eastern Time / 11:00 AM Pacific Time. The Webinar will cover Best Practices for SAP Data Loading. For more information, please visit www.netsoltech.com and see the Events hotlink on the NetSol homepage.

About Winshuttle, Inc.

Winshuttle, Inc. is the leading provider of data entry and data download tools for SAP users worldwide. Winshuttle's products replace manual data input and complex technical tools by easily and securely shuttling data between Microsoft Excel or Access and SAP without programming. Winshuttle's flagship product, transactionSHUTTLE, effectively bridges the needs of business users with the governance requirements of IT. transactionSHUTTLE transforms business processes for both implementation and post production projects, including data import, data quality, and data integration. Managing SAP data has never been simpler for the hundreds of Global 2000 companies that rely on Winshuttle.

Headquartered in Bothell, Washington, Winshuttle has offices in the United Kingdom, France, and India. For more information visit http://www.winshuttle.com, email info@winshuttle.com, or call 1-800-711-9798.

About NetSol Technologies, Inc.

NetSol Technologies, Inc. (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring™ practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Healthcare, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in Adelaide, Beijing, Bangkok, Lahore, and London.

To learn more about NetSol Technologies, Inc., visit www.netsoltech.com

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Contact Information: Investor Relations: Christopher Chu Grayling +1-646-284-9426 cchu@hfgcg.com