On Monday August 15, 2011, NetSol Technologies Inc. (NASDAQ:NTWK), Headquartered in Calabasas, Calif., an ISO 9001, ISO 20000, ISO 27001 certified company, renowned globally for the provision of global IT and enterprise application solutions, announced the significant purchase of 100,000 shares of company common stock on the Open Market at an average price of $0.83 by its President, Mr. Salim Ghauri, who is also the Head of the company’s Asia Pacific Region.
Ghauri has accomplished his 5% ownership in NetSol on a fully diluted basis, with the completion of the said purchase in addition to the prior purchases of 200,000 shares in February 2011 and 350,000 shares in May 2010.
The respective transaction is being executed in continuation to the acquisition of additional 100,000 shares by the company’s Chairman and CEO, Najeeb Ghuari, on August 9, 2011.
Ghauri exclaimed that the company’s future prospects including the recent expansion in Bangkok and the contract win in China has convinced him for his investment, which thereby reflects his confidence in NetSol, its products and employees.
NetSol Technologies, Inc. provides global IT and enterprise application solutions inclusive of credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.
Shares of NTWK jumped 3.37% to $0.92.
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