SCHEDULE 14A INFORMATION
(Rule 14a)
Information Required in Proxy Statement
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Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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NetSol International, Inc.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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TUESDAY MAY 29, 6:02 AM EASTERN TIME
PRESS RELEASE
NETSOL INTERNATIONAL NOMINATES TOP EXECUTIVE FROM DAIMLER-CHRYSLER SINGAPORE
TO BOARD POSITION AND FILES PROXY STATEMENT
CALABASAS, Calif.--(BUSINESS WIRE)--May 29, 2001--NetSol International, Inc.
(NASDAQ: NTWK, www.netsol-intl.com) has announced the nomination of Eugen
Beckert, Senior Representative of DaimlerChrysler Services and Chief
Information Officer (CIO) in Asia, to the Company's Board of Directors.
Beckert has been instrumental in DaimlerChrysler's development of global
technology in the Far East.
Separately, the Company filed on May 25 amended preliminary proxy materials
with the SEC in connection with the special meeting to be held in response to
Net Sol Shareholder Group LLC's proxy solicitation.
"We are very pleased to add Eugen Beckert's name to our slate of board
candidates," said Najeeb Ghauri, NetSol's chief executive officer. "His
knowledge and background in global technology will be a tremendous asset for
NetSol, since he will truly understand how to execute NetSol's business
model." Beckert has a longtime association with NetSol, which counts among
its clients Daimler-Chrysler offices in Singapore, Australia and Taiwan.
Beckert, a native of Germany, has been with Mercedes Benz AG/Daimler-Benz AG
since 1973, working in technology and systems development. In 1992 he was
appointed Director of Global IT (CIO) for Debis Financial Services, the
services division of Daimler-Benz. In 1996 he was appointed Director of
Processes and Systems (CIO) for Financial Services Asia/Pacific. His office
is based in Tokyo.
NetSol's board of directors will be soliciting proxies in opposition to the
proposals of the NetSol Shareholders Group LLC. The board of directors'
interests in the Company are disclosed in the preliminary proxy statement and
other documents filed with the SEC and available free of charge at the SEC's
web site www.sec.gov. The Company urges its stockholders to read the entire
proxy statement when it becomes available, because it contains important
information. Once finalized, additional copies of the Company's definitive
proxy statement will be available free of charge from MacKenzie Partners,
Inc. at (800) 322-2885 or proxy@mackenziepartners.com.
NetSol International Inc. is an ISO-9001 certified software developer in the
global information technology industry. With an international workforce of
more than 400 employees, NetSol specializes in software development,
proprietary and asset-based leasing and finance programs, IT consulting, and
creation of eBusiness and Web-based solutions for a growing list of blue-chip
customers worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz
Financing, Australia; Mercedes Benz Leasing, Thailand; CFS Groups U.K., St.
George Bank, Australia; GMAC in Australia, and Debis Porfolio Systems, U.K.
For more information about NetSol and its subsidiaries, visit the company's
web site at www.netsol-intl.com.
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Safe Harbor Statement
This release contains forward looking statements relating to the development
of the Company's products and services and future operation results,
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 "believe," "expect," "anticipate," "intend,"
variations of such words, and similar expressions identify forward looking
statements, 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 of those products and services. A more detailed
description of certain factors that could affect actual results include those
factors discussed in the Company's filings with the United States Securities
and Exchange Commission, including its annual report on Form 10-KSB and
quarterly reports on Form 10-QSB. NetSol International Inc. undertakes no
obligation to update publicly any forward-looking statements to reflect new
information, events or circumstances after the date of this release or to
reflect the occurrences of unanticipated events. Readers are cautioned not to
put undue reliance on forward-looking statements, which speak only as of the
date of this release. The company disclaims any intent or obligation to
update publicly these forward-looking statements, whether as a result of new
information, future events or for any other reason.
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CONTACT:
Cramer-Krasselt
Amy Dolnick, 312/616-3823
adolnick@c-k.com
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