Pakistani cos. would attend NASSCOM 2004 Tech. Conf

Pakistani companies Invited to Attend NASSCOM 2004 Technology Conference

NetSol Technologies, Inc. (NASDAQ: NTWK), a developer of proprietary software applications and information technology services, today announced that it will be attending NASSCOM 2004, India’s most prestigious and successful technology conference. This year’s event marks a major milestone as it is the first time NASSCOM has welcomed Pakistani companies to attend the conference.

“We are pleased to have this opportunity to forge new relationships with the hundreds of U.S., Canadian, and European business leaders also attending NASSCOM this year,” said Naeem Ghauri, NetSol Chief Executive Officer. “This conference is the first step in building a bridge to a prosperous business relationship between India, Pakistan, and the entire Information Technology (IT) community, and I, myself, am very proud to have been selected to represent NetSol, our employees, and shareholders at NASSCOM.”

According to NASSCOM officials, a wide spectrum of global thought leaders, industry analysts, key government functionaries, representatives of global IT leaders, and hundreds of members of the customer community are expected to attend.

India is among the fastest growing IT markets and providers of IT-enabled services in the world. According to NASSCOM estimates, the Indian ITES-BPO industry is likely to grow by 54% to reach $3.6 billion by 2004. The NASSCOM 20004 show will have a special track, ITES-BPO Conclave, to focus on the coming of age of this sector and its impact on the global business community.

NASSCOM will be held at the Hotel Oberoi Towers in Mumbai, India, February 3 - 6, 2004. Since 1990, NASSCOM’s annual event has been the most prestigious and successful hi-tech conference in India. This year NASSCOM has invited leading thinkers, analysts, bankers and politicians from the United States, Europe and Asia Pacific to discuss the growth of the hi-tech industry on the global economy. CEO’s of Fortune 500 global companies will speak on managing multicultural corporations and the growing complexities of global business.

About NASSCOM

National Association of Software and Service Companies (NASSCOM) is the apex umbrella organization for IT software and service organizations in India. Formed in 1988, NASSCOM’s objective is to act as a catalyst for the growth of the globally competitive software-driven IT industry in India. NASSCOM is a non-profit organization with over 800 member companies that collectively contribute to more than 95 per cent of revenues of Indian software industry.

Its members include software, Internet and E-commerce companies spanning private and public sectors that include homegrown companies and multi-nationals. NASSCOM is internationally represented at WITSA (World Information Technology Services Alliance) and ASOCIO (Asian Oceanian Computing Industry Organization). For further information, please visit us at www.nasscom.org.