Aug 28, 2012

NetSol Technologies Regains NASDAQ Compliance

NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced that it has received a letter from the listing qualifications department staff of The NASDAQ stating that the Company has regained compliance with NASDAQ Stock Market Listing Rules that require maintenance of a minimum $1.00 per share bid price.

Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.

“We are pleased that this matter is now behind us and look forward to continuing our concentration on pursuing growth opportunities and enhancing value for all stakeholders,” said Najeeb Ghauri, CEO of NetSol.