Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 48

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 The Company’s realization of its business aims could be materially
and adversely affected by any technical or other problems in, or difficulties with, planned funding and technologies, third party technologies
which render the Company’s technologies obsolete, the unavailability of required third party technology licenses on commercially
reasonable terms, the loss of key research and development personnel, the inability or failure to recruit and retain qualified research
and development personnel, or the adoption of technology standards which are different from technologies around which the Company’s
business ultimately is built. The Company does not intend to update these forward-looking statements.

Page 32

Business
Overview

NETSOL
Technologies is a global business services and asset finance solutions provider. NETSOL delivers state-of-the-art solutions for the asset
finance and leasing industry, serving automotive and equipment OEMs, auto captives and financial institutions across over 30 countries.
Since its inception in 1997, NETSOL has been at the cutting edge of technology, pioneering innovations with its asset finance solutions
and leveraging advanced AI and cloud services to meet the complex needs of the global market.

Renowned
for its deep industry expertise, customer-centric approach and commitment to excellence, NETSOL fosters strong partnerships with its
clients, ensuring their success in an ever-evolving landscape. With a rich history of innovation, ethical business practices and a focus
on sustainability, NETSOL is dedicated to empowering businesses worldwide, securing its position as the trusted partner for leading firms
around the globe.

Our primary
sources of revenues have been licensing, subscriptions, modification, enhancement and support of our suite of financial applications,
under the brand name Transcend™ Finance (formerly called NFS Ascent®) for leading businesses in the global finance
and leasing space.

Our clients
include blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 manufacturers, financial institutions, global vehicle manufacturers
and enterprise technology providers, all of which are serviced by our strategically placed support and delivery locations around the
globe.

We are
also committed to serving Tier-2 and Tier-3 banks and financial institutions. We understand the unique challenges faced by these institutions,
which is why we offer innovative cloud implementation solutions without any license fees, rapid deployments and the ability to scale.
Further, our out-of-the-box, API-first products are designed to seamlessly integrate into existing systems, providing flexibility and
scalability that smaller institutions often need. By prioritizing accessibility and ease of use, we empower smaller financial companies
to enhance their