NetSol Technologies' CEO Purchases 100,000 Shares of Company Common Stock in Open Market

NetSol Technologies, Inc. NTWK today announced that Najeeb Ghauri, the company's Chairman and Chief Executive Officer, purchased 100,000 shares of NetSol Technologies' common stock on the open market at an average price of $ 0.69. This purchase follows prior purchases of 200,000 shares in March 2011, 100,000 shares in February 2011 and 125,000 shares in December 2010, bringing Ghauri's total ownership in NetSol to more than 2.1 million shares, or 7% on a fully diluted basis. "My recent purchases reflect my confidence in NetSol to meet its long term growth objectives and management's commitment to increasing shareholder value," Ghauri said. "With our strong suite of product offerings and talented workforce, NetSol continues to distinguish itself as a global leader."