CALABASAS, Calif., July 1, 2013 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, was awarded "First Rate and Best Selling Leasing and Finance Solution" at this year's China Leasing Summit for its flagship product, NetSol Financial Suite (NFS), the company's proprietary financing and leasing solution that manages more than $100 billion in assets for 200 global businesses across industries such as automotive, construction, banking, transportation, retail and technology. Naeem Aftab, general manager of NetSol China WOFE, accepted the award on behalf of NetSol Technologies, Inc. from Zhang Juguang honorary chairman of the Beijing Leasing Association, one of the main administrators of the annual event. "NetSol Technologies is well positioned to benefit from the growth and evolution of the Chinese finance and leasing industry," said Najeeb Ghauri, chairman and CEO at NetSol Technologies, Inc. "Our NFS software is one of the most trusted solutions in the Chinese market and this award reinforces our leading position in the industry and our commitment to customers." Since 2005, NetSol Technologies has established a major presence in China, implementing its NFS Financial Suite at some of the country's top leasing auto captives and banks, such as Mercedes-Benz Leasing, Chongqing Auto Finance, JAC Santander, Minsheng Financial Leasing, SANY Auto Finance and Beijing Hyundai Auto Finance. About NetSol Financial Suite TM NetSol Financial Suite ("NFS") is a robust suite of five software applications, an end-to-end solution for the lease and finance industry covering the complete leasing and finance cycle starting from quotation origination through end of contract. The NFS Suite consists of 60 modules grouped in five comprehensive applications. The five software applications under NFS have been designed and developed for a highly flexible setting and are capable of dealing with multinational, multi-company, multi-asset, multi-lingual, multi-distributor and multi-manufacturer environments. Each application is a complete system in itself and can be used independently to address specific sub-domains of the leasing/financing cycle. When used together, they fully automate the entire leasing / financing cycle.