UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported): March 24, 2008 (March 24,
2008)
Commission
file number: 0-22773
NETSOL
TECHNOLOGIES, INC.
(Exact
name of small business issuer as specified in its charter)
NEVADA
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95-4627685
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(State
or other Jurisdiction of
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(I.R.S.
Employer NO.)
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Incorporation
or Organization)
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23901
Calabasas Road, Suite 2072, Calabasas, CA 91302
(Address
of principal executive offices) (Zip Code)
(818)
222-9195 / (818) 222-9197
(Issuer's
telephone/facsimile numbers, including area code)
Item
8.01 Other Events
On
March 24, 2008, NetSol Technologies, Inc., or the Company, issued a press
release announcing that its Board of Directors had authorized the repurchase
of
up to 1 million shares of its issued and outstanding common shares. A copy
of the press release is attached as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
This
information and the exhibits hereto are being furnished and shall not be deemed
to be “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liability of
that section, nor shall they be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits.
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Exhibit
No.
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Description
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99.1
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Text
of press release issued by NetSol Technologies, Inc. dated March
24, 2008,
regarding this share repurchase program.
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SIGNATURES
In
accordance with the requirements of the Exchange Act, the registrant caused
this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NETSOL
TECHNOLOGIES, INC.
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Date: March
24, 2008 |
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/s/ Najeeb
Ghauri |
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NAJEEB
GHAURI |
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Chief
Executive Officer |
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Date: March
24, 2008 |
/s/
Tina Gilger |
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TINA
GILGER
Chief
Financial Officer
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