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Right after my last post on NetSol (NASDAQ:NTWK), the company announced yet another substantial contract win in Asia.

This time NetSol landed its fifth major Chinese contract in the past twelve months, selling its premiere LeaseSoft software and related services valued at up to $2 million to the captive leasing subsidiary of a major automobile manufacturer. Chairman and CEO Najeeb Ghauri said that the company expects to report record LeaseSoft sales in the APAC region in 2007.

The fundamental trend for NetSol is very strong and could propel shares much higher.

Disclosure: I am long NTWK.

ntwk

Source: NetSol Technologies Lands Fifth Major Chinese Contract