DGAP-News: Photo Release -- Louise Ikonomides Appointed Managing Director of Virtual Lease Services
(firmenpresse) - NetSol Technologies, Inc.
29.10.2013 12:00
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LONDON, 2013-10-29 12:00 CET (GLOBE NEWSWIRE) --
Leading asset finance and leasing executive Louise Ikonomides has been
appointed managing director of Virtual Lease Services (VLS) Ltd., a
jointly-owned subsidiary of NetSol Technologies, Inc. (Nasdaq:NTWK) and
Investec Asset Finance Plc.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21878
In her new role, Ikonomides will oversee VLS' expansion efforts, focusing on
business process outsourcing, which includes the management of process driven
installment credit portfolios; standby servicing to the securitization markets;
and management of rental programs for equipment manufacturers and associated
resellers. She also will lead the growth strategy into new verticals, including
unsecured asset-backed securities and consumer debt.
'Louise is an accomplished senior executive and an original founder of VLS who
played a key role in the division's foundation and growth,' said Naeem Ghauri,
president and head of global sales for NetSol as well as chairman of VLS. 'Her
knowledge of the asset-backed industry and our customer base will be highly
valued as we work to obtain large scale business process outsourcing contracts
and build upon our strong brand in the marketplace.'
Ikonomides previously served as a regional manager for VLS in Liverpool. She
also held various positions at the company and was instrumental in opening the
North West England satellite office, which delivers specialist audit,
collections and back-office support. She joined VLS as a founding shareholder
in 1999 and played a key role in the company's foundation and growth in London.
Ikonomides also has extensive sector knowledge, including block discounting as
well as vendor and SME finance.
'VLS' reputation for discreet and exceptional efficiency, combined with the
fact that we are the only U.K.-based, asset-backed securitization servicer
rated by Fitch, positions us to build upon our market position across each of
our key verticals,' said Ikonomides. 'With the people, technology and will to
build on the success of current services, and confidence and renewed optimism
in the asset-backed market, I am very excited about our growth potential moving
forward.'
About Virtual Lease Services
Virtual Lease Services (http://www.vls.uk.com) provides complete business
process outsourcing services to the asset financing and leasing industry across
several areas, including portfolio management, distressed portfolio analysis
and recovery, standby servicing, rental programs, management services as well
as other customer-driven tailored servicing. Customers include tier-one
financial institutions, independent investment groups, funding consortiums and
boutique finance houses. VLS received a 3- ABPS servicer rating from Fitch in
August 2013 and currently is the only Fitch-rated ABS service in the U.K.
Established in 1999, VLS is a jointly-owned subsidiary of NetSol Technologies,
Inc. and Investec Asset Finance Plc.
Forward-Looking Statements
This press release may contain forward-looking statements relating to the
development of the company's products and services and future operation
results, including statements regarding the company that aresubject to certain
risks and uncertainties that could cause actual results to differ materially
from those projected. The words 'expects,' 'anticipates,' variations of such
words, and similar expressions, identify forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, but their
absence does not mean that the statement is not forward-looking. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties, and assumptions that are difficult to predict. Factors
that could affect the company's actual results include the progress and costs
of the development of products and services and the timing of the market
acceptance. The company expressly disclaims any obligation or undertaking to
update or revise any forward-looking statement contained herein to reflect any
change in its expectations with regard thereto or any change in events,
conditions or circumstances upon which any statement is based.
Investor Contacts:
PondelWilkinson
Roger Pondel | Matt Sheldon
investors(at)netsoltech.com
(310) 279-5980
Media Contact:
PondelWilkinson
George Medici | gmedici(at)pondel.com
(310) 279-5968
News Source: NASDAQ OMX
29.10.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: NetSol Technologies, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US64115A4022
WKN:
End of Announcement DGAP News-Service
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