SOURCE: Pansoft Company Limited

September 24, 2009 08:51 ET

Pansoft Receives "Excellent Solution Provider for the Oil Industry" Award as Pansoft CEO Is Named "Outstanding Entrepreneur" by the China Software Industry Association

WESTPORT, CT--(Marketwire - September 24, 2009) - Pansoft Company Limited (NASDAQ: PSOF) today announced that both the company and its CEO received awards at the 25th Anniversary Celebration of the China Software Industry Association on September 19, 2009, in Foshan City, Guangdong Province. During the 2009 China (Nanhai) Software and Service Outsourcing Summit, Pansoft received the "Excellent Solution Provider for the Oil Industry." Mr. Guoqiang Lin, CEO of Pansoft, was recognized as the "Outstanding Entrepreneur" of the software industry. The event was hosted by the China Software Industry Association, Guangdong High-Tech Service Zone for Financial Institutions and Nanhai Economic Development Zone.

Attending the award ceremony and celebration were many key government officials. Prominent among them were Mr. Guo Jianbing, Mr. Zhang Qi, Mr. Chen Chong and Mr. Hu Kunshan. Mr. Guo Jianbing is the Deputy Director of the Ministry of Industry and Information Technology Software Service. Mr. Zhang Qi serves as Deputy Director of the Ministry of Industry and Information for Electronic Technology Science and Technology as well as Chairman of China Information Industry Chamber of Commerce. Mr. Chen Chong is the President of the China Software Industry Association and Mr. Hu Kunshan is the Vice Chairman and Secretary General for the China Software Industry Association. There were also more than 400 international delegates representing pertinent software and service outsourcing enterprises, major industry users, venture capital funds, education and training institutions, industry associations, and well-known media participating in the Summit and celebration.

The China Software Industry Association recognized 25 outstanding executives and companies that have had a significant contribution in promoting the development of China's software industry over the past 25 years. A series of surveys were conducted in June 2009 and the awards were finalized in September. Through the careful selection, Pansoft (Jinan) Company Limited received the "Excellent Solution Provider for the Oil Industry" award and Mr. Guoqiang Lin, CEO of the company, received the "Outstanding Entrepreneur" title.

At the award ceremony, Mr. Lin said, "Pansoft is committed to bringing the most advanced IT technologies to the enterprise operations and management practices, and the company will continue to create the best industry solutions to benefit all customers." Mr. Hugh Wang, Chairman of Pansoft, said, "I'm excited that our company received the Excellent Solution Provider for the Oil industry award and Guoqiang was named the Outstanding Entrepreneur by the China Software Industry Association. These recognitions should help us promote our solutions and push them to a broader market. They also demonstrated that Pansoft's brand is recognized by more people."

About the China Software Industry Association

The China Software Industry Association (CSIA), founded on September 6, 1984 as the sole representative of China's software industry, was voluntarily formed by enterprises and individuals engaged in software research and development, publication, sales and training. Registered in the Ministry of Civil Administration and with a nationwide first-class corporate legal representation qualification, CSIA is the unique representative of China software industry.

About Pansoft Company Limited

Pansoft is a leading enterprise resource planning ("ERP") software and professional services provider for the oil and gas industry in China. Its ERP software offers comprehensive solutions in various business operations including accounting, order processing, delivery, invoicing, inventory control and customer relationship management.

Mr. Hugh Wang, Chairman of Pansoft's Board of Directors and Mr. Allen Zhang, Pansoft's CFO, were interviewed by CEOCFO magazine. Please see the detailed interview at: http://ceocfointerviews.com/interviews/PSOF-Pansoft.htm

Forward-Looking Statements

This press release contains forward-looking statements concerning Pansoft Company Limited, which include but are not limited to, statements regarding Pansoft's development strategies and business growth. The actual results may differ materially depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, and additional competition from existing and new competitors, changes in technology or product techniques, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. Pansoft Company Limited undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

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