SOURCE: Pansoft Company Limited

March 15, 2010 09:20 ET

Pansoft to Serve as Vice Chairman of China Overseas Listed Corporations Association

JINAN, CHINA--(Marketwire - March 15, 2010) - Pansoft Company Limited (NASDAQ: PSOF) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced that it has co-founded and will serve as the Vice Chairman of the China Overseas Listed Corporations Association ("COLCA" or the "Organization").

China Overseas Listed Corporations Association was established on March 7, 2010. The Organization is committed to:

--  Promote and lobby for favorable policies for overseas listed
    corporations
--  Enhance association members' commitment in compliance with the
    relevant regulations
--  Safeguard the rights of association members
--  Research and monitor capital markets activities and changing market
    conditions
--  Provide professional training to Organization members' employees on
    related public listing services
--  Cooperate with domestic and overseas institutions and professional
    service providers

"We are pleased and honored to be associated with the China Overseas Listed Corporations Association," said Hugh Wang, Pansoft's Chairman of Board. "As one of the founding members and acting vice chairman of COLCA, we will lead by example, sharpening our knowledge about the overseas capital markets and working through the comprehensive network built by so many outstanding corporations, to increase Organization's influence, encourage favorable policies and safeguard our legitimate rights."

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, and inventory control and customer relationship management.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements concerning Pansoft Company Limited, which include but are not limited to, statements regarding Pansoft's acquisition strategies, timing of development projects and efforts to achieve business growth, improvement on profit margin and anticipated revenue 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 and market acceptance of products, 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.

Contact Information