SOURCE: Pansoft Company Limited

March 14, 2011 08:00 ET

Pansoft's Japan Joint Venture Unaffected by Earthquake

JINAN, CHINA--(Marketwire - March 14, 2011) - Pansoft Company Limited ("Pansoft" or the "Company") (NASDAQ: PSOF), a leading ERP software service provider for the oil and gas industry in China, today announced that its joint venture in Japan remains unaffected by the devastating earthquake and tsunami and expects to continue normal business operations. 

Pansoft-Japan was established by Pansoft with its Japanese partner in June 2010. The venture maintains an office in Osaka and a training program conducted in Okinawa, with 28 trainees and four managers dispatched from China on short-term assignments. "We believe that the flow of orders from the venture's key customer also continues without impact or suspension due to the disaster," said Mr. Tingbing Zhang, President of Pansoft-Japan.

"Pansoft extends its deepest sympathy to the victims of the tragic earthquake and tsunami. At the same time, I want to reassure Pansoft's business partners that we expect no major impact on our operations," said Mr. Hugh Wang, Pansoft's Chairman. "Our thoughts remain with the people of Japan during this difficult time."

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 for various business operations including accounting, order processing, delivery, invoicing, inventory control, and customer relationship management. For more information, go to Pansoft's website at http://www.pansoft.com.

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 ability to expand its service offerings and maintain leadership as a provider of ERP software and services for the oil and gas industry in China. 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, the Company's ability to successfully integrate acquisitions, its ability to repurchase shares, share-repurchase plans, 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

  • Company Contact:
    Pansoft Company Limited
    Allen Zhang
    Chief Financial Officer
    Phone: +86-531-8887-1159
    E-mail: allen.zhang@pansoft.com

    Investor Contact:
    CCG Investor Relations
    Mr. John Harmon, CFA
    Sr. Account Manager
    Phone: +86-10-6561-6886 Ext. 807 (Beijing)
    E-mail: john.harmon@ccgir.com