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Pansoft Independent Directors Purchase Company Common Stock in Open Market

Posted on: Mon, 31 Aug 2009 08:30:00 EDT

Symbols: PSOF

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JINAN, China, Aug 31, 2009 (BUSINESS WIRE) --
PSOF | Quote | Chart | News | PowerRating -- Pansoft Company Limited (NASDAQ: PSOF), a leading ERP software service
provider for oil and gas industry in China, today announced its
independent board of directors purchased over 17,000 shares of Pansoft
common stock in the open market.

In the last two weeks, all three independent board members, Paul Gallis,
Tony Luh and Samuel Shen have purchased Pansoft common stock of 5,000
shares, 3,100 shares and 9,300 shares, respectively. These purchases in
the open market demonstrated the board members' strong support and
enthusiasm for the company. The insider purchases were furnished with
the SEC.

Board member Samuel Shen commented, "The undervaluation of Pansoft's
stock was the result of my purchase. I believe that the company's strong
management and technical professionals bode well for the success of
Pansoft. I am excited about the company's growth prospects and under
these circumstances my investment in the company at this time was very
compelling in my view."

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.

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 acquisition strategies, timing of
development projects and efforts to achieve 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 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.

SOURCE: Pansoft Company Limited


Pansoft Company Limited 
Allen Zhang, +86-531-8887-1159 
allen.zhang@pansoft.com 
or 
Great Wall Research LLC 
Sheena Shen, +1-203-252-7266 
sshen@greatwallresearch.com

For full details on Pansoft Company Limited (PSOF) PSOF. Pansoft Company Limited (PSOF) has Short Term PowerRatings at TradingMarkets. Details on Pansoft Company Limited (PSOF) Short Term PowerRatings is available at This Link.

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