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Pansoft Company Limited Initial Public Offering of 1,200,000 Common Shares Priced at $7.00 Per Share

JINAN, China, Sept. 5 /PRNewswire-FirstCall/ -- Pansoft Company Limited ("Pansoft") today announced that its initial public offering of 1,200,000 common shares is being priced at $7.00 per share. The common shares will be listed on the NASDAQ Capital Market and will trade under the symbol "PSOF" beginning September 9, 2008.

Anderson & Strudwick, Incorporated ("A&S") is the sole placement agent for the offering. A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission on August 12, 2008. Pansoft issued placement agent warrants to A&S to purchase up to 120,000 common shares exercisable at $8.40 per share for a period of four years following the closing of the initial public offering. The offering will be made only by means of the written prospectus forming part of the effective registration statement. Copies of the prospectus relating to this offering may be obtained by contacting: L. McCarthy Downs III, Anderson & Strudwick, Incorporated, 707 East Main Street, 20th Floor,Richmond, VA 23219, 804-643-2400 or mdowns@andersonstrudwick.com.

About Pansoft Company Limited

Pansoft is a holding company that holds all of the outstanding capital stock of Pansoft (Jinan) Co., Ltd., its operating subsidiary based inJinan, China. Pansoft is a developer of enterprise resource planning ("ERP") software and professional services for participants inChina's oil and gas industry. ERP software addresses various facets of business operation including accounting, order processing, delivering, invoicing, inventory control and customer relationship management.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

SOURCE Pansoft Company Limited

Tags: ,FIN,CPR,STW,OIL,WRK,OFR,Pansoft-offer-shares
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