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Pansoft Announces Shareholder Resolutions Adopted at 2010 Annual General Meeting

^{Published on 2010-07-02 05:11:06 - Market Wire}
 

JINAN, CHINA--(Marketwire - July 2, 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 the following shareholder resolutions were adopted at its annual general meeting of shareholders held on June 30, 2010:

• Mr. Tony C. Luh and Mr. Samuel Shen were reelected as directors of the Company for three year terms; and

• The appointment of AGCA, Inc. as the Company's independent registered public accounting firm was ratified for the fiscal year ending June 30, 2011.

At the annual general meeting, Pansoft's executives discussed the Company's growth strategy, business outlook and financial performance. The Company's management and Board members also hosted a Q&A session from analysts and investors after the formal presentation.

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 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, the Company's ability to successfully integrate its business acquisition, 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.