Pansoft Company Limited Initial Public Offering of 1,200,000 Common Shares Priced...

* Reuters is not responsible for the content in this press release.

Fri Sep 5, 2008 3:47pm EDT

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 in Jinan,
China.  Pansoft is a developer of enterprise resource planning ("ERP")
software and professional services for participants in China'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

Allen Zhang, CFO of Pansoft Company Limited, (86531) 888-711-66,
a2zonly@163.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.