-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JRSb+EwqP64FCCcZ+8pO2+qUUT+OTOzFtkhcaR9XoW1qLcjK1TQC+pgzXfFVK6Nf Umqt9GA+dlAItHN/BdTPBQ== 0001430452-10-000038.txt : 20101102 0001430452-10-000038.hdr.sgml : 20101102 20101102131646 ACCESSION NUMBER: 0001430452-10-000038 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101102 FILED AS OF DATE: 20101102 DATE AS OF CHANGE: 20101102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pansoft CO LTD CENTRAL INDEX KEY: 0001430452 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34168 FILM NUMBER: 101157381 BUSINESS ADDRESS: STREET 1: 3/F QILU SOFTWARE PARK BUILDING STREET 2: JINAN HI-TECH ZONE CITY: JINAN, SHANDONG STATE: F4 ZIP: 250101 BUSINESS PHONE: (86531)88871166 MAIL ADDRESS: STREET 1: 3/F QILU SOFTWARE PARK BUILDING STREET 2: JINAN HI-TECH ZONE CITY: JINAN, SHANDONG STATE: F4 ZIP: 250101 6-K 1 pansoft6k11022010.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of November 2010.
 
Commission File Number: 001-34168
 
PANSOFT COMPANY LIMITED
(Translation of registrant’s name into English)
 
3/F Qilu Software Park Building
Jinan Hi-Tech Zone
Jinan, Shandong,
People’s Republic of China 250101
86-531-88871166
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F   x         Form 40-F   ¨
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):               
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):               
 
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.    Yes   ¨     No   x
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                        .
  

 
 

 

 
 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
PANSOFT COMPANY LIMITED
 
       
Date: November 2, 2010
By:
/s/ Allen Zhang 
 
   
Allen Zhang 
 
   
Chief Financial Officer
 
   

 
 

 

 
 EXHIBIT INDEX
 
     
Number
  
Description of Exhibit
99.1
  
Pansoft Announces Share Repurchase Program
 

 
 

 


EX-99.1 2 ex99-1.htm Unassociated Document
Exhibit 99.1


 
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
Mr. Bryan Blake, Market Intelligence Executive
Phone: +1-646-833-3416 (New York)
E-mail: bryan.blake@ccgir.com

For immediate release:


Pansoft Announces Share Repurchase Program

Jinan, China, October 29, 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 its Board of Directors has authorized a share repurchase program under which the Company may acquire up to U.S. $1 million of its common shares from time to time over the next 3 months. Repurchases will be made on the open market at prevailing market prices or in block trades and subject to restrictions relating to price, volume, and timing.  Pansoft’s board has authorized its management to fund the repurchases from its available cash balance, which was $2.7 million as of June 30, 2010. In addition, Pansoft had approximately $7.4 million classified as short-term investments as of June 30, 2010.

“Given strong market demand, our aggressive growth and acquisition plans, solid financial results, and a strong balance sheet, we believe the repurchase program is an efficient use of our cash reserve and reflects our strong belief in the long-term opportunity and value of PSOF,” said Mr. Hugh Wang, Pansoft’s Chairman.  “We are committed to enhancing shareholder value and remain confident about the growth and outlook for our business.  With our new acquisitions and partnerships, we have expanded our solutions platform and geographic coverage as a part of our aggressive growth strategy.

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, and inventory control and customer relationship management. For more information, visit 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 the Company’s share repurchase program, projected financial results or strategies for 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, and the timing or extent of the announced share-repurchase program.  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.

 
 

 

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