PSOF - Pansoft Company
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$2.00 a share in cash no debt
First, we are a leading 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. We have developed customized ERP software systems for PetroChina Company Limited and China National Petroleum Corporation, its state-owned parent company (together, “PetroChina”) and China Petrochemical Corporation/China Petroleum and Chemical Corporation and Sinopec Group, its state-owned parent company (together, “Sinopec”), large oil companies formed when the Chinese government decentralized the oil industry in China, and their respective predecessors.
Second, based on technology and business experience accumulated from our solutions and services provided for our larger clients, we are also developing, but do not yet provide, an ERP software development platform for small-to-medium sized businesses (“SMEs”) in China. We will combine solutions developed for our most sophisticated clients with network applications available on the Internet to provide increased opportunities for SMEs to enter the ERP market. These SME solutions, named “PanSchema”, which are currently in the development stage, will be offered through an Internet-based, software-as-a-service model designed to customize cost-effective software solutions for Chinese SMEs. While Chinese SMEs represent a wide variety of industries, each with complex and unique software needs, we believe that SMEs may not be able to afford the costs associated with ERP software development offered through a traditional, consulting model. Rather, we are developing PanSchema to permit third-party business consulting companies and small information technology service providers to develop customized ERP solutions to meet the particular needs of their SME clients. We will cooperate with and train the consulting companies and information technology service providers to efficiently utilize PanSchema.
We expect, over time, to provide customized ERP software solutions to a wider variety of industries, including, but not limited to the pharmaceutical, energy and telecommunications industries. In addition, we will continue to actively develop and market PanSchema to a growing SME market throughout China. Our software solutions business is enhanced and supported by our consulting services and ongoing maintenance on existing software installations. Our principal executive offices are located at 3/f, Qilu Software Park Building, Jinan Hi-tech Zone, Jinan 250101, Shandong, People’s Republic of China. Our telephone number is (86531) 88871166. Our website address is www.pansoft.com |
