MALTON, England, April 3, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has achieved record sales transaction volume. The Company increased its sales transactions by 45 percent for March 2008, which generated $99,186, as compared to March 2007, which generated $68,216. The significant increase can be attributed to additional customers, such as Inter Access, AFE Holdings and Visionquest, amongst others, and increased license renewals and maintenance contracts with existing customers.
"The fact that we have increased our sales transactions by such a significant amount for March 2008, as compared to March of last year, demonstrates the robust continued growth for Propalms. The company is focusing on increasing the customer win rate that will reflect a larger share of the market in 2008," stated Robert Zysblat, President of Propalms, Inc.
Propalms is pleased to announce that the Company was invited by Microsoft to attend the 2008 Microsoft Launch Wave Event at the Dallas Convention Center in Dallas on April 8, 2008. Propalms will be exhibiting its TSE software in the Microsoft Partner Pavilion. The Company was invited to join a series of launch events to celebrate Microsoft's new Windows Server 2008, Visual Studio 2008 and SQL Server 2008.
Propalms' revenue is derived from new license sales, expansion licenses to existing customers, as well as annual renewals of licenses and maintenance contracts. The Company has made the decision to take the conservative approach that complies fully with U.S. GAAP accounting rules. Propalms, Inc.'s accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. Revenue is based upon a subscription model and the revenue amount is deferred over the life of the license and maintenance contract.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.