MALTON, England, June 13, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has provided ESAB, a world leader in the production of welding and cutting consumables and equipment, with an additional order of licenses for Propalms TSE software. ESAB chose Propalms due to its cost effective solution and its ability to provide secure access from multiple locations.
ESAB has been specializing in welding and cutting products for 104 years and is best known for being one of the world's leading developers of a wide range of welding and cutting products. The company is the world's largest manufacturer of welding and cutting consumables and equipment, serving an international market of approximately ten billion dollars each year. ESAB is established in 80 countries and operates 26 manufacturing plants across four continents.
ESAB has sales offices in Singapore, Malaysia, Indonesia, South Korea, Japan and China and authorized distributors throughout the regions of Australasia, the Philippines, South Africa, Taiwan, Thailand and Vietnam. ESAB also has manufacturing operations in India, Indonesia, Korea and the latest consumables factory in Zhangjiagang, and Jiangsu Province in China.
"We are thrilled to continue our relationship with Propalms. We have multiple locations around the world, which makes it easy to use Propalms TSE; it gives our staff secure access to information anywhere in the world. Our mission is to provide our customers with cost effective solutions and Propalms has helped us accomplish just that," stated Chee Keong Or of ESAB APAC.
"This is a great addition for Propalms; we are focused on providing our customers with the most cost effective solutions. We look forward to doing business with ESAB in the future and signing additional customers in the upcoming months. Our ability to continually build our clientele illustrates the significant growth Propalms has displayed in 2008 thus far," state Owen Dukes, CEO of Propalms.
Please visit the following link to find out more information about ESAB: www.esabasia.com
Propalms recently announced the Company has completed the acquisition of vFortress, a leading security solution company. The acquisition gives Propalms the rights to all vFortress customers and property, including the worldwide IP rights and source code of a Virtual Private Network (VPN) solution. The acquisition was an all-cash transaction, which means there will be no dilution to the stock. Propalms expects Company sales to double within the next 24 months as a result of the acquisition and will rebrand the VPN product within two to three weeks.
About Propalms, Inc.:
Propalms, Inc. is a leading global provider of application delivery solutions for Terminal Services and Virtual Desktop Infrastructures. Delivering to enterprises of all sizes, Propalms offers reliable, scalable and affordable solutions that simply work. Our belief is that application delivery solutions should be flexible, dynamic and, above all, simple to use.
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.