MALTON, England, July 1, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has signed a new distribution agreement with Y-B Initiatives & Projects, which specializes in developing and improving IT solutions for diverse companies. Y-B Initiatives & Projects plans to distribute Propalms' TSE software, enabling Propalms to expand its outreach to the Middle East, a previously untapped geographical market for the Company.
Y-B Initiatives & Projects operates primarily in Israel and Romania, and is expanding into other countries. Its clients include: Storwize, a data compression specialist based in Israel; Encore-USA, a networking solutions company; and Chip PC, a leading manufacture of low-cost, centrally-managed computers. Y-B Initiatives & Projects also works with leading computer equipment manufacturers including HP, IBM, Dell and Acer, specializing in the deployment of full IT environments to enhance performance and reduce maintenance costs.
"Our clients span the Middle East with a wide range of target markets, and TSE offers an effective solution that is applicable to networks of all sizes. In today's IT market, accessibility, manageability and cost-effectiveness are paramount to keeping systems up and running effectively," stated Yaniv Beeri, Owner and Manager of Y-B Initiatives & Projects.
"Every organization has different needs and limits, and Y-B Initiatives & Projects provides creative solutions to companies in all sectors. Our technologies will benefit their customers, and we are proud to be working with such a successful young company in their segment. We have continued to exceed our expectations through 2008, and we are delighted to add another distributor to our growing list," stated Owen Dukes, CEO of Propalms, Inc.
Please visit the following link to find out more information about Y-B Initiative and Projects: www.ybp.co.il.
Propalms recently announced the Company has filed Form 10QSB with the Securities and Exchange Commission, reporting its First Quarter 2008 financial statements. Please visit the following link to view Propalms' Form 10QSB filed on June 16, 2008: http://biz.yahoo.com/e/080616/prpm.pk10qsb.html.
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.