MALTON, England, Nov. 21, 2008 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM) is pleased to announce that following its successful clearance to begin quotation on the OTC Bulletin Board, the Company will be implementing plans to move to a higher exchange, as stated during its nationwide teleconference held on November 20th. The nationwide teleconference featured Propalms' CEO, Owen Dukes, and President, Robert Zysblat. During the teleconference, Mr. Zysblat was able to point out that trading on a higher exchange would help Propalms increase shareholder value, expose the Company to a greater number of brokers and investors, as well as enabling Propalms to complete additional mergers and acquisitions. Mr. Zysblat also mentioned that Propalms will be holding their annual shareholders meeting in Orlando, Florida on January 30, 2009.
During the nationwide teleconference, Mr. Dukes discussed the significance of the Company's two new software products: the TSE 6.0 and Propalms' VPN. The TSE Version 6.0 has approximately 150 features and is compatible with Microsoft server 2000, 2003 and 2008 platforms. The product is easy to install and some of the features include Web-based management and a virtual desktop management tool. These features enable customers to virtualize PCs themselves. TSE 6.0 is one of the only terminal server management products that allow banks and financial organizations in Europe and the United States to be fully compliant with industry standards.
Mr. Zysblat explained that Propalms TSE 6.0 is cost competitive, cheaper to install and more "user friendly" than Citrix. These key features have provided Propalms a competitive advantage to convert former Citrix customers to Propalms over the past twelve months.
The Company's rebranded VPN product, which was acquired through the acquisition of vFortress, will provide secure remote access for small and large enterprises without any restrictions on the amount of users logging in remotely. Since the applications are managed centrally by Propalms VPN, operational costs are reduced and network security is improved.
Mr. Dukes mentioned that, to date, Propalms has approximately 3,000 clients and the Company is able to sell to clients from 5 to thousands of users. Propalms has several new distributors, which were recently signed, including Getech in the United Kingdom, YB Initiative and Products in Israel, Unidirect in Spain, ITBC in Poland, Liontech in Kenya, CR Connect in Costa Rica, TVG in Estonia, Teqdis in India and S-Inn in Germany. The Company is looking to double their worldwide distribution and has pending contracts for distributors in Holland, Sweden and India, as well as an additional signed distributor in Australia. The increase in the number of distributors has had a dramatic effect on Propalms' revenue along with a significant increase of business in their "pipeline."
"As we build and expand our distribution network worldwide, we are looking to increase our relationships with Independent Software Vendors (ISV) where Propalms' products will enable them to deliver their applications to any device in any location, even over the Internet. We are also continuing to focus on building on our relationships with key customers such as Toyota, Price Waterhouse Coopers and Toshiba," stated Owen Dukes, CEO of Propalms, Inc.
"The plans for the future of Propalms in 2009 are for the Company to continue to increase its customer wins, as well as renew maintenance on existing customers and growing the Company's revenue. It is the long term strategy of Propalms to eventually move to a higher exchange," stated Robert Zysblat, President of Propalms, Inc.
To listen to the nationwide teleconference in its entirety, please visit: http://www.propalms.com.
About Propalms, Inc.:
Propalms, Inc. is a 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.