ORLANDO, Fla., Jan. 30, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM) is pleased to announce that their shareholders overwhelmingly re-elected the board of directors to another term at today's second annual shareholder meeting, which was held at the Hilton Orlando/Altamonte Springs Hotel. The Company's CEO, Owen Dukes, and President, Robert Zysblat, along with independent outside director Nakul Sood, continue to make up Propalms' board of directors. The shareholders of Propalms also ratified the appointment of Kabani and Company as the Company's independent auditors.
After today's shareholder meeting, Owen Dukes gave a presentation about the Company's plans for the future, as well as summarized the solid growth that the Company achieved during 2008. Propalms announced version 6.0 of their TSE product during the first quarter of 2008, which, in conjunction with Microsoft's launch of their Windows Server 2008, was well received in the IT community. During 2008, Propalms sold a total of 25,974 new licenses of their TSE software, including 3470 new licenses in December.
Mr. Dukes also emphasized Propalms' plans to leverage their sales growth over the last two years to establish a strong foundation and sales momentum for 2009. Mr. Dukes also stated that Propalms has just concluded its strongest sales quarter to date.
"Some of the areas that we continue to target for growth in 2009 are to increase our partnerships, increase our distribution network, expand our ASP licensing and complete key acquisitions. The worldwide economy will benefit Propalms as more Companies are looking for more cost effective solutions," stated Owen Dukes, CEO of Propalms, Inc.
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.
For a copy of the Propalms Power Point presentation from the shareholders meeting please contact Big Apple Consulting at 1-866 THE APPL(E).
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.