MALTON, England, May 23, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has renewed maintenance on 220 Propalms TSE licenses for VisionQuest, Inc., a Canadian information technology company that has been using Propalms TSE for a number of years.
Established in 2000, VisionQuest, Inc. is a professional services company that specializes in: management and information technology consulting; application and server hosting and management; as well as desktop support services. One of the reasons VisionQuest initially chose Propalms TSE as its software solution was for its ability to roll out new applications to over 1,000 users in minutes.
"Over the past few years Propalms TSE has proven to be a solid application delivery solution, that's provided us with all of the benefits one expects from a top shelf thin client solution. We didn't hesitate to renew our licenses and look forward to our continued success as part of the ever growing number of Propalms TSE customers," stated Desmond Lecky, Managing Partner of VisionQuest, Inc.
"Maintenance renewals make up a significant portion of our customer base and have exponentially grown our revenue as new customers ultimately sign renewal contracts and stay devoted customers," stated Owen Dukes, CEO of Propalms, Inc.
To find out more information about VisionQuest, please visit: http://www.vision-quest.ca/index.htm.
Propalms recently announced that 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 we offer 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.