SOURCE: Propalms, Inc.

August 17, 2010 09:10 ET

Propalms, Inc. Distributes Stock Dividend

MALTON, ENGLAND--(Marketwire - August 17, 2010) -  Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company completed mailing out stock certificates of Infrared Systems International to its shareholders on the payout date, August 16th, that held shares of Propalms, Inc. as of the Record Date of July 16, 2010. The mail out will be for restricted shares to those shareholders who held their shares in Propalms, Inc. in certificate form. Shareholders, who held their shares in their broker account in "house name," should see the new shares deposited into their account within the next week to ten days. The dividend shares are restricted and are governed under SEC Rule 144.

Eligible shareholders, who are receiving their shares in certificate form and who do not receive their Infrared Systems shares after ten days, may contact Investor Relations at the number below. They will assist in verifying your eligibility and the correct mailing address. If current shares of Propalms are held in a Brokerage account and are not credited within 10 business days, contact your broker.

Propalms recently announced that the Company sold its wholly owned subsidiary, Focus Systems, Inc., to Infrared Systems International, in return for $2,280,000 which was paid in the form of 3,000,000 restricted common shares of Infrared Systems stock, based on a per share price of $0.51, plus $750,000 worth of Infrared Systems preferred shares valued at $1.00 per share. In addition, based on the terms of the agreement, Propalms will have an option to purchase an additional $250,000 of preferred shares for up to two years. 

"We are very pleased to be able to reward our loyal shareholders with this dividend," stated Robert Zysblat, President of, Propalms Inc. "They will now receive ownership in a dynamic company that is focused on developing and marketing unique solutions for a variety of vertical markets."

About Infrared Systems International:

Infrared Systems International through its two wholly owned subsidiaries offers unique solutions and applications for a variety of industries. Focus Systems, Inc. (www.focus-sys.com) offers services and solutions in the VOIP and remote desktop arenas. Infrared Systems (subsidiary) specializes the development of infrared imaging for the aircraft and government sectors. Their pioneering work on the development of Enhance Vision technology for the commercial aircraft industry has received international recognition. In recent years they have been engaged in the export of Infrared detector modules for medical applications from Taiwan. Their most recent project has been the development of a unique physical security system (patent pending) to provide reliable detection and classification with a high level of assurance that false alarms have been rejected.

About Propalms, Inc.:

 Propalms, Inc. (www.propalms.com) is a global provider of application delivery and secure remote access 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.

Safe Harbor:
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.

Contact Information