SOURCE: Propalms, Inc.

April 29, 2010 08:39 ET

Propalms, Inc. Increases Gross Profit by 97 Percent for Its Fiscal Year Ending January 31, 2010 as Compared to Its Fiscal Year Ending January 31, 2009

Company Generates $741,597 in Gross Profit for Its Fiscal Year Ending January 31, 2010

MALTON, ENGLAND--(Marketwire - April 29, 2010) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has posted a gross profit of $741,597 for its fiscal year ending January 31, 2010 as compared to a gross profit of $376,450 for the fiscal year ending January 31, 2009, a 97 percent increase. Propalms generated $962,049 in revenue for its fiscal year ending January 31, 2010 as compared to $882,119 in revenue the Company posted for the same period, prior year. Propalms' increase in revenue and gross profit is due to the Company converting one of Citrix's largest customers, Reliance AD Group in India, over to Propalms' TSE software product and the rollout of the Company's new Virtual Private Network (VPN) product. Propalms' Pink OTC Markets Annual Disclosure Statement and fiscal year ending January 31, 2010 financial statements are now posted on www.pinksheets.com.

Propalms posted total assets for its fiscal year ending January 31, 2010 of $1,178,370 as compared to total assets of $612,406 for the same period ending January 31, 2009, an increase of 92 percent. The increase in Propalms' asset base during the year is due in part to the advancements made in its software product line. During the year, Propalms released its new VPN solution, upgraded its TSE 6.0 to support Microsoft's Windows R2 product, and is currently finalizing the development of Propalms' Virtual Desktop Infrastructure (VDI). Propalms is expecting to generate at least $1 Million in the next year from global sales of its new VPN 3.5 application. Propalms' revamped product line has enabled the Company to maintain strong relationships with Toyota, PricewaterhouseCoopers, Reliance India and Microsoft. 

"We are excited about the strides our organization has made over the past year in a depressed economy. We feel that we will be able to steadily increase our revenues and asset base over the next year," stated Owen Dukes, CEO, Propalms, Inc.

To see Propalms' OTC Markets Annual Disclosure Statement and fiscal year ending January 31, 2010 financial statements, please visit www.pinksheets.com.

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.

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