SOURCE: Propalms, Inc.

February 04, 2010 09:21 ET

Propalms, Inc. Increases Sales Transactions by 34 Percent for the Six Months Ending January 31, 2010 as Compared to the Same Period for the Prior Year

Increase in Sales Transactions for the Period Due to Increased Customer Wins

MALTON, ENGLAND--(Marketwire - February 4, 2010) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has increased its sales transactions for the six months ending January 31, 2010 by 34 percent as compared to the same period last year.

Propalms generated $631,231 in sales transactions for the six months ending January 31, 2010 as compared to sales transactions of $471,186 for the six months ending January 31, 2009. The increase in sales transactions for the period is due to the increase in licenses to existing customers and new customer wins and the launching of Propalms' new VPN software.

Propalms continues to grow and sign new customers through the Company's strong global distribution network. Propalms has also increased awareness of its new VPN product, which can be downloaded through VMWare's website:

"I am pleased with the results being achieved by Propalms. We expect to continue this upward trend and convert more customers over to our TSE and VPN product lines," stated Robert Zysblat, President of Propalms, Inc.

Propalms, Inc.'s revenue is made up from new license sales, expansion licenses to existing customers as well as annual renewal for maintenance and support agreements. The Company has made the decision to take the conservative approach that complies fully with US GAAP accounting rules. Propalms USA, Inc. accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. Revenue is based upon a subscription model and the revenue amount is deferred over the life of the license and maintenance contract. The above figures of $631,231 and $471,186 reflect sales transactions that are invoiced for the six months ended January 31, 2010 and January 31, 2009 respectively.

About Propalms, Inc.:

Propalms, Inc. 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.

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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