SOURCE: Propalms, Inc.

December 05, 2007 08:31 ET

Propalms, Inc. Invoices Over $147,000 in Sales Transactions in October 2007

NORTH YORKSHIRE, UK--(Marketwire - December 5, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has increased its sales transactions by approximately 38 percent for October 2007, as compared to October 2006. In October of this year, Propalms, Inc. invoiced $147,699 in sales transactions versus $105,920 during the same month last year.

"I am delighted to report an increase in our sales transactions. The Company's October sales were particularly striking by the strength of our maintenance renewals, as well as the amount of new customer wins that are starting to purchase initial roll outs. The Company growth in sales and our expanding customer base is the foundation of real value for all of our shareholders," stated Robert Zysblat, President of Propalms, Inc.

Propalms' revenue is made from new license sales, expansion licenses to existing customers, as well as annual renewals of licenses for maintenance. The Company has made the decision to take the conservative approach that complies fully with U.S. GAAP accounting rules. Propalms, Inc.'s 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 are sales transactions that are invoiced in the current months.

About Propalms, Inc.:

Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.

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.

To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit and download your FREE copy of Big Apple ComPro.

Contact Information