SOURCE: Propalms, Inc.

April 08, 2010 08:29 ET

Propalms, Inc. Plans to Gain Significant Market Share in the $5.8 Billion Virtual Applications Market as Stated During Nationwide Teleconference

MALTON, ENGLAND--(Marketwire - April 8, 2010) -  Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that over the course of the 2009 fiscal year the Company released a new version of its Virtual Private Network (VPN) and upgraded to TSE 6.0, which supports Microsoft's Windows R2 product. Propalms plans to generate over $1 Million in revenue through the global sales of its new VPN 3.5, which will help the Company gain significant market share in the $5.8 Billion virtual applications +market. During the Company's nationwide teleconference yesterday, Owen Dukes, CEO of Propalms, was able to update the financial community about Propalms VPN software growth within the Virtual Applications Market, its continued relationships with PricewaterhouseCoopers, VMware, Toyota and Microsoft; the Company's goal to continue to develop products in line with Microsoft's latest operating systems, as well as the status on the release date of Propalm's Virtual Desktop Infrastructure (VDI) software product. Robert Zysblat, President of Propalms, Inc. discussed the Company's recent 32% monthly sales increase compared to the previous corresponding year, status of its sale of Focus Systems, Inc. and what the impact of the pending sale will have on the Company and its shareholders. 

Mr. Dukes explained how Propalms has opened two new offices in India and has steadily increased the global sales of its TSE and VPN products, especially in the India, Japanese and U.S. markets. The Company has upgraded TSE 6.0 in order to specifically support Microsoft's release of its Windows R2 product, Microsoft's latest operating system. As a Microsoft Gold Partner, it is the Company's goal to continue to develop products in line with Microsoft's latest operating systems, such as Windows 7 and to continue its partnership with Microsoft.

Mr. Dukes also mentioned during the nationwide teleconference that Propalms has received multiple purchase orders from Reliance ADA Group, which was one of Citrix's largest customers and has around 40,000 PCs. Mr. Dukes discussed the Company's continued relationships with Toyota and PricewaterhouseCoopers as well. Currently the U.S. market makes up 35% of Propalms business and in order to strengthen its foothold in the U.S. Market Propalms will be opening an office in Orlando, FL that will be run by Mr. Dukes. 

Robert Zysblat, the President of Propalms, explained that Propalms has signed a letter of intent to sell 100 percent of its interest in its wholly subsidiary Focus Systems, Inc. to Infrared Systems International (IFRS), an OTCQB company. Mr. Zysblat expects that Propalms will be announcing news updating the financial community shortly on this deal, which according to Mr. Zysblat "will be very beneficial to not only the Company but to all our loyal shareholders as well." Mr. Zysblat also mentioned during the Nationwide Teleconference that Propalms originally acquired its software with a development cost of $42 million that took 4 years to develop by the company Tarantella that was acquired by Sun Micro Systems. Mr. Zysblat discussed how the Company is considering meeting the OTC Markets requirements to qualify for its OTCQX market tier. The OTCQX is for growth companies such as Propalms that desire a future listing on the NASDAQ or NYSE.

"We are looking to grow our revenue significantly in the near future by taking advantage of our strong global distribution network as well as through possible acquisitions," stated Owen Dukes, CEO of Propalms, Inc.

A replay of Propalms nationwide teleconference will be posted shortly at the Company's website:

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.

Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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