SOURCE: Propalms, Inc.

January 02, 2008 08:31 ET

Propalms, Inc. Signs Contract With Kolektor, for Remotely Accessing Applications in Argentina

NORTH YORKSHIRE, UK--(Marketwire - January 2, 2008) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has signed a significant contract through its distributor for Argentina and Chile SRB, with Kolektor which has adopted Propalms TSE in its process of collecting rents for Ministry of Finances of the Province of Cordoba in Argentina.

"We're very pleased to be working with Kolektor. Our TSE software will allow them to better serve its customer base and allow them to work behind the scenes to deliver information to its clients when they need it without complications," stated Owen Dukes, CEO of Propalms, Inc.

"Thanks to Propalms TSE we have rationalized and simplified all the management of debt received from Interior rents. Before implementing the software, the management was transacted via a central office; Propalms has increased the speed of recovery by three to four days," explained Mr. Luis Balbuena, Manager of Systems of Kolektor.

About Kolektor:

The Ministry of Finances of the Province of Cordoba in Argentina outsourced its IT infrastructure to Kolektor in May 2004, this contract was awarded for the period of ten years.

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.

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