SOURCE: Propalms, Inc.

February 02, 2010 08:51 ET

Propalms, Inc. Signs Letter of Intent to Acquire Controlling Interest in Growing Technology Company

Company Plans to Sell Focus Systems, Inc. to Infrared Systems International

MALTON, ENGLAND--(Marketwire - February 2, 2010) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has signed a letter of intent to acquire a controlling interest in Infrared Systems International, a growing technology company for $200 thousand to be paid on terms. According to the terms of the Letter of Intent, at closing, Propalms will sell its interest in Focus Systems, Inc., its wholly owned subsidiary, to Infrared Systems International in exchange for 3 Million restricted common shares of Infrared Systems International. According to the terms of the Letter of Intent, all of the current assets and liabilities of Infrared Systems International will be transferred into a wholly owned subsidiary of the publicly traded company, whose daily operations will be run by Gary Ball. Upon execution of a definitive agreement, which is expected to be negotiated within 30 days, all Directors and officers of Infrared Systems shall resign, and William Wright will be appointed Chairman, President and CEO of Infrared Systems.

Infrared Systems International specializes in the development of infrared imaging technology for commercial dual use applications. Their pioneer work on the development of Enhance Vision technology for the commercial aircraft industry has received international recognition. In recent years they have been engaged in the export of Infrared detector modules for medical applications in Taiwan. Their most recent project has been the development of a unique physical security system (patent pending) to provide reliable detection and classification with a high level of assurance that false alarms have been rejected.

Focus Systems, Inc. is a service orientated, desktop virtualization, remote desktop and VoIP information technology provider. Focus Systems clients do not need to purchase a server or even PCs to use their service and fully benefit from it. Focus Systems enable their clients to realize the value of being able to expense the cost of their entire service as opposed to amortizing it over the life of purchased equipment, which in many cases will be obsolete before the tax benefits are realized.

"We are excited about the relationship with Propalms as well as the possible acquisition of Focus Systems, Inc. Their technology will create opportunities in a variety of vertical markets," stated Gary Ball, President of Infrared Systems International.

"We see the deal with Infrared systems as a great opportunity for Propalms and our shareholders. We will look for strategic acquisitions as we continue in 2010. Once the sale of Focus systems is completed, Propalms will continue towards the increase of the shareholders value as well as to continue fulfilling our business plan," stated Owen Dukes CEO, Propalms Inc.

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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