SOURCE: Propalms, Inc.

October 13, 2009 08:31 ET

Propalms, Inc. Continues Growth by Signing Letter of Intent to Acquire U.S. Based Technology Company for $200,000

Acquisition Will Enable Propalms to Add to Its Product Portfolio and Expand Customer Base

NORTH YORKSHIRE, ENGLAND--(Marketwire - October 13, 2009) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce the Company has signed a letter of intent with Focus Systems, Inc. to acquire the company in return for $200,000 in preferred stock of Propalms, Inc. Both sides expect the definitive agreement to be finalized within the next thirty days after the due diligence period is completed. William Wright will remain as President of Focus Systems, Inc., once the deal is finalized.

Focus Systems, Inc. is a vertically integrated desktop virtualization and voice over IP (VOIP) provider. Focus Systems' business model is to keep an organization's entire process in-house by utilizing their own servers and support staff to handle their clients' networking needs. The company's clients are mainly small and medium sized businesses who are able to utilize Focus Systems' solution to lower their costs of maintaining servers, hiring or maintaining an IT staff, and to avoid purchasing costly PCs that become obsolete in a few years.

"Our relationship with Propalms will enable Focus Systems to fulfill our mission in becoming the premier Desktop Virtualization Company for small and medium sized businesses not only in the Northwestern United States, but across the country," stated William Wright, President of Focus Systems, Inc.

"Focus Systems will enable Propalms to grow and expand our product offering as well as expand our customer base in the United States," stated Robert Zysblat, President Propalms, Inc.

About Focus Systems, Inc.:

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. For more information, please visit www.focus-sys.com.

About Propalms, Inc.:

Propalms, Inc. is a global provider of application delivery 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. For more information, please visit www.propalms.com

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Contact:
    Investor Relations
    Big Apple Consulting USA, Inc.
    1-407-389-5900