SOURCE: Propalms, Inc.

November 16, 2007 08:31 ET

Propalms, Inc. Files Form 10-SB With SEC to Uplist to OTC Bulletin Board

NORTH YORKSHIRE, UK--(Marketwire - November 16, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has filed the Form 10-SB registration statement with the Securities and Exchange Commission (SEC) to become a fully reporting company. The Form 10-SB is a 1934 Act filing to return the Company to a current position in its SEC reporting, which will allow Propalms to apply to trade its shares on the NASDAQ Bulletin Board exchange after the registration statement is effective.

The Company took a major step towards uplisting to a higher exchange by posting its second year of audited financial statements on

Propalms increased sales of its TSE software by approximately 400 percent for its fiscal year ending January 31, 2007, compared to its fiscal year ending January 31, 2006. The 10-SB will become effective by rule in 60 days and the company anticipates its shares can begin trading on the Bulletin Board during the first quarter of 2008.

"With the filing of the 10SB, Propalms, Inc. will soon become a reporting company. This progress reflects our commitment to our stockholders. We are also proud of the strength of our business model, the market leadership of our product line, the support of our clients and stockholders, and the incredibly hard work of our employees. We believe these two major events are exemplary of our commitment to build shareholder value," stated Owen Dukes, CEO of Propalms, Inc.

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 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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