SOURCE: Propalms, Inc.

November 05, 2009 09:15 ET

Propalms Inc. Increases Its Sales Transactions for the Month of October 2009 by Nearly 50 Percent as Compared to the Month of October 2008

Company Continues Growth Through Signing of New License Agreements for TSE and VPN Product

NORTH YORKSHIRE, ENGLAND--(Marketwire - November 5, 2009) - Propalms, Inc (PINKSHEETS: PRPM) is pleased to announce the Company has generated $104,205 in sales transactions for the month of October 2009 versus $69,877 in sales transactions that Propalms generated for the month of October 2008, which is nearly a 50 percent increase. The increase in sales transactions is attributed to the signing of new customers to license agreements, as well as, license renewals for Propalms TSE software.

"This has been another excellent month in sales comprising of new customer wins as well as renewal of maintenance contracts. We have a solid pipeline of new clients expressing interest in our recently released VPN solution as well, and I believe that our future sales will continue to grow. Propalms is now in a strong position to substantially increase our revenue over the next 12 months which would increase value to our shareholders," stated Robert Zysblat President of Propalms Inc.

Propalms USA, Inc.'s revenue is made up from new license sales, expansion licenses to existing customers as well as annual renewal for maintenance. The Company has made the decision to take the conservative approach that complies fully with US GAAP accounting rules. Propalms USA, Inc. accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. Revenue is based upon a subscription model and the revenue amount is deferred over the life of the license and maintenance contract. The above figures of $104,205 and $69,877 are sales transactions that were invoiced in the month of October 2009 and October 2008 respectively.

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 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.

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