SOURCE: Propalms, Inc.

December 10, 2007 08:31 ET

Propalms, Inc. Increases Sales Transactions 12% in November 2007

NORTH YORKSHIRE, UK--(Marketwire - December 10, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has increased its sales transactions by 12 percent for November 2007, as compared to November 2006. In November of this year, Propalms, Inc. invoiced over $76,278 in sales transactions versus invoiced sales transactions of $68,106 in November of 2006. The increase in sales transactions also includes increased license renewals and maintenance contracts.

"I am pleased by the continuing increase of our year to year sales in November, a traditionally quiet month. The focus is to expand our enterprise wins, and stay on track to see continued accelerated growth figures over the next year," stated Robert Zysblat, President of Propalms, Inc.

Propalms, Inc.'s annual shareholder meeting will be held on Friday, January 11, 2008, at 10:00 a.m. PST at the Luxor Hotel in Las Vegas, Nevada. Shareholders that would like to reserve a room at the hotel to attend the shareholder meeting should contact the Luxor Hotel at 888-777-0188 or 702-262-4444. The Luxor Hotel is located at 3900 Las Vegas Boulevard, South Las Vegas, Nevada, 89119. Propalms' shareholder meeting will be held in the Nile Chamber C.

Propalms' revenue is made from new license sales, expansion licenses to existing customers, as well as annual renewals of licenses for maintenance. The Company has made the decision to take the conservative approach that complies fully with U.S. GAAP accounting rules. Propalms, Inc.'s 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 are sales transactions that are invoiced in the current months.

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.

To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit and download your FREE copy of Big Apple ComPro.

Contact Information