SOURCE: Propalms, Inc.

August 16, 2007 08:31 ET

Propalms, Inc. Increases Sales Transactions in July of 2007 by 68% as Compared to July 2006

NORTH YORKSHIRE, UK--(Marketwire - August 16, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has increased its sales transactions for July of 2007 by 68 percent as compared to July of 2006. In July of 2007, Propalms, Inc. generated $84,414 in sales transactions as compared to $50,284 in July of 2006.

In July of 2007, Propalms won a number of major new customers. Some of the organizations and companies include Toshiba Personal Computer, Mercedes-Benz of Laguna Niguel and Anaheim, and Bulldog Communications. Some of the large enterprise organizations that are starting to utilize the Company's TSE software around the world are Toyota Group, PricewaterhouseCoopers Canada, and the PCA Corporation, one of Japan's leading accountancy software companies.

"I am delighted to report the continuing upward trend each month of our sales transactions. We still are in the early stages of our growth and we are focusing on the acceleration of our revenue percentage growth through our new enterprise customer wins," stated Robert Zysblat, President of Propalms USA, Inc.

Propalms USA, Inc.'s revenues are made up from new license sales, expansion licenses to existing customers, as well as annual renewal 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 USA, 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 USA, 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 http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.

Contact Information