SOURCE: Propalms, Inc.

September 07, 2007 08:31 ET

Propalms, Inc. Invoices Over $107,000 in Sales Transactions in August 2007

NORTH YORKSHIRE, UK--(Marketwire - September 7, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has increased its sales transactions by 10 percent for August 2007, as compared to August 2006. In August of this year, Propalms, Inc. invoiced over $107,400 in sales transactions versus invoiced sales transactions for approximately $97,700 in August of 2006.

"I am delighted to report an increase in our sales transactions. August continues the trend over the last six months in increased sales for Propalms, Inc. The Company's August sales were particularly striking by the strength of our maintenance renewals, as well as the amount of new customer wins that are starting to purchase initial roll outs. The Company growth in sales and our ever expanding customer base is the foundation of real value for all our shareholders," stated Robert Zysblat, President of Propalms, Inc.

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.

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