SOURCE: Propalms, Inc.

September 07, 2010 08:31 ET

Propalms, Inc. Launches New Corporate Strategy for the Remainder of 2010

UK Subsidiary Signs Worldwide Sales and Marketing Agreement as Part of Corporate Strategy

MALTON, ENGLAND--(Marketwire - September 7, 2010) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has launched a new corporate strategy for the remainder of 2010 as part of a plan to increase shareholder value. The first step in the Company's new corporate strategy was the signing of a worldwide marketing and sales agreement between Propalms' wholly owned subsidiary, Propalms Ltd., a UK corporation, and the newly formed Propalms International Ltd, a Nevada corporation.

Propalms International will be responsible for overseeing the daily marketing, sales, and distribution network of Propalms software product line, which includes Propalms TSE 6.0, Propalms VPN, and Propalms VDI, and in return will pay a royalty on the revenue generated by the current and future products.

All of the product development will still be handled by Propalms UK Ltd.

Propalms, Inc. will now focus on buying and selling technology companies. Propalms, Inc. plans on each successful spin off or sale transaction to reward its shareholders. Propalms, Inc. will mainly be targeting to acquire small technology companies that have a solid product, but just need the appropriate resources to bring their product to market or increase sales of their product. Propalms, Inc. is currently negotiating with a number of possible acquisition targets as part of its new business focus.

Propalms, Inc. will start the process to change its name to reflect its new direction as part of its new strategy.

"The Board of Directors and the management of Propalms, Inc. feel that our new business strategy will enable us to increase shareholder value through key acquisitions and at the same time reward shareholders with a progressive dividend plan," stated Robert Zysblat, President of Propalms, Inc.

About Propalms, Inc.:

Propalms, Inc. (www.propalms.com) 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: 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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