SOURCE: Propalms, Inc.

September 14, 2007 08:31 ET

Propalms, Inc. Posts Over $256,000 in Revenues in First Quarter 2007 -- as Posted on

NORTH YORKSHIRE, UK--(Marketwire - September 14, 2007) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company has posted its unaudited first quarter financial statements for the three-month period ending April 30, 2007. Propalms, Inc. generated net revenues of $256,519 and a gross profit of $97,177 over the three-month period.

The Company also increased its asset base to over $1,400,000 the first quarter ending April 30, 2007. Propalms, Inc.'s revenues were generated from new and existing customers who signed up for new licenses as well as maintenance contracts. Some of the companies and organizations that are utilizing its revolutionary TSE software are Dow Corning, McCraken Financial Software, the State of Wyoming, Manx Telecom and Bulldog Communications, and Pricewaterhouse Coopers.

The financials were prepared by the Company's independent auditor, Mr. Mark Murphy, C.P.A. Mr. Murphy is licensed in both Florida and California. The posting of the Company's unaudited financials is in preparation for Propalms to uplist to the OTC Bulletin Board or a higher exchange.

"These financial statements are an accurate reflection of the progress that we have made this year. We continue to exceed expectations as more customers are purchasing Server Based Computing software," stated Owen Dukes, CEO of Propalms, Inc.

Propalms, 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 U.S. GAAP accounting rules. Propalms, Inc. accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. The full explanation is detailed in the financial accounts.

To view Propalms, Inc.'s unaudited first quarter financial statements, please visit:

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 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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