SOURCE: Propalms, Inc.

September 29, 2010 08:35 ET

Propalms, Inc. to Host Nationwide Teleconference Today

Company to Update Shareholders on New Corporate Strategy and Recent Developments

MALTON, ENGLAND--(Marketwire - September 29, 2010) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company will be hosting its Nationwide Teleconference today, Wednesday, September 29, 2010 at 4:15 p.m. EDT to update shareholders and the financial community on recent developments and its new corporate strategy. Participating in the Propalms Nationwide Teleconference will be Owen Dukes, CEO of Propalms, and Robert Zysblat, President of Propalms. The Company will discuss Propalms recent sale of its subsidiary, its focus for the remainder of 2010, sales forecast for the remainder of the year, and potential acquisition candidates. If you would like to participate in the Nationwide Teleconference with Propalms at 4:15 PM EDT today, please dial 1-800-871-9060, pass code 943301958#.

Propalms recently announced that it has signed a non-binding letter of intent to acquire 100 percent of the shares of Acute Systems Consulting LLC, a South Florida IT solutions firm, in exchange for $200,000 to be paid in restricted shares of National Energy Services Company valued at $.05 per share. National Energy Services Company is currently trading at $.0163 per share. Propalms received the shares when the Company sold its wholly owned subsidiary in a previous transaction.

"We are looking forward to today's Nationwide Teleconference," stated Owen Dukes, CEO of Propalms, Inc. "This is a great venue for us to share information with our shareholders and discuss Propalms growth over the last year and our plans for increasing our market presence during 2010."

About Propalms, Inc.:

Propalms, Inc. is a technology incubator company that acquires small and medium sized revenue generating corporations and helps them grow utilizing their global distribution and reseller network, as well as providing strong management and capital.

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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