SOURCE: Propalms, Inc.

August 13, 2009 08:31 ET

Propalms, Inc. Turns the Corner Financially in July

MALTON, ENGLAND--(Marketwire - August 13, 2009) - Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company, after completing a major corporate restructuring, achieved a profit for July 2009 of $78,321 U.S. unaudited.

"This is a significant financial step forward for the Company, and is in line with its plan for future sales expansion," stated Owen Dukes, COO of Propalms, Inc. "Propalms during the last year incurred major administrative costs as an OTC reporting company that will not reoccur since the Company elected to delist from the OTC Bulletin Board in June. The Company will continue to publish financial results and important corporate news through the Pink Sheets, and will continue to account to its stockholders quarterly and continue its practice of conducting quarterly conference calls with all interested shareholders," stated Robert Zysblat, CEO of Propalms Inc.

Propalms' revenue is derived from new license sales, the expansion of licenses with existing customers, as well as annual renewals of licenses and maintenance contracts. Propalms, Inc.'s revenue recognition is recorded in accordance with Software Revenue Recognition SOP 97-2 and US GAAP accounting principles, which management considers to be the most conservative method of accounting. Revenue is based upon a subscription model, whereby revenue is deferred over the life of the license and maintenance contract.

About Propalms, Inc.:

Propalms, Inc. is a global provider of application delivery and secure remote access solutions for Terminal Services and Virtual Desktop Infrastructures and VPN Solutions. 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.

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.

Contact Information