SOURCE: Propalms USA, Inc.

March 26, 2007 08:31 ET

Propalms USA, Inc. Generated Over $142,000 in Revenues for First Six Months of Operations -- as Posted on

NORTH YORKSHIRE, UK -- (MARKET WIRE) -- March 26, 2007 -- Propalms USA, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company generated $142,009 in revenues from their inception on July 12, 2005 to their fiscal year end January 31, 2006, a period of just over six months. Propalms USA, Inc. has posted their full audited GAAP financials on

Propalms USA, 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 US GAAP accounting rules. Propalms USA, 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.

Propalms USA, Inc. accumulated over $160,000 in assets from their inception through their fiscal year end January 31, 2006. The Company produced a profit of over $51,800 before administrative costs and the cost of goods sold over the same period.

"Since the company's inception this is the first time that we've provided full financial statements as a company. We're very pleased to provide our shareholders with our audited financial statements and to show a profit for the first six months that we were in business," stated Owen Dukes, CEO of Propalms USA, Inc.

Some of the worldwide companies and organizations that are utilizing their TSE software are Dow Corning, McCraken Financial Software, the State of Wyoming, Manx Telecom and Bulldog Communications, among others.

Propalms USA, Inc. recently announced that as of March 16, 2007, the Company has changed its ticker symbol to PRPM. The Company envisions the change as a simpler and easier way for investors to find the Company's information, charts and press releases.

About Propalms USA, Inc. Propalms TSE is a complete Server Based Management solution that extends Microsoft Terminal Services 2000/2003 offering features such as Application Publishing to Users, Groups, and OUs, Seamless Windows, Resource based Load balancing, Web based management console, Session management, Server Health Monitoring, Reporting, Single Port Relay, Universal Print Driver, Application Access via Desktop shortcut, Windows Start Menu or Browser-based via Application LaunchPad.

Propalms' vision is to focus on its award winning TSE software, and continue to develop innovative products for the server based global market, from the SMB to the large enterprise.

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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