LAS VEGAS, NV -- 01/11/08 --
Propalms, Inc. (PINKSHEETS: PRPM) is pleased
to announce that their shareholders overwhelmingly re-elected the board of
directors to another term at today's first annual shareholder meeting,
which was held at the Luxor hotel and Casino in Las Vegas, Nevada. CEO
Owen Dukes, President Robert Zysblat, and independent director Nakul Sood
make up Propalms board of directors. The shareholders' of Propalms also
ratified the appointment of Kabani and Company as the Company's independent
auditors.
After today's shareholder meeting, CEO Owen Dukes gave a presentation about
the Company's plans for the future. In 2008, Propalms will be launching
version 6.0 of their TSE product during the first quarter of 2008, which
will be in conjunction with Microsoft's launch of their Windows Server
2008. Mr. Dukes also emphasized Propalms growth by showing how the
Company's sales in 2007 have exceeded 2006 figures and the Company has
gained significant new customers' such as Toyota, PricewaterhouseCoopers,
Ibargi Perfecture, as well as IBM's largest system integrator in Europe.
"Some of the areas we are targeting for growth in 2008 are increasing our
partnerships, mainly becoming a Microsoft Gold ISV partner, increase our
distribution network where we have 37 distributors in 50 countries, expand
our ASP licensing scheme and complete key acquisitions," stated Owen Dukes,
CEO of Propalms, Inc.
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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Contact:
For more information, please visit:
http://www.propalms.com
or call
Investor Relations
+ 1-866-THE-APPL(E)
