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Propalms, Inc. : Propalms, Inc. Completes Acquisition of Focus Systems, Inc.

^{Published on 2009-10-22 08:08:55 - Market Wire}
 

NORTH YORKSHIRE, ENGLAND--(Marketwire - October 22, 2009) - Propalms, Inc. (PINKSHEETS: [ PRPM ]) is pleased to announce the Company has completed the acquisition of Focus Systems, Inc., a fast growing "cloud" computing company. The acquisition was valued at $225,000 and the purchase price is to be paid in restricted shares of Propalms, Inc. common stock, based upon a per share value of $0.03. William Wright will remain as President of Focus Systems, Inc.

Management believes that this technology has a multi-million dollar market potential for Propalms, and with its strategic relationships worldwide, the Company believes that they can fast track bringing the technology to market. Focus Systems, Inc. is a vertically integrated desktop virtualization and voice over IP (VOIP) provider. Focus Systems' business model is to keep an organization's entire process in-house by utilizing their own servers and support staff to handle their client's networking needs. The company's clients are mainly small and medium sized businesses who are able to utilize Focus System's solution to lower their costs of maintaining servers, hiring or maintaining an IT staff, and to avoid purchasing costly PC's that become obsolete in a few years, essentially allowing their customers to operate in a "cloud."

"I am excited about the relationship with Propalms. Their distribution and sales channels worldwide will enable Focus Systems to develop a whole new level of clients," stated William Wright, President of Focus Systems, Inc.

"This is a great opportunity for Propalms to expand our product offering in this very exciting growth market space. The acquisition of Focus Systems will bring added value our shareholders and the Company as a whole," stated Robert Zysblat, President, Propalms, Inc.

About Focus Systems, Inc.:

Focus Systems, Inc. is a service orientated, desktop virtualization, remote desktop and VoIP information technology provider. Focus Systems clients do not need to purchase a server or even PC's to use their service and fully benefit from it. Focus Systems enables their clients to realize the value of being able to expense the cost of their entire service as opposed to amortizing it over the life of purchased equipment, which in many cases will be obsolete before the tax benefits are realized. For more information, please visit [ www.focus-sys.com ].

About Propalms, Inc.:

Propalms, Inc. is a global provider of application delivery solutions for terminal services and virtual desktop infrastructures. 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. For more information, please visit [ www.propalms.com ]

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.