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Propalms, Inc. Generates Over $81,000 in Sales Transactions for the Month of November 2009

^{Published on 2009-12-09 06:47:05 - Market Wire}
 

NORTH YORKSHIRE, ENGLAND--(Marketwire - December 9, 2009) - Propalms, Inc. (PINKSHEETS: [ PRPM ]) is pleased to announce that the Company has generated $81,529 in sales transactions for the month of November 2009 versus $63,149 in sales transactions that Propalms generated for the month of November 2008, which is a 29 percent increase. The increase in sales transactions is attributed to the signing of existing customers to maintenance and support agreements for its TSE software product, as well as, sales of Propalms recently released new version of its VPN software. Some of the clients the Company has signed include Toyota Motor Asia Pacific Engineering & Manufacturing Co. Ltd., DTDC, Senico, and Inter Access, amongst others.

"This has been an excellent month comprising of Toyota's as well as other existing customers' commitment to our software with the renewal of maintenance contracts. I am also pleased with the interest that is starting to build for our latest version of our VPN software," stated Robert Zysblat, President, Propalms, Inc.

Propalms USA, Inc.'s revenue is made up from new license sales, expansion licenses to existing customers as well as annual renewals for maintenance. The Company has made the decision to take the conservative approach that complies fully with US GAAP accounting rules in recognizing these revenues. Propalms, Inc. accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. Revenue is based upon a subscription model and the revenue amount is deferred over the life of the license and maintenance contract. The above figures of $81,529 and $63,529 are sales transactions that are invoiced in the month of November 2009 and November 2008 respectively.

About Propalms, Inc.:

Propalms, Inc. ([ www.propalms.com ]) is a global provider of application delivery and secure remote access 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.

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.