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Propalms, Inc. Increases December 2009 Sales Transactions by 46 Percent as Compared to December 2008 Sales Transactions

^{Published on 2010-01-07 06:40:33 - Market Wire}
 

NORTH YORKSHIRE, ENGLAND--(Marketwire - January 7, 2010) - Propalms, Inc. (PINKSHEETS: [ PRPM ]) is pleased to announce the Company has generated $135,937 in sales transactions for the month of December 2009 versus $92,887 in sales transactions that Propalms generated for the month of December 2008, which is a 46 percent increase. The increase in sales transactions is primarily attributed to the signing of existing customers to maintenance and support agreements for its TSE software product, as well as the signing of new customers through the Company's strong global distribution network. Propalms has also increased awareness of its new VPN product, which can be downloaded through VMWare's website: [ http://www.vmware.com/appliances/directory/268943 ].

"This is a positive way to finish 2009 for Propalms. We are very pleased with the response our product line is getting through our distributors such as Tridex Systems, Global DBL, and Focus Systems, amongst others," stated Robert Zysblat, President, Propalms, Inc.

Propalms, Inc.'s revenue is made up from new license sales, expansion licenses to existing customers as well as annual renewal for maintenance and support agreements. 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. 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 $135,937 and $92,887 reflect sales transactions that are invoiced in the month of December 2009 and December 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.