MALTON, England, March 6, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM) is pleased to announce that the Company unaudited figures in the month of January generated $110,848 in sales transactions. Propalms increased its sales transactions for January 2009 by 43 percent as compared to January 2008, when the Company generated $77,403 in sales transactions for the month. The increase in sales transactions is due to Propalms' increased global presence over the past fifteen months.
The Company's TSE 6.0 is now being used by organizations across Europe, North America, Asia, and most recently in Mainland China.
"The growth rate of the Company can be largely attributed to its new customers generated by the expansive distribution network Propalms has set up throughout the world. In these difficult economic times, corporations and government entities are looking for solutions that are cost effective and help their organizations run more efficiently," stated Robert Zysblat, President of Propalms, Inc.
Propalms' revenue is made from new license sales, expansion licenses to existing customers, as well as annual renewals of maintenance and support contracts. The Company complies fully with U.S. GAAP accounting rules. Propalms, Inc.'s accounts are based on revenue recognition in accordance with Software Revenue Recognition SOP 97-2. Revenue is based upon a subscription model and the sales transaction amount is deferred over the life of the license and maintenance contract.
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.
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.