MALTON, England, May 18, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM), a global provider of application delivery solutions for Terminal Services and Virtual Desktop Infrastructures, received an offer of $10 million at 0.02c per share from OptiCon Systems, Inc. (OTCBB:OPCN), a global provider of communications and telecommunications software for the management of Wireline, Wireless and fiber optic networks.
The company released the following statement, "Propalms, Inc. has signed a LOI and is in the process of evaluating this offer that could lead to the possibility of a sale. This could possibly be a very strategic acquisition once we have completed a thorough due diligence process internally. As this is the first step in a long evaluation process of determining the possibility of a sale, the company will continue to update its shareholders through the proper channels."
About Propalms, Inc.
Propalms, Inc. (OTCBB:PRPM) 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.
About OptiCon Systems
OptiCon Systems, Inc. provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. The Company's OptiCon Network Manager(tm) software has been in use by companies seeking the best solution in managing their networks for the past 10 years. For more information, please visit www.opticonsystemsinc.com.
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