MALTON, England, May 19, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM). Propalms is pleased to announce that it has appointed Aquiline Group as its new Investor Relations Firm as of May 1st, 2009.
Aquiline Group is to provide Propalms proven multifaceted techniques to increase its market valuation, liquidity and name recognition. Since appointing Aquiline Group, Propalms price per share has increased over 200%.
"We are delighted to appoint the Aquiline Group and their team of highly experienced and professional employees," Owen Dukes, CEO of Propalms stated.
"Aquiline Group is very excited about the opportunity to work alongside Propalms as their investor relations firm. It's only a matter of time before Propalms begins to grow exponentially and increase its market share. With the current state of the economy and the need for an alternative, yet proven and credible solution in the thin client server based computing market, Propalms stands in a position of great strength," stated James Hellwarth, President of Aquiline Group.
Aquiline Group is a proactive, performance driven firm that measures its own success in terms of the success of its clients and partners. Its team includes a core network of professionals with direct experience working with and managing publicly traded companies, including: attorneys specialized in securities compliance, regulatory issues and corporate governance; accountants with extensive experiences in public audits; financial consultants able to provide structuring and presentation solutions and marketers using the latest investor communication techniques. In addition, Aquiline Group maintains an in-house promotions floor endowed with top tier account representatives who build relationships with brokers from all the major brokerage houses around the nation. Aquiline Group deals directly with the brokerage community and does not contact or solicit individual investors. Please visit www.aquilinegroup.com for more information.
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.