Propalms, Inc. Positioned for Profitability - Company Reduces Net Loss by Approximately $1,000,000 for Period End July 31

Posted 15th September 2009

NORTH YORKSHIRE, England – September 15, 2009 Propalms, Inc. (PRPM.PK) is pleased to announce that the Company has taken a major steps towards profitability. Propalms management has reduced expenses dramatically and as a result, Propalms decreased its Net Loss by approximately $1,000,000.
Sales of the Company's TSE software generated $469,610 in revenue for 6 months ending July 31, 2009. Propalms increased its Gross Profit from Software sales from $174,498 in 2008 to $354, 405 in 2009. During the same period the Company reduced its Net Loss from ($1,303,645) to just ($386,768) fro period ending July 31, 2009.

“Propalms management believes that we are now well positioned for profitability. We have reduced overhead significantly and we are now ready to show tangible results to our shareholders,” stated Robert Zysblat, President of 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. The Company has made the decision to take the conservative approach that 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.
The full explanation is detailed in the financial accounts, which can be found on www.pinksheets.com.

About Propalms, Inc.:
Propalms, Inc. 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.
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.
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For more information, please visit:
http://www.propalms.com

Source: Propalms, Inc.