MALTON, England, March 17, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has increased its sales transactions by 23 percent for February 2008, which generated $79,909, as compared to February 2007, which generated $65,114. The increase in sales transactions is a result of increased license renewals and maintenance contracts, as well as significant customer wins, such as Mercedes-Benz of Anaheim, the Alzheimer's Association, AFE Holding, Virginia Commonwealth University Health System, TTNI Asia and Sound Solutions.
"This increase in sales transactions year on year demonstrates the growing value of TSE in the market. We expect with the recent release of TSE in conjunction with Microsoft's release of Windows Server 2008, and our current prospects, this positive trend will continue. These increases are indicative of our success as a company as we work hard to obtain a larger portion of the market for server-based computing," 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 licenses and maintenance contracts. 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. Revenue is based upon a subscription model and the revenue amount is deferred over the life of the license and maintenance contract.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
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.