NORTH YORKSHIRE, England, Sept. 30 /PRNewswire-FirstCall/ - Propalms, Inc (PRPM.PK) is pleased to announce that the board has approved that money owed in compensation due to Robert Zysblat and Owen Dukes can be exchanged for preferred C shares.

The amount of $100,000 owed to each Director has been exchanged for restricted preferred C shares. The preferred shares must be held for a minimum of 12 months before they can be converted back to common stock.

The board of directors strongly believes that current share price is undervalued and is demonstrating their beliefs by this substantial investment. This will also reflect positively on the balance sheet with a reduction of the liabilities owed to the directors.

"We are well positioned for substantial growth and our recently published quarterly accounts reflects the substantial improvement on the balance sheet" stated Robert Zysblat President of Propalms Inc

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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SOURCE Propalms, Inc.