PROTEK 
By The Propalms Board of Directors also approved a capital restructuring, including the issuance of Preferred C shares in exchange of accrued liabilities to two officers of the Company and to the Company's former consulting group, which has converted its Series C Preferred Stock Shares into 10,000,000 shares of Common Stock.
"This is a further important financial step forward for the Company, and is in line with its plan for future sales expansion and profitability. The Company will continue to publish quarterly financial results and important corporate news through the Pink Sheets," stated Robert Zysblat CEO and 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 and VPN Solutions. 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.
SOURCE Propalms, Inc.
