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Alias Born 05/30/2006

Sunday, September 30, 2007 7:12:43 PM

Re: None

Post# of 11543
PRPM update: detailed shares structure :

Situation Apr 30 2007:

Hey guys, the company is hiring Big Apple for 2 YEARS ! But they are only receiving 40,000,000 shares. So i am relieving you some worry :).

Stockholders' equity: 500,000,000 shares authorized; Shares issued and outstanding : 438,130,782 .
Preferred stock : 20,000,000 shares authorized ; Shares issued and outstanding : 0 .

OS: composed of :
-Restricted = 28 M + 243,75 M (= 271,750,000 restricted untill Dec 12 2007)
-Restricted and held in escrow : 133,833,334 ( restricted untill Dec 12 2007)
-Total Restricted : 405,583,334 shares


Read Details of those shares purpose below:

---

The following issued shares are restricted for one year following the reverse merger (from December 12th 2006):

Issued in exchange for services and cash 28,000,000

Issued in exchange for shares in Propalms Ltd 243,750,000

In addition the shares held in the Escrow account bear the same restriction .


Maintenance Revenue
The maintenance support revenue has increased by more than 50% in the current financial period and the renewal rate from customers has been over 90%. The company believes that in the upcoming financial year, the maintenance contract revenue will continue to grow as new customers are implementing the TSE application.
A total of 133,833,334 shares have been placed into an Escrow account in order to settle services rendered/to be rendered to the Company

Big Apple Consulting, USA
The company has retained the services of Big Apple Consulting, USA over a two year period to manage Investor relations.
Big Apple Consulting, USA has agreed to accept ordinary stock in exchange for these services at the prevailing offer price. A total of 40,000,000 shares have been set aside in the Escrow account for these purposes and will be released monthly at the price prevailing at the date of release.
...
...
I, Robert Zysblat, do hereby certify that I was responsible for the preparation of the statements and that such statements, and the notes thereto, present fairly, in all material respects, the financial position of the issuer and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.

September 13, 2007 /s/ Robert Zysblat
Robert Zysblat, President

Infos Source : http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11896

+ http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=10580

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