ProTek Capital Inc (PRPM)

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"PRPM News" Propalms, Inc. Signs New Distribution Agreement in Netherlands to Service Growing Cloud Computing Market
http://money.cnn.com/news/newsfeeds/articles/marketwire/0595171.htm

Marketwire
March 10, 2010: 05:54 AM ET

Propalms, Inc. (PINKSHEETS: PRPM) in pleased to announce the signing of a New Distribution Agreement with Netherlands partner FuTec Systems B.V.

FuTec Systems BV have been supplying Propalms TSE for a number of years as a reseller as well as using TSE extensively themselves to deliver Software as a Service (SaaS) to a whole host of companies. With the growing trend towards cloud based computing FuTec have set up a New Distribution company, Propalms-TSE B.V. to facilitate the supply of Propalms' product line in this market space. Under the new distribution agreement, Propalms expects sales of its TSE software and other products to increase by 30% over the next eighteen months in the Netherlands.

"We have had a close relationship with FuTec Systems for a number of years and the set up of the new company, Propalms-TSE B.V. and signing of this distribution agreement was a natural progression for both companies. We are very excited about the opportunity this brings to Propalms to help us with our growth strategy during the coming months," stated Owen Dukes CEO, Propalms Inc.

"We are very pleased to formalise our relationship with Propalms through the signing of this distribution agreement. Propalms TSE has proven to be the ideal platform for delivery of applications and we look forward to being part of the growing success story," stated Leo van der Slot Director, Propalms-TSE B.V.

For more information about FuTec Systems B.V. please visit www.futec.nl

For more information about Propalms-TSE B.V. please visit www.propalms-tse.eu