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Tuesday, September 14, 2010 4:21:03 AM
Your speculation is annoying at best
http://www.newsystocks.com/news/3678859
Malton, North Yorkshire - (WORLD STOCK WIRE) - September 7, 2010 -- Propalms, Inc. (OOTC:PRPM) (PINKSHEETS: PRPM) is pleased to announce that the Company has launched a new corporate strategy for the remainder of 2010 as part of a plan to increase shareholder value. The first step in the Company's new corporate strategy was the signing of a worldwide marketing and sales agreement between Propalms' wholly owned subsidiary, Propalms Ltd., a UK corporation, and the newly formed Propalms International Ltd, a Nevada corporation.
Propalms International will be responsible for overseeing the daily marketing, sales, and distribution network of Propalms software product line, which includes Propalms TSE 6.0, Propalms VPN, and Propalms VDI, and in return will pay a royalty on the revenue generated by the current and future products.
All of the product development will still be handled by Propalms UK Ltd.
Propalms, Inc. will now focus on buying and selling technology companies. Propalms, Inc. plans on each successful spin off or sale transaction to reward its shareholders. Propalms, Inc. will mainly be targeting to acquire small technology companies that have a solid product, but just need the appropriate resources to bring their product to market or increase sales of their product. Propalms, Inc. is currently negotiating with a number of possible acquisition targets as part of its new business focus.
Propalms, Inc. will start the process to change its name to reflect its new direction as part of its new strategy.
"The Board of Directors and the management of Propalms, Inc. feel that our new business strategy will enable us to increase shareholder value through key acquisitions and at the same time reward shareholders with a progressive dividend plan," stated Robert Zysblat, President of Propalms, Inc.
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