ProTek Capital Inc (PRPM)

[MikeBr]

News for 'PRPM' - (Propalms, Inc. Sells Wholly Owned Subsidiary for $2.3 Million)


MALTON, ENGLAND, Sep 15, 2010 (MARKETWIRE via COMTEX) -- Propalms, Inc.
(PINKSHEETS: PRPM) is pleased to announce that in a private transaction the
Company has sold its wholly owned subsidiary, Propalms Ltd., in a share exchange
valued at $2.3 Million, which is comprised of 100 Million shares of the common
stock of National Energy Services Company, Inc., an Over the Counter Bulletin
Board Company trading at $0.01c per share on the date of sale and the assumption
of $1.3 Million in debt from the balance sheet of Propalms, Inc. This
transaction is part of Propalms' new corporate strategy to increase shareholder
value by utilizing its global network in order to help small technology
companies that the Company acquires expand.

Propalms Ltd. is a United Kingdom corporation that develops and sells secure
remote access solutions for Terminal Services and Virtual Desktop
Infrastructures on a worldwide basis through its distribution partners.

National Energy Services Company, Inc. has two wholly owned subsidiaries, Green
IT and Propalms International Ltd. Green IT sells, services and trains clients'
personnel on cloud computing software to integrate, manage and maintain medium
sized IT departments' migration. They also train clients to implement and
maintain deployed virtualization, storage and utilization of cloud computing
technology.

Propalms International has a worldwide license agreement with Propalms Ltd. to
sell and market all of Propalms Ltd. software product line, which includes
Propalms TSE 6.0, Propalms VPN, and Propalms VDI, and any new applications that
are being developed.

"We are excited about this transaction and feel that based on our new corporate
strategy, we will start to increase shareholder value and reward shareholders
with a progressive dividend plan," stated Robert Zysblat, President of Propalms,
Inc.

For complete details of the transaction, please visit
http://www.otcmarkets.com/stock/PRPM/financials to view Propalms recently posted
Quarterly Statement.

Propalms, Inc. has started the process to change its name to better reflect its
new direction as part of its new strategy.

Safe Harbor: 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.





Contact:

For more information, please visit:

http://www.propalms.com

OR

Investor Relations

1-407-389-5900





SOURCE: Propalms, Inc.




CONTACT: http://www.propalms.com/




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SUBJECT CODE: Computers and Software:Internet

Computers and Software:Hardware

Computers and Software:Networking

Computers and Software:Peripherals

Computers and Software:Software



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