ProTek Capital Inc (PRPM)

[MikeBr]

News for 'PRPM' - (Propalms, Inc. to Host Nationwide Teleconference on September 29, 2010 Company to Update Shareholders on New Corporate Strategy and Recent Developments)


MALTON, ENGLAND, Sep 16, 2010 (MARKETWIRE via COMTEX) -- Propalms, Inc.
(PINKSHEETS: PRPM) is pleased to announce that the Company will be hosting its
Nationwide Teleconference on Wednesday, September 29, 2010 at 4:15 p.m. EDT to
update shareholders and the financial community on recent developments and its
new corporate strategy. Participating in the Propalms Nationwide Teleconference
will be Owen Dukes, CEO of Propalms, and Robert Zysblat, President of Propalms.
The Company will discuss Propalms' recent sale of its subsidiary, its focus for
the remainder of 2010, and potential acquisition candidates.

Propalms recently announced that in a private transaction the Company has sold
its wholly owned subsidiary, Propalms Ltd., in a transaction 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 $0.01 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 expand small technology companies
that the Company acquires. Propalms has started the process to change its name
to better reflect its new direction as part of its new strategy.

There is expected to be a high demand for the call-in lines for this Nationwide
Teleconference and space will be limited. Please call [phone] today to
reserve your place and receive the information that will enable you to
participate in the conference. If you would like to suggest a question to be
asked during the teleconference, please email your question to
[e-mail].

"We have made great strides in 2010 and feel it is extremely important to
discuss with the investment community where Propalms is headed for the remainder
of the year and throughout 2011," stated Owen Dukes, CEO of Propalms, Inc.

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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