Propalms, Inc. Receives a $10 Million Offer for Possible Acquisition From OptiCon...
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Propalms, Inc. Receives a $10 Million Offer for Possible Acquisition From
OptiCon Systems, Inc.
MALTON, England, May 18, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM), a
global provider of application delivery solutions for Terminal Services and
Virtual Desktop Infrastructures, received an offer of $10 million at 0.02c per
share from OptiCon Systems, Inc. (OTCBB:OPCN), a global provider of
communications and telecommunications software for the management of Wireline,
Wireless and fiber optic networks.
The company released the following statement, "Propalms, Inc. has signed a LOI
and is in the process of evaluating this offer that could lead to the
possibility of a sale. This could possibly be a very strategic acquisition once
we have completed a thorough due diligence process internally. As this is the
first step in a long evaluation process of determining the possibility of a
sale, the company will continue to update its shareholders through the proper
channels."
About Propalms, Inc.
Propalms, Inc. (OTCBB:PRPM) is a global provider of application delivery
solutions for Terminal Services and Virtual Desktop Infrastructures. Delivering
to enterprises of all sizes, Propalms offers reliable, scalable and affordable
solutions that simply work. Our belief is that application delivery solutions
should be flexible, dynamic and, above all, simple to use.
About OptiCon Systems
OptiCon Systems, Inc. provides Wireline, Wireless and fiber optics network
management solutions offering proprietary state-of-the-art software,
professional services and integrated systems. The Company's OptiCon Network
Manager(tm) software has been in use by companies seeking the best solution in
managing their networks for the past 10 years. For more information, please
visit www.opticonsystemsinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements covered within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and timing for
the introduction or enhancement of our services and products, statements about
future market conditions, supply and demand conditions, and other expectations,
intentions and plans contained in this press release that are not historical
fact and involve risks and uncertainties. Our expectations regarding future
revenues depend upon our ability to develop and supply products and services
that we may not produce today and that meet defined specifications. When used in
this press release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology and changes
in pervasive markets.
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CONTACT: Propalms, Inc.
info@propalms.com
http://www.propalms.com
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