We see the deal with Infrared systems as a great opportunity for Propalms and our shareholders. We will look for strategic acquisitions as we continue in 2010. Once the sale of Focus systems is completed, Propalms will continue towards the increase of the shareholders value as well as to continue fulfilling our business plan
Spring, TX (PRWEB) February 2, 2010
The proposed transactions are subject to the execution of a definitive agreement and the fulfillment of certain other conditions.
IFRS specializes in the development of infrared imaging technology for commercial dual use applications. Their pioneer work on the development of Enhance Vision technology for the commercial aircraft industry has received international recognition. In recent years they have been engaged in the export of Infrared detector modules for medical applications in Taiwan. Their most recent project has been the development of a unique physical security system (patent pending) intended to provide reliable detection and classification with a high level of assurance that false alarms have been rejected.
Focus Systems, Inc. is a service orientated, desktop virtualization, remote desktop and VoIP information technology provider. Focus Systems clients do not need to purchase a server or even PC’s to use their service and fully benefit from it. Focus Systems enable their clients to realize the value of being able to expense the cost of their entire service as opposed to amortizing it over the life of purchased equipment, which in many cases will be obsolete before the tax benefits are realized.
"We are excited about the relationship with Propalms as well as the possible acquisition of Focus Systems, Inc. Their technology will create opportunities in a variety of vertical markets,” stated Gary Ball, President of Infrared Systems International.
“We see the deal with Infrared systems as a great opportunity for Propalms and our shareholders. We will look for strategic acquisitions as we continue in 2010. Once the sale of Focus systems is completed, Propalms will continue towards the increase of the shareholders value as well as to continue fulfilling our business plan,” stated Owen Dukes CEO, Propalms Inc.
About Propalms, Inc.:
Propalms, Inc. is a global provider of application delivery and secure remote access 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.
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. IFRS disclaims any obligation to update or revise any forward-looking statements.
Infrared Systems International
15. N. Longspur Drive
The Woodlands, TX 77380
Tel: (310) 213-2143, Fax: (832) 442-3027