June 10, 2009 (FinancialWire) — Propalms Inc.’s (OTCBB: PRPM) board of directors determined that the initial offer of $10 million (at $.02 per share) received from OptiCon Systems, Inc. (OTCBB: OPCN) should be rejected.

Owen Dukes, CEO of Propalms Inc., stated, “This offer did not reflect what we believe is the true valuation of our business. If an offer were to be accepted from anyone, it would have to be in the best interests of Propalms as well as our shareholders. This offer does not meet our corporate objectives nor the value we place on our company. With our global distribution network, multiple global contracts, recent distributor/customer acceptance and the industries future growth prospects, we felt that the offer did not reflect a true valuation of our business.”

Dukes concluded by stating, “Our board will continue to review any offers received in the future, giving them due consideration, as we did in this case, but will reject any which are not calculated to increase shareholder value.”

Propalms, Inc. is a global provider of application delivery solutions for terminal services and virtual desktop infrastructures.

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