PORT ORANGE, Fla., March 13, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: THNS; "Thinspace or the "Company"), formerly known as Vanity Events Holdings and Propalms Ltd., a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes, today announced that it will be consolidating and relocating its sales office in Lake Marie, FL, Redwood City, CA and Fort Lauderdale, FL and its headquarters in Lake Marie, FL to The Pavilion at Port Orange in Port Orange, FL to accommodate post-merger growth.
The Company's consolidation and relocation plan focused on combining all of its US operations, employees and sales offices into one facility expected to result in a significant reduction of its operating cost over the long-term. With 12 employees initially stationed at the new headquarters, Thinspace expects to grow to 25-30 employees within 12 months comprised of the Sales Team, Technical Support Team, Executive Team and Corporate Back office in addition to warehousing all of the its products. The Pavilion at Port Orange was selected for its location and easy access to its transport links, as well as its expansive commerce center encompassing over 550,000 square feet of commercial retail and office space.
Owen Dukes, Chief Executive Officer of Thinspace Technology Inc., commented, "Beginning in March, our sales offices will be consolidated and moved to our new headquarters in Port Orange, Florida. We are focused on streamlining our sales, technical support and back office teams under one roof and boosting our cohesion as a Company. After much searching and even more cost-analysis, The Pavilion at Port Orange was selected as the best candidate capable of meeting the company and its customers' needs following the merger, and also is large enough to warehouse all of our products. We are excited for the move and look forward to the significant long-term cost savings this relocation will bring as well as increased satisfaction our loyal customers will receive with faster single responses from one centralized unit."
About Thinspace Technology Inc.
Formerly known as Vanity Events Holdings and Propalms Ltd., Thinspace Technology Inc (OTC: THNS) "Thinspace" is a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes. Operating on the belief that application delivery and cloud computing solutions should be flexible, dynamic and above all, simple to use, Thinspace understands and is passionate about solving customer problems affordably in the most efficient and effective manner possible. The Company's list of private and public sector customers include NASA, PWC, Deutsche Bank, Toyota, as well as, NHS, local councils, universities, schools, and housing associations. With over 5,000 enterprise customers worldwide, Thinspace is recognized as a leading player in application delivery, virtualization, and cloud technology markets. The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India. For more information on the Company, please visit www.thinspacetechnology.com.
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.
SOURCE Thinspace Technology Inc.