Thinspace Technology Promotes Paul Gittens to Director of Sales for UK and Northern Europe

PORT ORANGE, Fla., Dec. 18, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCQB: THNS; "Thinspace or the "Company"), 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 is pleased to announce that it has promoted Paul Gittens as its new Director of Sales for the UK and Northern Europe where he will concentrate on business development and expanding channel sales beginning December 2014. He will be based out of Manchester, UK.

Paul, an experienced channel sales professional, has a number of notable wins throughout his career. For Thinspace, these wins include £2.5 million Central Government deal which named the Company the first SME to secure a deal of that magnitude with such a high profile government project; the establishment of a channel of value added resellers in the UK with Pan European operations; securing product entry into NHS, Universities / Schools, Central & Local government, Local Councils and many corporate organizations; also instrumental in securing Technology Strategy Board grants from the UK Government, to continue the development of strategic software.

For Relisys Ltd., he led creation of a new sales division and development of a reseller channel for New Plasma and LCD TV product set in the UK and in Europe. There, Paul grew revenues from initial 180K per annum to over 15 million within 3 years, while building a direct channel with Walmart (ASDA) and many other high street names providing multiple thousand unit deals.

Chris Bautista, Chief Executive Officer of Thinspace, commented, "An enthusiastic, self-motivated professional committed to positive approach to work, Paul Gittens has shown that exceptional response to challenges and the ability to withstand pressure and meet required deadlines. He is an out-of-the-box thinker who is able to understand our customers' requirements and apply his experience to develop innovative and effective solutions. We are happy to have him lead our UK and Northern European sales efforts where his extensive experience in desktop virtualization solutions will prove instrumental in growing our presence in these key markets."

Thinspace Technology operates in high growth B2B markets of desk top virtualization and cloud computing solutions – which make it easier, more flexible and more affordable for companies and IT Managers to conduct and streamline computing operations securely from any server - anywhere in the world.  Thinspace achieved third quarter 2014 revenue of $2.322 million, and nine months ended September 30, 2014 revenue of $5.701 million, representing year-over-year improvements of 464% and 479%, respectively.

Gartner research predicts the global desk top virtualization market to surpass $65 billion in 2015.

About Thinspace Technology Inc.

Thinspace Technology Inc. is a leading, global provider of reliable, scalable and affordable desk top virtualization and cloud computing solutions to public and private sector enterprises and organizations of all sizes. Operating on the belief that 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. With over 5,000 enterprise customers worldwide, the Company is recognized as leading provider in its market with  customers that include NASA, PWC, Deutsche Bank, Toyota, as well as NHS, local councils, universities, schools, and housing associations. The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India.

For more information on Thinspace, please visit www.thinspace.com and/or sign up for Company news alerts delivered right to your inbox. For industry related news and updates, be sure to follow Thinspace on Facebook, Twitter, and LinkedIn.

Forward-Looking Statements:

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, 2013.

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SOURCE Thinspace Technology Inc.

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