Vanity Events Holding Inc. (OTCBB: VAEV) Announces Purchase of Propalms Ltd

Jan 08, 2014, 07:30 ET from Propalms Limited

LAKE MARY, Fla., Jan. 8, 2014 /PRNewswire/ -- Vanity Events Holding Inc (OTCBB: VAEV) is today announcing that the company has acquired all the common stock of the cloud computing company Propalms Ltd. Propalms develops software productivity solutions that allow its customers secure access to centrally managed Desktops or Software Applications.  Propalms cloud computing solutions help IT and service providers build both private and public clouds, leveraging virtualization and networking technologies to deliver high-performance, elastic and cost-effective services for mobile workstyles. Propalms Limited Corporation was founded in October 2001 and launched sales in July 2005.

Vanity Events Holding Inc will be applying to FINRA to immediately change its name to Thinspace Technology Inc. 

Vanity Events Holding Inc today also announced the appointment of Owen Dukes as Chief Executive Officer and to the Company's Board of Directors. Mr. Robert Zysblat has been appointed as President and to the Company's Board of Directors. Philip Ellett has resigned as CEO and Chairman of Vanity Events Holding, Inc.

"With this acquisition and these two new appointments Vanity Events has added seasoned computer executives whose experience, skill set and network directly complement that of the Company's new direction," said Philip Ellett, former CEO and Chairman of Vanity Events Holding Inc. "Owen Dukes and Robert Zysblat, Co-Founders of Propalms, bring years of hands-on experience and innovative ideas in the Cloud Computing Market."

"I am delighted to be asked to join the Vanity Board," said Owen Dukes CEO. "I am very excited about the new direction of the company and the enormous market potential of the Propalms productivity workspace, and I look forward to continuing to build a successful company around our fast growing market."

For more information on Propalms, visit: http:/propalms.com

About Propalms Ltd.

Propalms Limited are a global provider of application delivery and secure remote access solutions for Terminal Services and Virtual Desktop Infrastructures. Delivering to Enterprises of all sizes we offer 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.

Propalms is passionate for understanding and solving our customers' problems. We are determined to be a world-class vendor, an outstanding partner, and a superior investment for our shareholders. Propalms is dedicated to providing quality support and a passion for robust, reliable and scalable software at affordable prices. With over 3000 customers and partners worldwide, Propalms is now recognized as a leading player in the Server Based Computing market.

About Vanity Events Holding, Inc.

Vanity Events is a Holding Company whose mission is to acquire and develop diverse businesses with innovative products or services while maintaining synergistic partnerships and relationships.

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, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.

SOURCE Propalms Limited



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