JLNY R/M is completed
Dec 15, 2006 08:31:24 (ET)
NORTH YORKSHIRE, UK, Dec 15, 2006 (MARKET WIRE via COMTEX) -- Jenna Lane, Inc. (PINKSHEETS: JLNY) announced today that the Company has acquired United Kingdom-based Propalms Ltd. Propalms is a leader in server-based enterprise management and monitoring solutions. Propalms Ltd. generated approximately $1 million in sales transactions over the last 15 months and has over 2,000 customers worldwide utilizing their software.
Propalms Ltd. sells a software product called Terminal Service Edition, TSE, which is a complete management product for the Microsoft server-based computing environment. TSE allows users to manage and operate all their software applications centrally on their servers rather than on each individual desktop computer. TSE gives users access to any software application from any desktop or hand held device e.g. Microsoft Windows 95, XP, CE, Linux, Mac, Java.
TSE enables users to have secure remote access to their applications regardless of where they are based and in a seamless manner, without having the problems of incompatibility and software upgrades. It provides a more controlled information technology environment and both large and small users can save significant amounts of money in managing their software and hardware systems. Consequently server-based management products have become one of the growth areas of the software industry in recent years.
"We are very pleased with the recent acquisition between Propalms Ltd. and Jenna Lane, Inc. Propalms Ltd. is in the product market for Microsoft server-based computing software, also known as thin client software solutions, which is estimated to be approximately $3.5 billion," stated Owen Dukes, CEO of Jenna Lane, Inc.
Jenna Lane, Inc. will be changing its name and symbol and reincorporate in Nevada. Owen Dukes and Robert Zysblat own a majority interest in Jenna Lane, Inc. and serve as its only directors.
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. The Company disclaims any obligation to update or revise any forward-looking statements.
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