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SOURCE Thinspace Technology Inc.
More Updates on Initiative Coming Soon
LAKE MARY, Fla., Feb. 25, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: VAEV; "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 is proud to announce the launch of its post-merger corporate integration and branding initiative, beginning with the change in its operating name - Vanity Events Holdings - to Thinspace Technology Inc.
Owen Dukes, Chief Executive Officer of Thinspace Technology Inc., commented, "In order to compete in the market effectively with well-branded industry giants such as Citrix, it's crucial to package, brand and align the post-merger Company cohesively under one name in a thoughtful, strategic fashion. The launch of our post-merger corporate integration and rebranding initiative begins today with the official announcement of our name change and start to all things Thinspace Technology Inc. Changing the Company's operating name was the first step of many in this strategic integration and branding initiative. We look forward to sharing with the public updates on our progress throughout this process, and to getting Thinspace Technology packaged and positioned as the competing force it is in global application delivery, virtualization, and cloud technology markets."
The Company received approval from the state of Delaware where is it registered to officially change its name to 'Thinspace Technology Inc.' and is now operating under that name in all business areas. The Company's name change is currently awaiting approval by FINRA. Once approved by FINRA, the Company will begin trading under its new name 'Thinspace Technology Inc.' The merger of Vanity Events Holdings with cloud computing company Propalms Ltd., owner of Thinspace Technology, closed in January 2014.
About Thinspace Technology Inc.
Formerly known as Vanity Events Holdings and Propalms Ltd., Thinspace Technology Inc. (OTC: VAEV) "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 leading player in application delivery, virtualization, and cloud technology markets. The Company is headquartered in Lake Mary, 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.
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