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Legacy Traditional Schools to Continue Utilizing Thinspace's (OTC: THNS) Virtualization Products in New District Schools

PORT ORANGE, Fla., April 7, 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 is pleased to announce that Legacy Traditional School District (LTSD), currently comprised of 8 different campuses throughout the state of Arizona, will continue to utilize and deploy Thinspace's Pano VDI solutions in new schools joining their district this summer.

Growing at an exceptional rate, LTSD is now educating more than 8000 students who experience a well-rounded education that includes reading, writing, mathematics, science, social studies, history, music, art and physical education, with extracurricular activities include athletics, clubs, and daily tutoring. It has earned an "A" ranking for the third consecutive year due to academic achievements of its students and the dedication of its highly effective teachers.

LTSD has been a customer of Thinspace since June 2012. Darren Soto of LTSD commented, "Through the use of Pano VDI technology, we are able to deploy an entire school within one day versus several days using conventional Server/PC architecture. We are also highly satisfied with the reliability and support it has offered and the ability to administer the school as a whole from a single remote dashboard. It is an enormous time saver. We look forward to continuing our partnership for future deployments."

"We're pleased to continue our relationship with another highly satisfied customer - LTSD. Whether they are a small business or large school district, Thinspace's Pano is an efficient and effective solution to meet their virtualization needs," stated Owen Dukes, Chief Executive Officer of Thinspace Technology.

Thinspace Technology operates in high growth B2B markets of application delivery, virtualization and cloud client technology that 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.  IDC predicts that 2014 is the year where desktop virtualization is going to become main stream given its advantages currently in demand: low cost, flexibility, secure and green. According to Gartner research, the global desk top virtualization market is expected to surpass $65 billion in 2015.

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 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.thinspace.com.

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 OTC Markets, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2013, and its Quarterly Report on Form 10-Q for the quarter ended December 31, 2013.

Investor Relations 
Email: [email protected]  
Phone: 855-371-3936

 

SOURCE Thinspace Technology Inc.

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