PORT ORANGE, Fla., July 14, 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
announced that on July 7, 2014 it
issued a letter to shareholders from its Chief Executive Officer
Chris Bautista. The letter is
included in its entirety below:
Dear Shareholders,
Thank you in advance for your continued support of the Company.
There have been several recent strategic changes which have
positioned Thinspace to succeed operationally and competitively in
the near –term and more importantly, have set the foundation for
long-term growth and to effectively compete in this booming
virtualization and cloud technology industry. I want to take the
opportunity to personally update you and provide an overview of my
strategic vision and plan moving forward.
In late May, a buyout of Thinspace's former President's, Robert
Zysblat, and former CEO's, Owen
Dukes, ownership interest in the company was closed.
Owen is remaining on with Thinspace, employing his technology sales
and product expertise to lead our Europe, Middle
East, and Africa ("EMEA")
Sales and Business Development initiatives. We are confident he
will be successful in accelerating revenue growth and assisting the
Company to the next level. His ongoing belief in Thinspace and its
ability to capitalize on current and future opportunities is both
encouraging and motivating.
Around the same time, I gladly accepted an opportunity to come
on board as the new CEO. My career has been marked with significant
time spent at technology companies in a variety of management,
consulting and delivery positions. In addition to that, I also come
with deep mobile technology and strategy experience having worked
at Sprint, inCode Telecom, and Enterprise Mobile. In my new role
with Thinspace, I plan on leveraging my background, particularly
with mobile technology, and relationships made throughout the years
to propel the Company forward.
Given my tenacity for ground floor, involved, action-oriented
leadership, I will be connected to all of the Company's internal
operations, customers, and investors now and in the future. In this
effort, I plan to visit our UK headquarters and our product
development department in India in
July to gain a better understanding of our efficiencies, and what
we can do to maximize profits and productivity. These findings and
others will be utilized, to design and implement a new optimized
business strategy to allow us to succeed in this new cloud and
mobile world.
The next few months will be just as significant as the past few
months. Management including myself will be staunchly focused on
high priority initiatives such as the reporting of our financials,
as well as optimizing our product roadmap, and improving our
go-to-market strategy. We look forward to progressing through the
end of this quarter and the next quarter successfully, and to doing
the best work in product sales, development, and innovation for the
benefit of the Company, customers, and shareholders worldwide.
Sincerely,
Chris Bautista, Chief Executive
Officer
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.
Thinspace Technology Inc. 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 a
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 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.
Investor Relations
Email: lauren@choosewindmill.com
Phone: 855-371-3936
SOURCE Thinspace Technology Inc.