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Peruvian Managed IT Provider Extends Long-Term Partnership with Thinspace Technology (OTCBB: THNS)

PORT ORANGE, Fla., March 28, 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 Peruvian managed IT provider, TECHNOLOGY SYSTEMS S.A.C (Tecnosys), has extended its long term sales partnership with Thinspace Technology.

Tecnosys, since 1989, has been a provider of leading hardware and software solutions that afford real business value to customers. Tecnosys has been a partner of Thinspace since 2008 offering TSE/Onegate solution and providing discounts to their customers. Today, Tecnosys has expanded its commercial ties to Bolivia and Ecuador and is focused on expanding its products and service offerings.  

"We have introduced Thinspace Technology in the Peruvian market with great success, because it is a solution that offers powerful features at a reasonable price, something customers greatly appreciate in Peru. Today we have around 200 customers of all sizes with licensing from 5 users to 2,200 users," commented Antonio Macchiavello, Chief Executive Officer of Tecnosys.

The extension of this partnership allows the managed provider to continue selling Thinspace's Pano VDI Solution for desktop virtualization, and provide additional product offerings, such as desktop services and application delivery solution that uses RDP 8, and a cloud-based hosted desktop service that will provide customers the ability to access their Microsoft desktop from any device, like an iPad or Android tablet.

Owen Dukes, Chief Executive Officer of Thinspace Technology, stated, "Tecnosys, similar to our other long-term partners, stays true to our solution because it has proven to be reliable, and has great success in virtualizing not only servers, but down to the endpoint. This enables their customers to enjoy a hassle-free desktop environment while protecting vital data. That coupled with its competitive and affordable price point, ease of installation, and robust customer service, our solution is a fast sale for Tecnosys. We look forward to continuing our relationship and expanding our offerings alongside Technosys' expansion."

About the Industry 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.

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. Thinspace's Propalms product set has comparable functionality to Citrix as well as greater speed and simpler installation processes.

Thinspace's Propalms product set has comparable functionality to Citrix as well as greater speed and simpler installation processes. According to Gartner research, the global desk top virtualization market is expected to surpass $65 billion in 2015. 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.thinspacetechnology.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, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.

SOURCE Thinspace Technology Inc.

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