Thinspace Technology’s New CEO Provides 30 Day Update

PORT ORANGE, Fla., July 29, 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 is pleased to provide a recap on the initiatives new Chief Executive Officer, Chris Bautista, has undertaken in his first 30 days in office.

The past last month has been a busy one for the new CEO of Thinspace Technology to say the least. It has been marked by progression through several corporate administrative on-boarding initiatives, such as getting SEC filings and registration,banking and insurance registrations, in order, visiting key global offices and customers, negotiating deals with current customers, vendors, and resellers, as well as having a major discussion with a large customer and distributor in Darmstadt, Germany to discuss specific business and technology requirements for a large desktop virtualization and security opportunity.

While solid time was spent on the aforementioned, most of Mr. Bautista's time has been getting to know the current, robust on-the-ground business of Thinspace Technology on a global scale. This effort has included him working with sales and operations team in York, England to understand day-to-day operations activities and opportunities, meeting the sales and project management team of one of Thinspace's largest deals in Manchester, England, and meeting with sales team in Frankfurt, Germany to understand market opportunity in Central Europe.

"As Thinspace is now a hardware and software company through recent acquisitions, my visit to our various offices and teams in Europe has given me the opportunity to see how our software applications and hardware devices will be integrated into a single, simple yet comprehensive end-to-end desktop virtualization and application delivery platform, which is the strategic direction we are heading," states Chris Bautista, CEO of Thinspace Technology.

Mr. Bautista has also been actively engaged with product development, and instrumental in determining the near-term, mid-term, and long-term product roadmap and strategy for the Company – since joining the team. He had a successful meeting with Thinspace's testing partner in Darmstadt, Germany to see the testing process of the Company's hardware devices, and conducted an engaging working session with an ODM (Original Design Manufacturer) to define the Thinspace next generation hardware devices. He even worked on product pricing for a new product offering release, which the Company expects out in Q3, and is headed to Pune, India to meet with Thinspace's technology and development team.

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.

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

SOURCE Thinspace Technology Inc.