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Thinspace Technology (OTCBB: THNS) Announces Its Newly Formed Expert Technical Advisory Board

PORT ORANGE, Fla., March 26, 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 it has formed a Technical Advisory Board and appointed its first members to the board: Ben Cherian, a cloud-computing expert; Julian Levy, an enterprise infrastructure and financial services executive; and Claudio Rodrigues, Thinspace's Chief Technical Architect.

With over 20 years of experience in cloud computing, managed services, networking, enterprise services, and application development, Ben Cherian is a senior executive bringing volumes of expertise in the Company's core markets to its Technical Advisory Board. Currently he maintains his role as VP Strategic Development for Inktank Storage, a company focused on transforming the storage industry by driving the widespread adoption and ubiquity of software-defined-storage with Ceph, where he is responsible for partnerships, strategic alliances, and corporate development. Previously, he was the Chief Strategy Officer of Midokura, a cloud network virtualization vendor and the GM of Emerging Technologies at DreamHost. Before DreamHost, Ben had started several successful technology companies: a cloud-focused managed services company, a CIO consultancy, an ERP implementation firm, and a systems / network integration firm.

"Implementing virtual desktops can still be a difficult complicated proposition for some companies. Thinspace's vision of an end-to-end supported VDI solution is a product that the market is clamoring for. I'm pleased to be part of the technical advisory board and am looking forward to helping Thinspace's team as they move into the cloud," stated Ben Cherian.

Julian Levy is an experienced executive based out of London with a deep understanding of Enterprise infrastructure and Financial Services. He has covered roles in both the front and back office including Software and Services Equity Research at Bank of America Merrill Lynch, and the European SVP for Technology Research and Development at Bank of America Merrill Lynch. Before this he was a senior technologist at Credit Suisse Group and CSFB, where he ran global middleware and security engineering functions as well having hands-on operational, engineering and management experience at a number of start-ups prior to 2000. Commenting on his appointment, he stated, "I'm very excited to be able to join Thinspace's Technical Advisory Board - with their recent acquisitions and long-term strategy, I think they have the opportunity to be highly disruptive."

As Thinspace's Chief Technical Architect and now a member of its Technical Advisory Board, Claudio Rodrigues is focused on driving innovation for the Company's next generation Pano virtualization products. Prior to Thinspace, he was the founder and CEO of Terminal-Services.NET and later TSFactory Inc, that brought several unique, simple and affordable tools to the market. With over 20 years of experience in the SBC/VDI market, Claudio was responsible for deploying hundreds of thousands of seats for several large enterprises worldwide. Thanks to his work with the Terminal Services communities he was the first person ever to be awarded the Microsoft MVP Award specifically for RDS back in 2001. He is also a well known BriForum presenter and a BriForum GeekOut Master Champion having won it three times in a row and for that reason, he was banned from it by Brian Madden himself. 

Owen Dukes, Chief Executive Officer of Thinspace Technology, commented, "On behalf of Thinspace, we would like to officially welcome Ben, Julian and Claudio to our newly formed Technical Advisory Board. Their caliber of experience and expertise as well as thoughtful oversight and vision will be instrumental in ensuring our technology and business strategy is on point, on track, and competitive with other application delivery, virtualization and cloud providers."

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.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.

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