SYS-CON MEDIA Authors: Gilad Parann-Nissany, Xenia von Wedel, Peter Silva, Glenn Rossman, Ava Smith

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Thinspace Technology Retains RedChip Companies to Expand Investor Relations Efforts

PORT ORANGE, Fla., April 23, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: 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, has engaged RedChip Companies, Inc. ("RedChip") to expand its investor relations efforts.

"After researching the many options available, we selected RedChip to assist in our investor relations efforts because they offer a comprehensive investor communications platform for microcap companies, and they have a long track record of successfully helping many companies like ours achieve their capital markets goals," commented Owen Dukes, CEO of Thinspace. "We look forward to working closely with RedChip in the months and quarters ahead as we seek to improve our visibility among investors."

RedChip, an Inc. 5000 company, is an international small-cap research, investor relations, and media company that has delivered concrete, measurable results for hundreds of publicly-traded companies over its 22-year history. RedChip will debut Thinspace to its network of action-oriented retail and institutional investors at its Global Online CEO Conference, Thursday, April 24 at 4:00 p.m. ET. Interested investors can participate by visiting www.RedChip.com.

To further expand investor awareness of Thinspace, RedChip is implementing a comprehensive outreach campaign that will include interviews on "The RedChip Money Report: Small Stocks Big Money"™, which airs weekly on Fox Business, Bloomberg UK, Bloomberg Europe and Bloomberg Asia, reaching more than 200 million homes globally; social media marketing; retail and institutional investor roadshows; and other proven marketing initiatives.

Dave Gentry, President and CEO of RedChip, stated, "We're very pleased to have Thinspace Technology join the RedChip Nation. Thinspace's application delivery and cloud computing solutions are already in use by over 5,000 enterprise customers, including NASA, PWC, Deutsche Bank, Toyota, as well as NHS, local councils, universities, schools, and housing associations. 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. We're excited to bring the Thinspace story to our global base of retail and institutional investors."

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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