InsynQ, Inc. INSN), a premier provider of
application hosting services, online accounting solutions and services, and
owners of Appgen Business Software, today announced that they have settled
a $333,000 lawsuit with its former landlord from the year 2000.
InsynQ's Management continues to demonstrate its ability and commitment,
along with the support of its Investors, to build on the foundation that it
has laid down over the last 8 years of hosting software for hundreds of
companies. "As an early adopter of the 'Software as a Service' model, we
have been challenged to educate the market regarding the value we bring to
the small and medium size business market," says John P. Gorst Chairman and
CEO of InsynQ.
Mr. Gorst further states, "However, over the last 6-8 months we have
witnessed a turn in the market. While we were ahead of the adoption curve,
many businesses are now more informed and better understand the value of
outsourcing the management of software to third party providers, now giving
these businesses the ability to access their corporate software and data,
'anytime-anywhere,' over the Internet."
InsynQ demonstrates its ability to continually add value to its service
model by introducing new, innovative and feature-rich applications and
services through Always-On services (www.insynq.com) and through their
e-Accounting business (www.cpaasp.com).
About InsynQ
InsynQ has been delivering outsourced software application hosting and
managed IT services since 1997. InsynQ allows business customers to "turn
on" their software applications and workstations instantly through any web
enabled computer, regardless of operating system. What's more, InsynQ
subscribers can freely access their software and data from any Internet
ready computer, anywhere in the world. The company also offers IT and
network integration consulting, multimedia development, a broad range of
business application services, and infrastructure management services. For
more information, visit us at www.insynq.com or call us at 253-284-2000.
Forward Looking Statements
Forward-looking statements are subject to a number of risks, assumptions
and uncertainties that could cause the Company's actual results to differ
materially from those projected in such forward-looking statements. These
risks, assumptions and uncertainties include: the ability to complete
systems within currently estimated time frames and budgets; the ability to
compete effectively in a rapidly evolving and price competitive
marketplace; changes in the nature of telecommunications regulation in the
United States and other countries; changes in business strategy; the
successful integration of newly-acquired businesses; the impact of
technological change; and other risks referenced from time to time in the
Company's filings with the Securities and Exchange Commission.
Contact:
Mandy Maxwell
Marketing & Public Relations
Phone: (253) 284-2000, ext. 2061
Email: Email Contact
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