InsynQ Signs Letter of Intent to Roll Out Virtual Desktops in Internet Cafes
TACOMA, Wash.--(BUSINESS WIRE)--May 22, 2001--InsynQ, Inc. (OTCBB:ISNQ - news), a pioneer within the Internet Utility Industry, has signed a Letter of Intent (LOI) with Hard Disc Cafe, Inc., a privately held Florida corporation.
Under the terms of the LOI, Hard Disc Cafe will organize a joint venture with InsynQ to offer low-cost, high-speed, public Internet access. InsynQ-powered Virtual Desktop units will be rolled out into Internet cafes and public locations both in North America and select locations around the world. InsynQ will provide customer premise equipment, storage networks, hosted software applications, content, and technical support.
``We are eager to work with Hard Disc Cafe as they build a global network of Internet Cafes and public kiosks,'' said InsynQ President and CEO John Gorst. ``Our IdesQ(TM) thin-clients are the perfect low-cost solution for public-access computing. When we deliver Virtual Desktops using our proprietary technology, users will not only get email and Internet access -- they will have powerful productivity applications like Microsoft® Office 2000.''
Michael Zwebner, president of Hard Disc Cafe stated, ``This is the tie-up we sought, and we are pleased to be among the first companies in the world to use this new method of establishing high-tech Internet cafes worldwide. There is no longer the need for heavy financial and technology investments to create the retail entities. We are now able to literally just place these Virtual Desktops into any existing retail location anywhere in the world, and use InsynQ to run our traffic and control the business. This is a great new business opportunity, and one that we will fully utilize.''
About Hard Disc Cafe, Inc.
Hard Disc Cafe is currently in the business of building and operating themed Internet Cafes under the trade name Space Express @ Mission Control. The company has two 4,000 - 5,000 square foot locations under construction. The first is in the Internet Plaza in Sacramento, California, and the second is in the South Beach area of Miami. Both locations, which are scheduled to open this fall, will house 60 - 100 terminals each.
The company will now enact the new plan to roll out a national and international program to install low-cost, high-speed, InsynQ-powered Virtual Desktop units offering both Internet access and local PC usage. By reducing the technology hardware and bringing the cost of installation down to just a few hundred dollars per unit, the company believes it will achieve efficient use of its investment dollars and get a sizable share of this new global business.
About InsynQ
InsynQ delivers business software applications and managed services over Internet-based wide area networks. The company offers proprietary hardware technologies, network consulting, multimedia development, and hosting services. For more information on InsynQ products and services, visit www.InsynQ.com, or call 253/284-2000.
Forward Looking Statements
Statements made in this press release that state the Company or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such 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.
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Contact:
InsynQ, Inc.
Addam Chandler, 888/590-7933 (Investor Relations)
ir@insynq.com
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