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LaBellePoule

01/25/08 1:28 AM

#2021 RE: VivaLasVegas #2020

If history was any guide, InsynQ was projecting $3.5 Million Dollars in Revenue just From Their eAccounting Division for Fiscal Year 2005.

Imagine if INSN was to meet their previous old Guidance, and was Valued at a 50% Discount to its Peers, then applying the Price to Sales (TTM) multiple of 7.77 times, would equate to a market cap of $13.6 Million Dollars.

Thus, when applying the comparative group's price to sales multiples to INSN we can arrive at a relative valuation of $0.0065 Per Share.

Of course, this is just an estimate, and it may vary with other factors.