EQLC News 09/07/2000
easyQual.com, FocVs Announce ASP Success;
Launch Brings $4.97M Increase To Entrust Mortgage
DENVER, Sept. 7 /PRNewswire/ -- easyQual.com Inc. (OTC Bulletin Board: EQLC) (www.easyqual.com) today announced its FocVs Technologies subsidiary has successfully implemented the first of its Application Service Provider (ASP) technology solutions for its initial target market, the mortgage lending industry. The Company's ASP solutions were recently implemented for Entrust Mortgage, easyQual's own mortgage banking subsidiary. By outsourcing the management of its mission-critical software applications to FocVs, Entrust can concentrate on its core competencies.
As Entrust's Application Service Provider, FocVs is supplying management and secure hosting for software applications such as Calyx Point, Microsoft Office and Microsoft Exchange Server from its centrally managed data center, providing and end-to-end solutions that yield greater reliability, system uptime and cost savings.
"We are extremely pleased with Entrust's conversion to an ASP environment," said FocVs Technologies President Scott Salzman. "The transition went so smoothly that we were able to convert Entrust in less than half the time projected. Our rapid success was due, in large part, to the experience and knowledge of our Chief Technology Officer and head Project Engineer, Dean Kramer, as well as the efficiency of our systems."
FocVs has built its systems around a technology infrastructure powered by Dell.
According to Scott Sax, President of Entrust Mortgage, the ASP solutions implementation figured significantly in an August fundings increase of $4,973,310 over the previous month. "We are amazed at the efficiencies afforded our mortgage operation in switching to an ASP environment. We now have access to robust software applications and technical support without the prohibitive upfront costs. The value proposition is simply tremendous," he said.
FocVs Technologies will target specific vertical segments within the ASP market, with the first being the $1.5 trillion-dollar mortgage lending industry. Salzman commented: "With our high level of vertical integration, we are able to gain notable efficiencies in ongoing deployments and operations. The rationale regarding a specific industry focus is that it enables us to leverage the expertise and experience gained through working with other customers who have similar requirements. We will have a better understanding of our customers' business processes and technology needs."
In Q4 2000, FocVs will begin offering ASP services to other mortgage brokerages, and will also initiate plans to serve the staffing-services industry.
About FocVs Technologies
FocVs Technologies is an Application Service Provider (ASP) offering end- to-end information technology solutions for small- and medium-sized enterprises in specific vertical markets. As an ASP, FocVs offers secure online and dedicated access to sophisticated and tightly integrated software applications from a centrally managed data center.
About easyQual.com
easyQual.com is a technology incubator and a leading provider of information technology solutions to select vertical markets. In delivering its solutions, easyQual.com has adopted a 'clicks-and-mortar' approach, coalescing four diverse, yet complementary, wholly owned subsidiaries: FocVs Technologies (Application Service Provisioning), A.I. Dynamics (Artificial Intelligence decisioning software), Entrust Mortgage (mortgage banking) and easyQual Homes (housing development). Each subsidiary operates successfully as a stand-alone division and collectively, they provide the marketplace with a superior and diverse network of technology solutions and financial products and services.
About Dell
Dell Computer Corporation is the world's leading direct computer systems company, based on revenues of $28.5 billion for the past four quarters, and is a premier provider of products and services for customers who build Internet infrastructures. Dell ranks No. 56 on the Fortune 500, No. 154 on the Fortune Global 500 and No. 3 on the Fortune "most admired" lists of companies. Dell designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained on the World Wide Web at www.dell.com.
Dell is a trademark of Dell Computer Corporation. Microsoft, Microsoft Office, and Exchange Server are trademarks of Microsoft Corporation. Calyx Point is a trademark of Calyx Software.
CORPORATE CONTACTS
easyQual.com, Inc. (www.easyqual.com)
Scott Sax, President
Tel: (800) 304-0326
E-mail: ir@easyqual.com
FocVs Technologies, Inc.
Scott Salzman, President
Tel: (800) 304-0326
E-mail: ssalzman@easyqual.com
INVESTOR RELATIONS
Mindshare Communications
Toll Free: (888) 301-6788
Fax: (604) 806-3367
E-mail: eqlc@mindsharecommunications.com
PUBLIC RELATIONS
R. L. McBride & Associates (www.rlmcbride.com)
Jennifer Lawson, President
Tel: (727)-820-0711
E-mail: info@rlmcbride.com
Note: A number of statements contained in this report are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission, including its annual and quarterly reports. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
SOURCE easyQual.com
-0- 09/07/2000
/CONTACT: Jennifer Lawson of McBride & Associates, 727-820-0711, for easyQual.com/
(EQLC)
CO: easyQual.com ST: Florida, Colorado IN: CPR SU: PDT
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