InsynQ Retires Interest Debt
10/12/2005 6:03:05 AM
TACOMA, WA, Oct 12, 2005 (MARKET WIRE via COMTEX) -- InsynQ, Inc. (INSN), a premier provider of Internet-delivered software as a service business and accounting solutions and owner of Appgen Business Software, announced today that InsynQ's indebtedness of interest due of $588,407 to our investors has been restructured. Secured convertible notes now represent the indebteness.
"We are very grateful to our investors, who continue to show tremendous support for our 'Software as a Service' on-line model," says John P. Gorst, Chairman and CEO of InsynQ, Inc. "We are beginning to witness a higher adoption of our On-Demand business services and more specifically in the financial service sector. The market is now educated as to the value proposition of our services and ready to bring there business on-line."
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 Internet-connected computer, regardless of operating system. InsynQ subscribers can freely access their software and data -- fully virus-protected and automatically backed up -- from any computer, anywhere in the world. InsynQ's purchase of selected business software from Appgen in 2005 improves the flexibility and cost-efficiency of InsynQ's delivery by using Linux-based application servers that enable customers the choice of multiple platforms. For more information, visit us at www.insynq.com or call us at 253-284-2000.
Contact:
Michael Camp
Marketing & Public Relations Director
Phone: (253) 284-2000, ext. 2064
Email: Contact via marketwire.com
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