SOURCE: InsynQ, Inc.

May 03, 2005 06:30 ET

InsynQ, Inc. Announces Rescission of Acquisition of Aptus Corp.

TACOMA, WA -- (MARKET WIRE) -- May 3, 2005 -- InsynQ, Inc. (OTC BB: INSN), a premier provider of Internet-delivered application hosting solutions and services, announced today that upon agreement by both parties, InsynQ’s previously announced acquisition of Aptus Corp. (a privately held corporation) had been rescinded. Instead, InsynQ is negotiating with Aptus Corp. to purchase from Aptus selected software assets, including Appgen Custom Suite, MyBooks Professional and QwikQuote suites of software. It is anticipated that the purchase of the software suites will be completed prior to June 1, 2005.

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. What's more, InsynQ subscribers can freely access their software and data -- fully virus-protected and automatically backed up -- from any computer, anywhere in the world. The company also offers IT and network integration consulting, 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.

About Aptus

Aptus Corp. includes Appgen Software Solutions, a premier provider of innovative 4GL development and application software and systems, and QwikQuote Software, the leading PC-based sales quoting software. For more information about Aptus, call us at 253-650-9905.

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.

Contact Information

  • Michael Camp
    Marketing & Public Relations Director
    Phone: (253) 284-2000, ext. 2064
    Email: michaelc@insynq.com