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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 001-07149
NOTIFICATION OF LATE FILING
(Check One): [X]Form 10-KSB [_] Form 11-K [_] Form 20-F [_] Form 10-Q
[_]Form N-SAR
For Period Ended: May 31, 2000
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[_]Transition Report on Form 10-K [_]Transition Report on Form 10-Q
[_]Transition Report on Form 20-F [_]Transition Report on Form N-SAR
[_]Transition Report on Form 11-K
For the Period Ended: May 31, 2000
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Nothing in this form shall be construed to imply that the commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:_______________________
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PART I
REGISTRANT INFORMATION
Full name of registrant InsynQ, Inc.
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Former name if applicable
Xcel Management, Inc.
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Address of principal executive office (Street and number)
1101 Broadway Plaza
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City, state and zip code Tacoma, Washington 98402
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PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
[_] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-
Q, N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The Company has recently hired a new Chief Financial Officer on a full time
basis. In addition a great deal of management time and focus was required to
complete recent private financings. Because of the additional time required to
transition the new Chief Financial Officer and his new financial and accounting
staff, and the diversion of the management team's efforts toward the completion
of the private financings, the Form 10-KSB report could not be completed prior
to the required filing deadline. The Company expects to complete its audit and
file its Form 10-KSB report within fifteen days after the filing deadline.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
DJ Johnson (253) 284-2000
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [_] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[_] Yes [X] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
The Company anticipates a net loss not to exceed $3,000,000 for the period
from June 1, 1999 to May 31, 2000.
InsynQ, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 29, 2000 By: /s/ DJ Johnson
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DJ Johnson
Chief Financial Officer
