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Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 11, 2000
INSYNQ, INC.
(Exact name of registrant as
specified in its charter)
Delaware 0-22814 74-2964608
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1101 Broadway Plaza
Tacoma, Washington 98402
(Address of principal executive offices and zip code)
(253) 284-2000
(Registrant's telephone number,
including area code)
XCEL MANAGEMENT, INC.
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On October 11, 2000, the board of directors of the Company decided
to terminate the Company's current accountant, G. Brad Beckstead ("Beckstead"),
C.P.A., and engage Grant Thornton LLP, as the Company's auditor for the year
ending May 31, 2001. Beckstead served as the Company's auditor for the fiscal
year ended May 31, 2000. Because of Grant Thornton's familiarity with the
accounting and business operations of publicly held companies, their depth of
knowledge and personnel, their nationwide operations, and the growing needs of
the Company, the board of directors believes Grant Thornton is in the best
position to undertake the audit of the Company's financial statements for the
fiscal year ending May 31, 2001, and beyond, and future audits of the Company's
year-end financial statements. Grant Thornton's office is located in Key Tower
at 700 Fifth Avenue, Suite 4150, Seattle, Washington 98104.
During the year ended May 31, 2000, and up to and including the present,
there have been no disagreements between the Company and Beckstead on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures. Beckstead's report on the financial statements of
the Company for the fiscal year ended May 31, 2000, indicated that substantial
doubt existed regarding the Company's ability to continue as a going concern.
The Company intends to ratify the appointment of Grant Thornton at the
next meeting of the Company's stockholders.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INSYNQ, INC.
Dated: October 13, 2000 By: /s/ JOHN P. GORST
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John P. Gorst, Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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16.1* Letter re Certifying Accountant
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* Filed herewith.
