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EXHIBIT 99.1
Monday September 18, 4:29 pm Eastern Time
Press Release
SOURCE: InsynQ, Inc.
InsynQ Unveils Corporate Restructuring Plans
TACOMA, Wash., Sept. 18 /PRNewswire/ -- InsynQ, Inc. (OTC Bulletin Board: ISNQ -
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news), a pioneer within the Internet utility industry, announced today the
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completion of two regional market tests, and a corporate reorganization in
preparation for future growth initiatives.
Since February of this year, the company operated remote sales offices in the
Sacramento, California and Tacoma, Washington markets, selling InsynQ's hosted
and managed network services to small to medium enterprises. The corporate
reorganization announced today will consolidate the company's sales activities
to its corporate headquarters in Tacoma, along with two California offices. The
company's reorganization, involving a workforce reduction of 17 people, allows
the company to focus on channel development efforts, and the planned deployment
of a national direct sales force in future months. The sales initiative of the
last six months provided the company with critical information regarding the
sale and deployment of its products and services into regionally dispersed
markets.
It was also announced today that James Leigh, the company's Chief Technology
Officer, has been promoted to the position of President. As InsynQ's President
and CTO, Mr. Leigh brings significant operational knowledge and technical
expertise to his new role, and will continue to oversee product design and
deployment.
James Zachman has been promoted to Senior Vice President, and will work with the
CEO in developing growth strategies and strategic alliances. Michael Estoos, the
company's Director of Sales, has been promoted to Vice President of Sales. And
Bill Hargin will continue as the company's Executive V.P. of Sales and
Marketing.
According to John Gorst, InsynQ's Chairman and CEO, ``I'm excited about
transitioning James Leigh into his role as president. And our recent
reorganization and streamlining of operations, coupled with the knowledge of how
to effectively sell into the SME market, positions the company well for future
growth opportunities. We now possess the right mix of technology and sales know-
how to help our channel relationships be more effective promoting the InsynQ
solution.''
About InsynQ
InsynQ technologies provide customers with critical business applications,
delivered via an out-of-the-box, Web-based, Local or Wide Area Network. For more
information on InsynQ products and services, access www.InsynQ.com, or call
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253-284-2000.
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Forward Looking Statements
Statements made in this press release that state the Company's 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: Addam Chandler, Investor Relations of InsynQ, Inc., 888-590-7933, or
[email protected].
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SOURCE: InsynQ, Inc.
