InsynQ Announces Conversion of Debt to Equity.

Business Editors

TACOMA, Wash.--(BUSINESS WIRE)--Dec. 4, 2000

InsynQ, Inc. (OTCBB:ISNQ), a pioneer within the Internet Utility Industry, announced today the conversion of over $1.6 million in debentures and notes, and over one million dollars in repurchase obligations into common stock.

The company also has acquired a $1,120,000 credit facility, which gives the firm the ability to finance continued growth. Having nurtured and developed several key strategic relationships, the company is marketing its Internet-based Wide Area Networking (iWAN) and Application Service Provider (ASP) technologies through the expansion of well-defined distribution channels.

John Gorst, InsynQ's CEO stated, "The capital that we have received to date has allowed us to build out much of our infrastructure, and to develop a customer deployment model that is scaleable. We appreciate the help from our investors, bringing us to this point in our company and industry lifecycle."

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 253/284-2000.

Forward Looking Statements

Statements made in this press release that state the Company's or management's intention, beliefs, expectations, or predications 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.