SANTA ANA, Calif., July 29, 2002 (PRIMEZONE) -- eSynch Corp. (OTCBB:ESYN), which last week disclosed that it had entered into an escrow and proxy agreement granting eSynch control of all voting and ownership rights of Nacio Systems, Inc., announced that its role in the management and growth of Nacio has resulted in the development and implementation of new sales and marketing strategies created to drive Nacio's revenue.
As also disclosed last week, eSynch, upon completion of Nacio's plan of reorganization, will exchange a maximum of 30 million common restricted shares for 100% of the issued and outstanding shares of Nacio.
Nacio's Netsource Center currently provides high-reliability managed services hosting, connectivity and outsourcing solutions along with co-location and support services for over 300 businesses that rely on the Internet for daily operation. This represents a small percentage of the capacity of the infrastructure built and in place at Nacio's facilities.
"Nacio has been engineering and customer serviced focused," stated Tom Hemingway, CEO and Chairman of eSynch. "The client base has largely been built through word of mouth and with the company's technology stable and underutilized, it's pretty clear that loading the Netsource Center's capacity is the highest priority. Towards that end we will immediately begin to build Nacio's sales capabilities targeted on expanding the client base and on selling more solutions and services to the existing base, all with the goal of increasing Nacio's revenue," continued Mr. Hemingway.
About Nacio:
Nacio Systems is one of the early leaders in the managed hosting and managed services market providing full-service high performance, commercial-grade Internet connectivity and wide area networks solutions for businesses that rely on the Internet for daily operations. This includes managed server hosting, co-location, and a full range of managed services including robotic backup, terabyte-level storage, and server clustering along with true "N+2" fault-tolerance and Telco-quality "5 nines" reliability (99.999% up-time) for managed services. Server platforms include Windows NT, Windows 2000, Solaris and Linux. Nacio also provides database servers and support for Allaire Cold Fusion, JRun and Spectra application servers.
About eSynch:
eSynch (http://www.esynch.com), founded in 1994, is a software development company that designs and distributes turnkey and customized solutions for the digital delivery of rich media content. The Company's premiere product, MediaOffice(tm), is a suite of browser-based administration tools allowing flexible, secure and intelligent Internet distribution of business media content. MediaPod Player(tm), an audiovisual presentation platform with interactive search and navigation capabilities that enables the user to fully control the viewing experience, and MediaMosaic(tm), which incorporates streaming video, fully searchable transcripts synchronized to the video are other leading indicators of the Company's strength in this space.
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in eSynch's Securities and Exchange Commission filings, including Form 10-KSB for the year ended Dec. 31, 2001, and subsequent Forms 10-QSB and 8-K. Actual results may differ materially from management's expectations.