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Incentra Solutions Expands into Michigan, Acquires Assets of Solution Provider, allianceSoftSeptember 28, 2006 Boulder, CO, September 28, 2006 – Incentra Solutions, Inc. (OTCBB: ICNS), a provider of complete IT and storage management solutions to enterprises and managed service providers in North America and Europe, announced that it has acquired Detroit, MI -based allianceSoft in an all asset purchase. Privately held allianceSoft is a small solutions provider whose primary business is providing disaster recovery solutions to a large automotive business in the region. Craig Armstrong, President of allianceSoft, will remain and report directly to Incentra Solutions’ President and Chief Operating Officer Shawn O’Grady. “Becoming part of Incentra Solutions allows us to complement the solutions that we provide to our customers, and gives us the ability to deliver on an increased service level, all resulting in a true value add to the end user. Our customers have grown accustomed to and will continue to see us provide “best of breed” solutions to address their growing storage requirements, and providing them a greater return on their storage investment dollar,” commented Armstong. Incentra Solutions Chairman and CEO Thomas P. Sweeney said that acquiring allianceSoft will strengthen Incentra’s presence in the Midwest and broaden its disaster recovery offering with the proven solution allianceSoft has deployed successfully. Incentra provides allianceSoft a broader product & services set and an experienced engineering team to help go deeper into its existing key client base.
COO & President Shawn O’Grady commented, “We are pleased to gain a seasoned storage professional like Craig to the executive management team. His twenty plus years of high tech solution selling will only further our efforts in the mid-west to serve the enterprise market with proven storage solutions.”
About Incentra Solutions, Inc. Incentra Solutions, Inc. (www.incentrasolutions.com) (OTCBB:ICNS) is a provider of complete IT & storage management solutions to enterprises and managed service providers in North America and Europe. Incentra’s complete solution includes managed services, professional services, hardware and software products with the Company’s First Call and Enhanced First Call support services, IT outsourcing solutions and financing options.
Incentra Solutions Forward Looking Statements Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company’s inability to accurately forecast its operating results; the Company’s potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company’s business. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company’s filings with the Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Allen & Caron, Inc. Jill Bertotti(investors) jill@allencaron.com
Len Hall (financial media) len@allencaron.com 949-474-4300
Incentra Solutions, Inc. Thomas P. Sweeney III, Chairman & CEO tsweeney@incentrasolutions.com 303-449-8279
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