Intrinsyc Software International Inc. announced that the Stonehouse Capital Management Inc. and its President Daniel S. Marks have entered into a Settlement Agreement that terminates their proxy dispute on mutually agreeable terms. Both Intrinsyc and Stonehouse believe this settlement is in the best interests of all shareholders and allows the company to continue with its existing business strategy while pursuing new opportunities. Under the terms of the Settlement Agreement, effective immediately, the company and Stonehouse have agreed on a newly constituted board of directors comprised of Messrs. Thomas Bitove, George Duguay, Howard "Skip" Speaks, Daniel S. Marks and Michael W. Bird.