FORTEL Inc., incorporated in 1979, focuses on providing a real-time performance management solution that assures business end-to-end service-level goals. Its SightLine suite is based on analysis and correlation software that has been applied and tuned in the systems management performance arena by customers in finance and banking, defense management, manufacturing, retail services and government. On March 18, 2003, FORTEL announced that it has reached agreement with DivestCap Management Corporation, whereby DivestCap intends to acquire substantially all of the assets of the Company. DivestCap is an investment firm specializing in acquiring and growing established information technology (IT) companies. In order to facilitate the sale, the Company voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California after close of the markets on March 17, 2003. FORTEL will seek approval from the Bankruptcy Court for this transaction. Until the Bankruptcy Court approves the sale, FORTEL will continue day-to-day operations and provide uninterrupted customer support and service to its customers worldwide. By acquiring the Company's assets, DivestCap will enable FORTEL's customers to continue to derive maximum benefit from SightLine. DivestCap understands the value that SightLine provides the Company's customers and will seek to enhance this value with continued service and software support. The Company has a diversified customer base that relies on SightLine to effectively monitor the performance of their mission-critical business applications. Many customers also use the capacity planning and trend analysis capabilities of SightLine to ensure that their systems maintain peak operating efficiencies. On April 23, 2003, the Bankruptcy Court of northern California, Oakland Division, approved the sale of substantially all of the assets of FORTEL to DivestCap. The transaction closed on April 28, 2003. The new company will operate under the name SightLine Systems Corporation.