Melanie Fendt

``The past two years have been difficult for the Company, ' stated Melanie Fendt, President and CEO of FSAI. ``We entered the software re-engineering business with the expectation that Y2K remediation and verification for the Natural programming language would be an extremely profitable business, which was widely predicted at that time.In retrospect, the business did not materialize in the manner and amount anticipated, leaving the Board to seek alternative business opportunities.After reviewing a number of alternatives, including possible liquidation of FSAI, the Board has determined that merging with IMT, which will allow us to re-deploy our technical capabilities to video/audio encoding and DVD authoring for the streaming media market, is in the best interests of FSAI shareholders.''.

"The past two years have been difficult for the Company," stated Melanie Fendt, President and CEO of FSAI."We entered the software re-engineering business with the expectation that Y2K remediation and verification for the Natural programming language would be an extremely profitable business, which was widely predicted at that time.In retrospect, the business did not materialize in the manner and amount anticipated, leaving the Board to seek alternative business opportunities.After reviewing a number of alternatives, including possible liquidation of FSAI, the Board has determined that merging with IMT, which will allow us to re-deploy our technical capabilities to video/audio encoding and DVD authoring for the streaming media market, is in the best interests of FSAI shareholders."