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Abonner Fortune Management Inc.

Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Financial Figures/Balance Sheet / Operating half year loss of TEUR -5.593, Restructuring according to plan

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
29.08.2008
29 August 2008 - In the first half year 2008, Fortune Management Inc.
(General Standard, ISIN USU026281027, SIN: A0BLYY) pursued vigorously
its restructuring program. Intensive negotiations with all main 
investors resulted in an agreement for debt relieve. Meanwhile, 99.7%
of Bond- and 100% of Loannoteholder have acceded the restructuring.
The - in connection with the restructuring - intended sale of the two
principal investments GATE/Biodiesel and Fortune Wealth Management 
Group Ltd. is for the first time summarized according to IFRS 5 as 
"Assets held for sale" (consolidated balance sheet) respectively 
"Discontinued operations" (consolidated income statement and 
consolidated cash flow) , with the effect that FMI discloses no sales
revenues for the first half year 2008.
The consolidated income statement newly classified according to IFRS 
5 reports a loss of TEUR 5,593 for the first half year 2008 (30 June 
2007: TEUR -6.543), whilst the result of the discontinued operations 
was of TEUR -6,401 (30 June 2007: TEUR -5.862). The loss for the 
period after taxes before minorities is of TEUR -27.256 (30 June 
2007: TEUR -7.500). The undiluted earnings per share amount to EUR 
-0.22 (30 June 2007: EUR -0.06).
Cash and cash equivalents on 30 June 2008 amount to TEUR 17,252 
(including discontinued operations).
Management intensively pursues the timely implementation of the 
restructuring agreement, in order to enable the further development 
of the remaining Fortune Group. First closings within the Fortune 
Super Equity Managements Funds will be determining for this 
development.
(End of the Ad hoc Release)
For more information, please refer to the CEO´s Letter to the 
Shareholders available at www.fortune-management.com com, where also 
the Company´s half year report will be posted.
Profile of FORTUNE Management Inc.: FORTUNE Management Inc., is a 
publicly listed private equity firm. Its two business divisions are 
Private Equity Management and Principal Investments. The company´s 
shares (ISIN: USU 026281027) are listed in the General Standard 
segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in
Dubai.
end of announcement                               euro adhoc

Contact:

FORTUNE Management Inc.
Phone +49 69 9441 8069
IR@fortune-management.com
c/o Fortune Services Ltd
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard

Plus de actualités: Fortune Management Inc.
Plus de actualités: Fortune Management Inc.