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euro adhoc: Fortune Management Inc.
Mergers - Acquisitions - Takeovers
Fortune acquires Dr. Höller Vermögensverwaltung und Anlageberatung AG

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.05.2005
Zug, 9 May 2005 - Fortune Management Inc., Zug, Switzerland (General
Standard segment, ISIN USU026281027, WKN A0BLYY), has taken over Dr.
Höller Vermögensverwaltung und Anlageberatung AG, Zurich. Since 1982,
Dr. Höller Vermögensverwaltung has looked after high net worth
individuals and institutional investors based mainly in Switzerland,
Austria and Germany. With nine employees, it has a fully licensed
subsidiary in Vienna and a representative office in Munich for
institutional investors. Dr. Höller Vermögensverwaltung has acquired
a particular reputation in the area of "ethical investments". Its
PRIME VALUE funds were launched in 1996 and have been among the
best-in-class ethical funds for many years.
Dr. Höller Vermögensverwaltung und Anlageberatung AG is the fourth
Swiss asset management company that Fortune Management has acquired.
In accordance with the Fortune business model, Dr. Höller
Vermögensverwaltung will continue to trade under its established name
and offer its full range of well proven services. There will be no
changes in client and custodian relationships. In addition, the
company’s founder and managing director, Dr. Elisabeth Höller, will
continue to head the company and be in charge of its further
development. Its sophisticated investment process and  research will
also be available to the other asset managers in the Fortune Group.
"We have always provided our clients with asset management services
focused on continuity and risk-adjusted performance," said Dr.
Höller. "To secure the highest level of service quality for our
clients also for a long time into the future has been our main
concern. In order to achieve this and anticipating the present
upheaval in the asset management industry, we have chosen a strategic
partnership with a company that guarantees our independence and is at
the same time solidly based. Fortune Management provides our clients
with the continuity upon which we can carry on building our business
while remaining true to our principles," continued Dr. Elisabeth
Höller.
René Müller, CEO of the Fortune Group, added: "With Dr. Höller having
predicted the consolidation among independent asset managers for some
time, the integration of her company into Fortune Group represents
another milestone. We look forward to working with the Dr. Höller
Vermögensverwaltung. Fortune Group clients and staff alike will
benefit from Dr. Höller’s many years of experience, excellent
contacts and proven special investment expertise in the ethics area."
For Fortune Management Inc., the takeover of Dr. Höller
Vermögensverwaltung represents an important step in the
implementation of its business model, which is specifically focused
on providing a succession alternative for independent asset
management companies primarily in Switzerland. Fortune aims in
particular to maintain the company’s independence while at the same
time concentrating on clients’ real needs.
In accordance with its strategy, Fortune is continuously in
acquisitions talks with further asset managers.
End of ad hoc release
Profile of Fortune Management Inc.:
FORTUNE Management Inc., Zug, Switzerland, focuses on building a
network of independent asset management companies, mainly in
Switzerland. It has subsidiaries in the Swiss cities of Zug, Zurich
and Geneva, as well as in Dubai, the UK, Germany and Belgium. FORTUNE
aims to acquire majority stakes in such companies. These asset
managers are then integrated into the Group, thereby relieving them
of as much of their middle office administrative workload as
possible. The resulting economies of scale contribute to improving
the cost-income ratio. Research and portfolio management support is
provided with a view to enhancing risk-adjusted returns for
investment clients. The asset managers’ relationships with their
clients and custodians remain intact, and the firm continues to trade
under its established name.
FORTUNE Management Inc. was created from the former ComTelco
International Inc. at the end of 2003 following a strategic
reorientation. Its stock (ISIN: USU 026281027) is traded on the
regulated market (General Standard segment) of the Frankfurt stock
exchange.
Profile of Dr. Höller Vermögensverwaltung und Anlageberatung AG:
Dr. Höller Vermögensverwaltung und Anlageberatung AG, Zurich, was
founded by Dr. Elisabeth Höller in 1982 and trades as an independent
asset manager and investment advisor. Dr. Höller founded and served
on the board of the Swiss Association of Asset Managers (SAAM) in
1986, is well known as a financial expert and with her team has
acquired an outstanding reputation as an independent asset manager
throughout German-speaking Europe. In the recently published Elite
Special Report 2005, Dr. Höller was for the second time rated the
best independent asset manager in Switzerland, placing it among the
Elite 250 financial institutions reviewed in German-speaking Europe.
Dr. Höller has offices in Switzerland, Austria and Germany and its
pioneering role in investment ethics endows it with valuable
expertise in financial analysis. An experienced ethics research team
prepares ethical analyses of listed companies and issuers for Dr.
Höller.
end of announcement                    euro adhoc 09.05.2005 07:30:33 

Further inquiry note:

Fortune Management Inc.
Christian Hillermann
Investor Relations Manager

Tel.: +49 40 / 23608-897
Fax: +49 40 / 23608-500
Email: ir@fortune-management.com

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Index: General Standard, Prime All Share, HDAX, CDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade

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