Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Fortune Management harmonizes Group Structure

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Zug/Switzerland, June 28, 2005 - Over the past months, Fortune Management Inc., (General Standard, ISIN USU026281027, WKN: A0BLYY) laid the foundation for the deconsolidation of the Group's industrial division "Hospitality" combined in TMS-ComTelco. As this measure is now  concluded, the "Hospitality" division will be recorded after the so-called equity method in the upcoming half-year report for the first time.

In this context the former Chairman of the Board of Directors, Ulrich Beckmann, is replaced in this function by Michael Dieckell, who has been a member of this board since 2002. Therefore, Mr. Ulrich Beckmann will be able to focus on his tasks as Executive Chairman of TMS-ComTelco.

Since Camco Holding AG did not meet its set 12-month targets, the company including its subsidiaries was sold again. Thus, Fortune emphasizes its strategy of keeping only profitable asset management companies in its portfolio.

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.

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ots Originaltext: Fortune Management Inc.
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Further inquiry note:
Fortune Management Inc.
Christian Hillermann
Investor Relations Manager

Tel.: +49 40 / 23608-897
Fax:  +49 40 / 23608-500

Branche: Financial & Business Services
ISIN:      USU026281027
WKN:        A0BLYY
Börsen:    Frankfurter Wertpapierbörse
                Berliner Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Börse Düsseldorf
                Bremer Wertpapierbörse (BWB)

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