Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Liquidity Problems/Over-Indebtedness / Ongoing reorganization

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Zug/Switzerland, Mai 19 2008 - FORTUNE Management Inc. (General Standard, ISIN USU026281027; SIN: A0BLYY) informs, that it has initiated reorganization measures some considerable time ago. These include cost reductions and sales of assets, as well as further financing measures.

In the ongoing Principal Investment Asset Management sale process, the company has already received several purchase offers which are currently being evaluated.

According to the restructuring concept, the Principal Investment GATE Biodiesel will be spun off and operatively managed by a specialized consulting company. Intensive negotiations with banks and creditors from the issued bonds and the promissory notes have been started simultaneously and are still in progress.

All these measures aim at securing the tight liquidity of the Fortune Group and of its direct and indirect subsidiary and portfolio companies also in the future.

Profile of FORTUNE Management Inc.: FORTUNE Management Inc., Zug/Switzerland, is a publicly listed private equity firm. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialized funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers FORTUNE Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Würzburg, Vienna and the Bahamas as well as a branch in Dubai. 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.

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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar:

Further inquiry note:
FORTUNE Management Inc.
Phone +49 69 9441 8069
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

Weitere Meldungen: Fortune Management Inc.

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