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Fortune Management Inc.

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Fortune and HLSP Stone Pine Investment Banking L.L.C. (HLSP)seek strategic Partnership

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
02.06.2005
Zug/Schweiz, 2nd June 2005 - Fortune Management Inc., (General
Standard, ISIN USU026281027, WKN: A0BLYY) and HLSP Stone Pine
Investment Banking L.L.C.(HLSP) have entered into a Letter of Intent.
HLSP is a joint venture between Hamilton Lane Philadelphia and The
Stone Pine Companies L.L.C., Denver, which principal purpose is the
consolidation of private equity management companies on a global
basis. HLSP’s set-up is therefore similar to that of Fortune
Management, which focuses its business model on the consolidation of
independent asset managers. By entering into a strategic partnership,
both companies expect to unlock synergies in administrative as well
as capital market tasks.
The companies have agreed to conduct a due diligence in the coming
weeks, with the objective to reach a definitive agreement in due
course.
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.
end of announcement                    euro adhoc 02.06.2005 07:48:29 

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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Plus de actualités: Fortune Management Inc.