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Abonner Fortune Management Inc.

Fortune Management Inc.

euro adhoc: Fortune Management Inc.
quarterly or semiannual financial statement
Fortune Management Inc. - half-year loss of TEUR -10,976 but positive operating cash flow (TEUR 5,782).

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
29.08.2007
Ad hoc Release
                              pursuant to § 15 WpHG
Fortune Management Inc. - half-year loss of TEUR -10,976 but positive
operating cash flow (TEUR 5,782).
Zug/Switzerland, 28 August 2007 - In the first half year of 2007, 
Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: 
A0BLYY) had to accept a half-year loss (before minority interests) in
the amount of TEUR - 10,976 (half-year profit per 30 June 2006: TEUR 
11,341). At the same time, however, the cash flow from current 
operations for the first time showed a positive figure, namely TEUR 
5,782 (30 June 2006: negative operating cash flow of TEUR -18,716). 
The undiluted earnings per share amount to EUR -0.06 (30 June 2006: 
EUR 0.10).
The revenues of the first  half  year  amounted  to  TEUR  62,045  (+
2,864.4%, 30 June 2006: TEUR 2,093).  The  high  increase  in  
revenue  is  based  on  the consolidation of the biodiesel  
activities.  Revenues  in  the  amount  of  TEUR 56,199 (30 June 
2006: TEUR 0) is allocable to  this  business  segment.  Of  the 
further revenues, TEUR 5,846 is  allocable  to  the  Asset  
Management  segment, which could more than double its revenues in 
comparison to the first  half  year of 2006 (+179.3%, 30 June 2006: 
TEUR 2,093).
At present, the Management still assumes that the annual result of 
2006 can be exceeded, although the risks of missing this goal have 
increased in comparison to the first half year of 2007. The 
achievement of this goal will depend on the time when the first 
closing of transactions at PEARLs and the Fortune Super Equity 
Management Funds will take place and when a substantial share in a 
Principal Investment can be sold. If these results have no bearing on
the second half of 2007, the forecast 2007 will have to be adjusted.
Cash and cash equivalents of the Fortune Management Group as at 30 
June 2007 amounted to TEUR 25,469. On 17 August 2007, these amounted 
to TEUR 49,351 (mainly due to implemented financing measures).
(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, where also the
Company's half year report will be posted.
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, Rotterdam, 
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.
Contact:
FORTUNE Management Inc.
Hubertus Väth
Phone +49 69 9441 8081 
IR@fortune-management.com
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug
end of announcement                               euro adhoc 29.08.2007 17:47:13

Further inquiry note:

Michael Staab
New Mark Finanzkommunikation
Tel.: +49(0)69 94418097
E-Mail: michael.staab@newmark.de

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.