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Fortune Management Inc.

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

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
19.05.2008
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.
end of announcement                               euro adhoc

Further inquiry note:

FORTUNE Management Inc.
Phone +49 69 9441 8069
IR@fortune-management.com
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

Plus de actualités: Fortune Management Inc.
Plus de actualités: Fortune Management Inc.