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

28.06.2005

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.

end of announcement                               euro adhoc 28.06.2005 21:53:26

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
Börsen: Frankfurter Wertpapierbörse
Berliner Wertpapierbörse
Baden-Württembergische Wertpapierbörse
Börse Düsseldorf
Bremer Wertpapierbörse (BWB)