FFI Reports Annual Results

INDIANAPOLIS, Sept. 28, 2011 /PRNewswire/ — Fortune Industries, Inc. (NYSE
AMEX: FFI) announced today results for the fiscal year ended June 30, 2011.

Highlights

Net income available to common stock shareholders for the fiscal year ended June
30, 2011 was $1.283 million or $0.09 per share fully diluted versus $0.579
million or $0.04 per share fully diluted, for the fiscal year ended June 30,
2010, representing a $0.704 million increase in net income available to common
stock shareholders.

Working capital for the year ended June 30, 2011 was $2.631 million, as compared
to working capital at June 30, 2010 of $1.212 million, representing an increase
of $1.419 million.

The Company reported EBITDA of $2.578 million for the fiscal year ended June 30,
2011, as compared to EBITDA of $1.707 million for the fiscal year ended June 30,
2010, representing a $0.871 million increase in EBITDA for the current year.

Revenue for the fiscal year ended June 30, 2011 was $64.335 million as compared
to revenue of $60.694 million for the fiscal year ended June 30, 2010,
representing a $3.641 million increase in revenue.

Total number of worksite employees at June 30, 2011 is 15,030 as compared to
13,956 at June 30, 2010, representing a net increase of 1,074 worksite
employees.

“Our clients who have survived this still-struggling economy have taken a small
step forward this quarter, and as a result we have increased our total worksite
employee count, driven largely by existing customer growth,” stated Tena
Mayberry, President and CEO. “Our increase in revenue, net income and earnings
per share can largely be attributed to an increase in same-store sales with the
addition of new hires and returning previously-laid-off workers. At the same
time, we have focused on managing our expenses in order to maximize earnings
from the increase in revenue.

“During the fourth quarter our workers compensation program was a high
performing area. We successfully renegotiated one of our largest national
contracts, allowing us to minimize increases to our customers going against the
industry trend and solidifying customer retention.

“We believe we will continue to experience some same-store sales growth along
with the addition of new customers due to the growing compliance requirements
relating to state and federal unemployment, homeland security and health care
reform. The newness of the health care reform legislation and the lack of
precedent should create opportunities for our sales force to attract new
customers. We look forward to continued earnings per share growth in our
upcoming fiscal year.”

About Fortune Industries, Inc.

Fortune Industries, Inc. is focused as a professional employer organization
(PEO) to small and medium-sized businesses in 47 states, including human
resource consulting & management, employee assessment, training, and benefits
administration.

Fortune Industries, Inc. is based in Indianapolis, Indiana and is publicly
traded on the NYSE Amex exchange under the symbol FFI. Additional information
about Fortune Industries, Inc. can be found at www.ffi.net.

This press release and other statements by Fortune Industries, Inc. may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are typically
identified by words or phrases such as “believe,” “expect,” “estimate,”
“potential,” or future/conditional verbs such as “will,” “should,” and “could”
or the negative of those terms or other variations of them or by comparable
terminology. The absence of such terms, however, does not mean that the
statement is not forward-looking. Any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties that could
cause actual results to differ materially. Factors that might cause or
contribute to such differences, include, but are not limited to, the risks and
uncertainties that are discussed under the heading “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” within the Company’s Form 10-K for the year ended June 30, 2011. The
Company undertakes no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information, future events or
otherwise. Readers should carefully review the risk factors disclosed within the
Company’s Form 10-K and other documents filed by the Company with the Securities
and Exchange Commission.