FFI Reports Quarterly Results

INDIANAPOLIS, Nov. 15, 2010 /PRNewswire-FirstCall/ — Fortune Industries, Inc.

(NYSE Amex: FFI) announced today results for the quarter ended September 30,
2010.

Highlights

Revenue for the three months ended September 30, 2010 was $15.6 million as
compared to revenue of $14.8 million for the same three-month period in 2009,
representing a $0.8 million increase in revenue.

Net income available to common stock shareholders for the three months ended
September 30, 2010 was $0.302 million or $0.02 per share fully diluted versus
$0.660 million or $0.05 per share fully diluted for the same three-month period
in 2009, representing a $0.358 million decrease in net income available to
common stock shareholders.

Working capital at September 30, 2010 was $1.67 million, as compared to working
capital at June 30, 2010 of $1.2 million, representing an increase of $0.470
million during the three-month period. This increase was due to the continued
profitability of the Company’s operations.

The Company reported EBITDA of $0.669 million for the three months ended
September 30, 2010, as compared to EBITDA of $0.742 million for the same
three-month period in 2009, representing a $0.073 million decrease in EBITDA for
the current period.

Total number of worksite employees at September 30, 2010 was 14,598 as compared
to 14,024 at June 30, 2010, representing a net increase of 574 worksite
employees.

“We are thrilled with the Company’s performance this quarter, particularly with
respect to working capital,” stated Tena Mayberry, President and CEO. “We have
consistently performed over the past two years in this challenging economy,
generating a profit 8 out of the past 9 reporting periods. We continue to add
worksite employees, which creates additional administrative fees and increased
gross revenue. Additionally, our management team has succeeded in cutting
expenses, while adding these worksite employees and maintaining our exceptional
service level. We look forward to continuing to grow our worksite employee count
at the beginning of the new calendar year, which will help drive revenue and
shareholder income.”

About Fortune Industries, Inc.

Fortune Industries, Inc. is focused as a professional employer organization
(PEO) to small and medium-sized businesses in 48 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, 2010. 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.