FFI Regains Compliance With NYSE Amex Continued Listing Standards

INDIANAPOLIS, March 3, 2011 /PRNewswire/ — Fortune Industries, Inc. (NYSE Amex:
FFI) (the “Company”) announced today that on February 25, 2011, it received
notice that it has resolved its NYSE Amex (the “Exchange”) continued listing
deficiencies. The non-compliance notice from the Exchange dated July 2, 2010
stated that the Company was not in compliance with Section 803(B)(2)(c) of the
NYSE Amex Company Guide (the “Company Guide”), in that the Company’s audit
committee was not comprised of at least two independent directors. This
non-compliance was a result of the May 7, 2010 resignation of one of its
independent directors, who also served on the Company’s audit committee.

The Exchange notified the Company that it had resolved its continued listing
deficiencies on the basis of a review of publically available information and a
letter sent to the Exchange from the Company on February 23, 2011, detailing the
determination by the Board that Richard F. Suja met the independence
requirements of Section 803B(2)(a)(i) of the Company Guide as well as Rule 10A-3
of the Securities and Exchange Act of 1934, and his appointment to the Company’s
Audit Committee. The notice also stated that, as is the case for all listed
issuers, the Company’s continued listing eligibility will be assessed on an
ongoing basis. Further, the Company has become subject to the provisions of
Section 1009(h) of the Company Guide, which may be accessed at
www.nyse.com/regulation.

About Fortune Industries, Inc.

Fortune Industries, Inc. is a professional employer organization (PEO) to small
and medium-sized businesses in 48 states, providing human resource management &
consulting, training & compliance, risk management, 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.