FFI Announces Earnings Guidance for Fiscal Year Ending June 30, 2010

INDIANAPOLIS, Oct. 5 /PRNewswire-FirstCall/ -- Fortune Industries, Inc. (NYSE
Amex: FFI) announced today revenue and earnings guidance for the fiscal year
ending June 30, 2010.

Fortune Industries, Inc. (the "Company") anticipates revenues for its fiscal
year ending June 30, 2010 of $62 to $66 million, and earnings of $0.08 per
diluted share. "We're very happy that the Company reported earnings of $0.03
per share fully diluted for our fiscal year ended June 30, 2009," stated John
Fisbeck, CEO. "In doing so, we achieved our goal of being profitable for the
year. In the previous fiscal year when we were a consolidated conglomerate,
we generated substantial losses in the months of July and August 2008.
Assuming the Company is profitable, these losses will drop off the 12-month
trailing income statement when the Company reports its first quarter earnings
on or before November 16, 2009. At that point, the Company will have a P/E
ratio and will have more clarity on the 12-month trailing financial
information. The economy is still very weak, and our guidance of $0.08 per
share fully diluted is based on a flat, stable economy going forward. Any
positive or negative fluctuations in the economy could affect the Company'
expected earnings."

The Company received a going concern qualification from its independent
auditors in its 10-K filed on December 15, 2008, and was unable to have it
removed from its 10-K for its new fiscal year end of June 30, 2009, despite
having a profitable year.

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 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, 2009.
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.

SOURCE Fortune Industries, Inc.

Fortune Industries, Inc., Carrie Hill, General Counsel, +1-317-532-1374