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Fortune Regains Listing Compliance

March 14, 2011

Fortune Industries Inc. (AMEX: FFI) announced earlier this month that it is back in compliance with NYSE Amex listing policies.

The exchange sent a notice of noncompliance to the company in July 2010 because the company's audit committee was not comprised of at least two independent directors. The situation arose because one of the company's independent directors had resigned on May 7, 2010.

However, Fortune Industries is back in compliance after it was determined that board member Richard Suja, who was appointed to the audit committee, met independence requirements.

Fortune Industries is an Indianapolis-based provider of professional employer organization services.