euro adhoc: Fortune Management Inc.
other
Fortune sells Telephone Management
Systems Ltd. to Management
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.01.2006
Zug/Switzerland, January 3, 2006 - Fortune Management Inc. (General
Standard, ISIN USU026281027, SIN: A0BLYY) sold all of its shares in
Telephone Management Systems Ltd. ("TMS") to the Austrian HCS Hotel
Communication Systems GmbH, Ellmau ("HCS") effective from December
31, 2005. Mr. Ullrich Beckmann, Executive Chairman of TMS, is the
shareholder of HCS. HCS intends to transfer a part of the acquired
shares to the existing TMS-Management.With this transaction, Fortune completes its process to focus on asset management and private equity.
End of ad hoc release
Profile of the Fortune Management Inc.: FORTUNE Management Inc,
Zug/Switzerland, pursues two parallel consolidation strategies: In
the Asset Management division the acquisition of independent asset
management companies operating in Switzerland and abroad is in the
centre of the interest; in the Private Equity segment Fortune focuses
on the acquisition or establishment of private equity managers and
funds on a global scale. Both operations work from the same platform.
FORTUNE has subsidiaries in Zug, Zurich, Geneva and Dubai. The
company targets the acquisition of a majority share in the asset
management or private equity companies. With the integration into the
group, the acquired companies of both segments are relieved from as
much administrative work ("middle office") as possible. They continue
to operate in the market under their established trade name. Neither
the customer nor the custodian bank relationships of the asset
managers are altered. The realized economies of scale result in
improved cost ratios. In the Asset Management division the support in
the areas of research as well as portfolio management aims to enhance
the risk-adequate return for the asset managers clients. In the
Private Equity segment the companies achieve an increase in volume
and a broadening of their base.The shares (ISIN: USU 026281027) of the company are listed at the Geregelter Markt [Regulated Market] (General Standard) of the Frankfurt Stock Exchange.
end of announcement euro adhoc 03.01.2006 16:57:39
Further inquiry note:
For further information:
Fortune Management Inc.
Christian Hillermann
Investor Relations Manager
Tel.: +49 40 / 23608-897
Fax: +49 40 / 23608-500
Email: ir@fortune-management.com
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Index: Prime All Share, HDAX, CDAX
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard