INDIANAPOLIS, Sept. 7 /PRNewswire-FirstCall/ -- Fortune Industries, Inc. FFI announced today that is has closed a $35 million secured, syndicated credit facility with Fifth Third Bank, Central Indiana. The $35 million credit facility is an increase of $10 million over the parties' previous agreement.

Fifth Third Bank, Central Indiana, a subsidiary of Fifth Third Bancorp, is the agent and lead lender in the facility. First Indiana Bank, N.A., a subsidiary of First Indiana Corporation is also a lender in the facility. The facility includes a five year term loan and a two year revolver. Terms of the agreement will result in approximately $200,000 in cost savings versus the parties' previous agreement as a result of more favorable borrowing rates and the elimination of maintaining minimum account balances. The facility is secured by certain assets of Fortune Industries, subject to certain customary conditions.

"This is a significant step forward for Fortune Industries, Inc. The new facility provides the liquidity and financial flexibility for the next twelve to twenty-four months to fuel our organic growth and to pursue strategic acquisitions. It also eliminates the need to acquire financing through an equity offering. The support of Fifth Third Bank over the past three years has assisted in driving our revenue growth as one of the fastest growing public companies both in the state of Indiana and across the United States," stated John Fisbeck, CEO. "The addition of First Indiana Bank into the syndicated facility is a confirmation of the quality of our operations and dedication to supporting businesses in the state of Indiana."

Additional information about Fortune Industries, Inc. can be found at http://www.ffi.net .

About Fortune Industries, Inc.:

Fortune Industries provides technology solutions to businesses categorized in three operating segments: Wireless Infrastructure, Ultraviolet Technologies & Electronics Integration, and Human Resource Solutions. The Wireless Infrastructure segment provides wireless turnkey solutions directly to carriers in 20 states and provides other specialty infrastructure services. The Ultraviolet (UV) Technologies and Electronics Integration segment provides worldwide state-of-the-art UV ink technology solutions and sales and installation of commercial electronics. The Human Resource Solutions segment provides professional employment organization (PEO) services to small and medium sized businesses with up to 1,000 employees in over 30 states including human resource consulting & management, employee assessment, training, and benefits administration. Fortune Industries is publicly traded on the American Stock Exchange under the symbol FFI.

More information can be found at Fortune Industry's website at http://www.ffi.net

This news release contains statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. The words "expect," "estimate," "anticipate," "predict," "believe" and similar expressions and variations thereof are intended to identify forward-looking statements. These statements may appear in a number of places in this release and include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things, trends affecting the Company's financial condition or results of operations. The readers of this report are cautioned that 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 "Management's Discussion and Analysis of Results of Operations and Financial Condition." 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 Form 10-KSB for the year ended August 31, 2005 and other documents filed by the Company with the Securities and Exchange Commission.

Source: Fortune Industries, Inc.