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Microcap & Penny Stocks : Fortune Financial Systems FFSY -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (313)	1/29/2000 11:40:00 AM
From: Bob87	Read Replies (1) \| Respond to of 316

Found this on Clearstation.com. Haven't seen it anywhere else. Friday January 28, 01:53 PM Eastern time Company Press Release Fortune Financial Systems Announces Restructuring, Management Changes ST. MARY, Fla.--(BUSINESS WIRE)--Jan. 28, 2000--Fortune Financial Systems of Nevada, Inc. (OTCBB-FFSY) today announced that it has begun to restructure to emphasize the database marketing business conducted by its Professional Marketing International, Inc. subsidiary in Utah and Kansas City and to concentrate efforts on developing its Internet portal for small business-to-business e-commerce. Fortune has entered into a long-term service agreement with Home Buyers Training Corporation to take over customer support of the seminar business formerly conducted by Fortune's Marketcomm subsidiary in Florida and its 247Home.com website. As a result, Fortune has ceased operations at its St. Mary, Florida office while it concentrates its resources in Utah and Kansas City. Fortune also announced that it has accepted the resignations of K. Mitchell Posner and Carl Wahl as CEO and CFO, respectively. The day to day operations of Fortune are being handled by Rob Stahura, Steve Thorne and Phil Smith, who form the executive management team at PMI. As of the date of this release, the Board is in the process of consulting with its financial and legal advisors with respect to Fortune's liabilities in order to evaluate alternatives to maximize value to the greatest extent possible. Fortune believes that PMI's existing resources and those available to it are adequate to meet its short-term financing requirements. Fortune has recently been made aware of speculation in Internet "chat rooms" regarding the Company. Although the Company as a matter of policy will not comment on rumors, to Fortune's knowledge no one with access to the Company's recent deliberations participates in such chat rooms and accordingly those who rely on such information to make investment decisions do so at their own risk. Contact: Fortune Financial Troy Sheffield, 800/860-8068