BNET Industries

Fortune Financial Inc.

is in the Financial Services Industry

Last Fiscal Year Sales:$38.1M
  • Private
  • US
Dow Jones Description

Automobile Insurance Provider

President
Fred Kayne
Number of Employees 14
Contact Information

PO Box 110

Tallahassee, Florida 32302-0110

(904) 363-6339

NAICS Code Mortgage and Nonmortgage Loan Brokers: 522310

News & Analysis

fortune financial inc. - All News and Analysis

  • Fortune Financial Inc. Announces Results

    - 2000-11-15

    Business Editors JACKSONVILLE, Fla.--BUSINESS WIRE--Nov. 15, 2000 Fortune Financial, Inc. (Nasdaq:FORU) announced a net loss of $1,434,380 ($0.19 per share) for the three months ended September 30, 2000, compared to a net loss of $2,296,982 ($0.32 per share) for the three months ended September 30, 1999. The loss...

    Tags: Fortune Financial Inc.

  • Fortune Financial, Inc. Announces Stock Purchase Agreement

    - 2000-11-15

    Business Editors JACKSONVILLE, Fla.--BUSINESS WIRE--Nov. 15, 2000 Fortune Financial, Inc. (Nasdaq:FORU) announced it has signed a Letter of Intent and is finalizing a Stock Purchase Agreement whereby the purchaser will invest $15 million into the capital base of Fortune Financial, subject to final due diligence. Fortune Financial will...

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  • Fortune Financial Announces Earnings

    - 2000-08-11

    Business Editors JACKSONVILLE, Fla.--BUSINESS WIRE--Aug. 11, 2000 Fortune Financial, Inc. (formerly Mobile America Corp.) (Nasdaq:FORU) announced a loss of $3,513,306 ($0.47 per share) for the three months ended June 30, 2000 compared to a loss of $4,036,735 ($0.56 per share) for the three months ended June 30, 1999....

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  • Fortune Financial Systems Announces Restructuring and February Sales for Its PMI Subsidiary

    - 2000-03-17

    Business Editors AMERICAN FORK, Utah--BUSINESS WIRE--March 17, 2000 Fortune Financial Systems of Nevada, Inc. FFSY today announced it has initiated, effective March 13, 2000, an Assignment for Benefit of Creditors of certain of its subsidiaries based in Lake Mary, Florida. Such subsidiaries, which discontinued operations on or before...

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  • Fortune Financial Systems Announces January Sales and Management Clarification

    - 2000-02-25

    Business Editors AMERICAN FORK, Utah--BUSINESS WIRE--Feb. 25, 2000 Fortune Financial Systems of Nevada, Inc. (OTC BB: FFSYE) today announced increased sales in January for its Professional Marketing Inc. subsidiary. January 2000 sales increased 30% over sales from January 1999. Professional Marketing Inc. PMI has...

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Decision Makers

Name (plus bio) Position
Fred Kayne President
Lew Eisaguirre Vice President
Laurence J Altman Partner

Board of Directors

Name (plus bio) Position
Arthur L. Cahoon Chairman

Organization Position Status
Fortune Financial Inc. President Current
Terravant Chairman Current
Fortune Financial Inc. Chairman Current
Terravant Land Company Chairman Current

Organization Position Status
Terravant Land Company President Current
Fortune Financial Inc. Vice President Current
Terravant Current
Terravant Land Company Co-Founder Former
University of Alaska M.B.A. Former

Organization Position Status
Fortune Financial Inc. Partner Current

Mr. Cahoon is the Chief Executive Officer of Rock Creek Capital and its affiliated entities, which are engaged in a variety of timber, real estate and private equity ventures. He is a general partner of Rock Creek Partners II, Ltd., Rock Creek's $150 million private equity fund. Mr. Cahoon co-founded Timbervest, LLC, a timberland investment management organization that managed approximately $500 million in timber assets prior to its sale in 2004. He is former member of the Board of Directors of Verio, Inc. Mr. Cahoon has previously served as the Chief Financial Officer of two distribution businesses in the Southeast and held a variety of financial, mergers and acquisitions and operations positions with The Charter Company, a former New York Stock Exchange-listed conglomerate with revenues in excess of $5 billion and operations in insurance, energy and communications. He was a certified public accountant with Arthur Andersen & Co. from 1976 to 1980. Mr. Cahoon is a graduate of Stetson University School of Business with a degree in accounting.

Organization Position Status
Rock Creek Capital Chief Executive Officer Current
Fortune Financial Inc. Chairman Current
EnCore Inc. Director Current
Images for Conservation Fund Director Current
Arthur Andersen LLP CFO Former
Rock Creek Capital Co-Founder Former
Timbervest, LLC Co-Founder Former
Verio Inc. Director Former
F.C.C. Co., Ltd. Director Former
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