Fortune Industries Inc.

John F. Fisbeck was elected President, Chief Executive Officer and Director of the Company on May 27, 2005. Prior to and during the period from August 2000 through May 2004, Mr. Fisbeck was employed by Merrill Lynch as Senior Financial Advisor. From May 2004 and until his appointment by the Company, he was employed by Wachovia Securities as Senior Financial Advisor/Branch Office Manager. Mr. Fisbeck graduated with a Bachelor of Science degree in business management from Indiana University.

Carter M. Fortune was appointed Chief Executive Officer and Chairman of the Board of the Company as of January 2002. Mr. Fortune resigned as Chief Executive Officer on May 27, 2005 and was appointed Treasurer. Mr. Fortune has a Bachelor of Business Administration degree in marketing from the University of Cincinnati. He began his professional career at a leading national food brands company where after five years he had ascended to the position of Regional Marketing Manager. Mr. Fortune was then hired as Director of Marketing for a leading insurance and actuarial services provider where he served for three years. Mr. Fortune then began a period of about fifteen years where he was the owner and operator of a chain of retail stores. Concurrently Mr. Fortune began investing in, owning and operating numerous commercial and residential real estate developments; he continues to pursue such ventures.

David A. Berry was elected to the Company’s Board on November 1, 2002. Mr. Berry also serves on the Company’s Audit Committee. Mr. Berry began his professional career by starting his own underground utility trenching company in 1978, which he had grown into a national company when he sold it in 1984. Mr. Berry then worked as an operations manager for two years for a major national telecommunications utility until he started OSP Engineering (“OSP”), an outside telephone and cable systems contractor. Mr. Berry again grew OSP into a national company, with customers from Maine to California, which he sold in 1990. Mr. Berry was also one of the founding members of Citimark Communications, another wire infrastructure development company; he sold his interest to his partners and formed Shared Telecom Services in 1995. Mr. Berry grew Shared Telecom Services into a leading regional Competitive Local Exchange Carrier (CLEC) and shared tenant provider, he sold CLEC in 2000 to a large national utility.

Julia Reed was appointed to the Company's Board on November 17, 2008. Ms. Reed was appointed to fill a vacancy created when the Board of Directors of the Company increased the number of authorized directors from six (6) to eight (8). Ms. Reed is a Sr. Vice President at Simon Property Group in its Capital Markets department since 1987. Prior to Simon, Ms. Reed was an accountant for a public accounting firm and in the private sector. Ms. Reed graduated from Indiana University with a Bachelor of Science degree in accounting and continues to be actively involved with the Indiana University Kelley School of Business.

Patrick Ludwig was appointed to the Company's Board on November 17, 2008. Mr. Ludwig was appointed to fill a vacancy created when the Board of Directors of the Company increased the number of authorized directors from six (6) to eight (8). Mr. Ludwig currently serves as President of Kenra, LTD, an Indianapolis-based hair care products company, and has been with Kenra since 1995. Prior to Kenra, Mr. Ludwig worked for a Minnesota-based hair care distributor. Mr. Ludwig graduated from Arizona State University with a Bachelor of Science degree in History.

Rick D. Snow was appointed to the Company's Board on November 10, 2008. Mr. Snow was appointed to fill a vacancy created when the Board of Directors of the Registrant increased the number of authorized directors from five (5) to six (6). Mr. Snow also serves as Chairman of the Company's Audit Committee. Mr. Snow, a CPA since 1987, is the Executive Vice President and Chief Financial Officer of Obsidian Enterprises and Fair Finance Company and oversees the financial management of the Company including financial reporting, systems implementation and strategic planning. His prior experiences include several years with both National and Regional accounting firms overseeing business and assurance services and business advisory services. Mr. Snow earned a Bachelor of Business Administration from Kent State University and is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants.