BNET Industries
Market Cap:$8.0M
Last Fiscal Year Sales:$158.3M
- Public
- US
Dow Jones Description
As a holding company of various product and service entities, we have historically invested in businesses that we believe are undervalued or underperforming, and /or in operations that are poised for significant growth. Management's strategic focus is to support the growth of its operations by increasing revenues and revenue streams, managing costs and creating earnings growth. Our operations are largely decentralized from the corporate office. Autonomy is given to subsidiary entities, and there are few integrated business functions (i.e. sales, marketing, purchasing and human resources). Day-to-day operating decisions are made by subsidiary management teams. Our Corporate management team assists in operational decisions when deemed necessary, selects subsidiary management teams and handles capital allocation among our operations. We were incorporated in the state of Delaware in 1988, restructured in 2000 and redomesticated to the state of Indiana in May 2005. Prior to 2001, we conducted business mainly in the entertainment industry.
CEOJohn F. Fisbeck
Number of Employees 464
Peer Companies
NAICS Code Engineering Services: 541330
Recent Events
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Fortune Industries reveals executive promotions; Tena Mayberry to President and Randy Butler to CFO -...
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Fortune Industries names Tena Mayberry president, Randy Butler CFO - update
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FFI Reports Second Quarter Results
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FFI Q1 Profit Rises, EPS Breakeven - Update
News & Analysis
Filter by
fortune industries inc. - All News and Analysis
FFI Reports Second Quarter Results
INDIANAPOLIS, April 14 /PRNewswire-FirstCall/ -- Fortune Industries, Inc. (NYSE Amex: FFI) announced second quarter results for the quarter ended February 28, 2009. Highlights Net income available to common stock shareholders for the three months ended February 28, 2009 was $0.015 million or $0.00 per diluted...
FFI Announces Executive Promotions
INDIANAPOLIS, April 14 /PRNewswire-FirstCall/ -- Fortune Industries, Inc. (NYSE Amex: FFI) is pleased to announce the promotions of Tena Mayberry to President and Randy Butler to Chief Financial Officer of the Company. Mayberry will oversee the implementation of the Company's goals and strategies nationwide. Prior to...
FFI Announces Second Quarter Earnings Call
INDIANAPOLIS, April 10 /PRNewswire-FirstCall/ -- On Tuesday, April 14, 2009, Fortune Industries, Inc. (NYSE Amex: FFI) will host a conference call to discuss second quarter financial results and operational performance. Fortune Industries, Inc. Chief Executive Officer John Fisbeck will host the call. To access this conference call,...
Research and Markets: Review of the Innovation In The Apparel Industry in 2008
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/b1bddc/juststyles_revie) has announced the addition of the "just-style's Review of the Apparel Industry in 2008 - Management Briefing" report to their offering. 2008 was a year of surprises for the international clothing and textile sector, many of them unpleasant. It was of...
As Wal-Mart's fortunes rise, target faces challenges
NEW YORK -- The fortunes of the industry's two largest discount chains were very different in 2008. While Wal-Mart Stores Inc. saw its financial performance continue to improve throughout the year, the situation at Target Corp. got steadily worse as the year wore on. One of...
Flying high
from the editors AS WELL AS IT BEING BASEBALL SEASON, in this industry, it's also conference season. I'm just back from TAPPI/PIMA's very successful PaperCon in Dallas. I'm about to head off to Sweden for SPCI, still the world's largest exhibition/conference, as SPCI celebrates its 100th anniversary....
The UK Hotel Market Was Valued at GBP 14bn in 2006, Having Increased by 28.9% since 2002
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c77073) has announced the addition of "Hotels Market Report Plus 2007" to their offering. The UK hotel market was valued at 14bn in 2006, having increased by 28.9% since 2002. This growth was ahead of improvements in gross domestic product GDP and...
Premium brands lead the way in cider sales
British tipplers drank a record one billion pints of cider last year, equating to an impressive 2.7m pints a day, according to Nielsen figures. The category also saw a 30% increase in value in the off-trade during the last 12 months, indicating that it is the high-priced, more...
Conductive inkjet system drives down RFID costs
The fortunes of industrial inkjet applications and low cost RFID antennas are inextricably linked. Other applications include flexible circuits and thin-film batteries. Just rolled out is the Metaljet 6000, a fast roll-to-roll digital metal printer, claimed to drive down standard UHF antenna unit costs to less than 1 Euro cent--about...
Channel Resources Ltd.: Change of Directors/Stock Options.
KELOWNA, BRITISH COLUMBIA, Jun 13, 2007 CCNMatthews via COMTEX -- Channel Resources Ltd. (the "Company") (TSX VENTURE:CHU) is pleased to announce that effective June 13, 2007 Mr. Louis W. MacEachern has been appointed a Director of the Company and Mr. Cyrus Ameli has been appointed a...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John F. Fisbeck | CEO |
| Louis W. MacEachern | President |
| Tena Mayberry | President |
| Garth Allred | CFO |
| P. Andy Rayl | COO |
| Randy Butler | CFO |
| Carter M. Fortune | Treasurer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| David A. Berry | Board of Directors |
| Julia L. Reed | Board of Directors |
| Nolan R. Lackey | Board of Directors |
| Patrick Ludwig | Board of Directors |
| Rick D. Snow | Board of Directors |
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.
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | CEO | Current |
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | President | Current |
| Management Advisory Council | Current | |
| NYSE Group, Inc. | Director | Current |
| Central Alberta Well Services Corp | Director | Current |
| Learning Dividends Inc | Director | Current |
| Brazalta Resources Corp. | Director | Current |
| Fortune Diversified Industries, Inc. | Owner | Former |
| University of Calgary | Faculty | Former |
| PetroKazakhstan, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | President | Current |
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | CFO | Current |
| Fortune Diversified Industries, Inc. | CFO | Former |
| Organization | Position | Status |
|---|---|---|
| Batteries Inc. | Chief Financial Officer | Current |
| Fortune Diversified Industries, Inc. | COO | Current |
| Technuity, Inc | Chief Financial Officer | Current |
| Technuity, Inc | Director of Operations | Former |
| Technuity, Inc | Vice President of Finance | Former |
| Technuity, Inc | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | CFO | Current |
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.
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | Treasurer | Current |
| University of Cincinnati | Bachelor of Business Administration Degree In Marketing | Former |
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.
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
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.
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
| Indiana University | Bachelor of Science Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
| Fortune Diversified Industries, Inc. | Board of Directors | Former |
| Northwestern University | Master's Degree | Former |
| Oklahoma Baptist University | Bachelor Degree | Former |
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.
| Organization | Position | Status |
|---|---|---|
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
| Arizona State University | Bachelor of Science Degree In History | Former |
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.
| Organization | Position | Status |
|---|---|---|
| Obsidian Enterprises, Inc. | Chief Financial Officer | Current |
| Obsidian Enterprises, Inc. | Executive Vice President | Current |
| Fortune Diversified Industries, Inc. | Board of Directors | Current |
| Grant Thornton LLP | Former | |
| Obsidian Enterprises, Inc. | Chairman | Former |
| Kent State University | Bachelor of Business Administration | Former |
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