PROXY CORNER: Fortune Industries Inc.

Fortune Industries Inc., 6402 Corporate Drive, Indianapolis, 46278 ( www.ffi.net) is a professional employer organization to small and mid-sized businesses in 48 states. For the fiscal first quarter, which ended Sept. 30, the company reported net income of 302,000, or 2 cents per share, on revenue of $15.6 million. That compares with net income of $660,000, or 5 cents per share, on revenue of $14.8 million in the same period a year earlier. The company’s shares trade on the NYSE Amex exchange under the ticker FFI. Information for Proxy Corner was taken from the company’s proxy statement dated Jan. 24, 2011, and from Yahoo Finance.

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