Exhibit 99.1

FFI ANNOUNCES 186% INCREASE IN 9 MOS EARNINGS


INDIANAPOLIS, INDIANA -- July 12, 2006 -- Fortune Industries, Inc. (AMEX:FFI)
announces its operating results for the third quarter of fiscal year 2006.

Revenues for the nine months ended May 31, 2006 were $109.3 million as compared
to $77.1 million for the same periods of 2005, representing a 42% increase.
Revenues for the three months ended May 31, 2006 were $39.5 million as compared
to $31.9 million for the same period of 2005, representing a 24% increase.
Quarter and year-to-date revenues are the highest in the Company's history.

Diluted net income available to common shareholders for the nine months ended
May 31, 2006 were $1,306,000 or $0.11 per share as compared to $457,000 or $0.04
per share for the same period of 2005. Diluted net income available to common
shareholders for the three months ended May 31, 2006 were $143,000 or $0.01 per
share as compared to $1,078,000 or $0.10 per share for the same period of 2005.

The Company also reaffirmed its revenue and earnings guidance of $150 million
and $0.25 per share earnings for the fiscal year ending August 31, 2006.

Earnings were reduced for the three months ended May 31, 2006 as a result of
investments in new offices, training and personnel within the Company's Wireless
Infrastructure segment and an increase in interest expense related to Corporate
borrowings. Year-to-date earnings have increased as a result of improved
operating performance within the Company's Ultraviolet Technology and
Electronics Integration segment and the Company's Human Resource Solutions
segment.

"I am very pleased with the positioning of our operations across all segments.
We continue to track $30 million of organic revenue growth for the fiscal year.
Our 186% increase in earnings available to common shareholders this year was
done despite an increase in interest and dividend costs of $1,026,000. Our
upcoming focus will be on earnings growth and realization of our investment in
expansion of our Wireless Infrastructure segment," stated John Fisbeck, CEO.

Last week Fortune Industries announced its acquisition of James Westbrook and
Associates, LLC (JWA), of Atlanta, Georgia for $720,000. JWA is a civil and
structural engineering firm providing a full array of engineering and design
services to telecommunications, development, institutional, municipal and
petroleum clients. The acquisition of JWA is expected to enhance Fortune
Wireless turnkey product offerings and geographic reach.

ABOUT FORTUNE INDUSTRIES, INC.:

Fortune Industries provides technology solutions to businesses categorized in
three operating segments, Wireless Infrastructure, Ultraviolet Technologies and
Electronics Integration, and Human Resource Solutions. The Wireless
Infrastructure segment provides wireless turnkey solutions directly to carriers
in 20 states and provides other specialty infrastructure services. The
Ultraviolet (UV) Technologies and Electronics Integration segment provides
worldwide state--of-the-art UV ink technology solutions and sales and
installation of commercial electronics. The Human Resource Solutions segment
provides professional employment organization (PEO) services to small and medium
sized businesses with up to 1,000 employees in over 30 states




including human resource consulting & management, employee assessment, training,
and benefits administration. Fortune Industries is publicly traded on the
American Stock Exchange under the symbol FFI.

More information can be found at Fortune Industry's website at
http://www.ffi.net

This news release contains statements that constitute "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and Section 27A of the Securities Act of 1933, as amended. The
words "expect," "estimate," "anticipate," "predict," "believe" and similar
expressions and variations thereof are intended to identify forward-looking
statements. These statements may appear in a number of places in this release
and include statements regarding the intent, belief or current expectations of
the Company, its directors or its officers with respect to, among other things,
trends affecting the Company's financial condition or results of operations. The
readers of this report are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and uncertainties
that could cause actual results to differ materially. Factors that might cause
or contribute to such differences, include, but are not limited to, the risks
and uncertainties that are discussed under the heading "Management's Discussion
and Analysis or Plan of Operations." The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Readers should carefully review the
risk factors disclosed within Form 10-KSB for the year ended August 31, 2005 and
other documents filed by the Company with the Securities and Exchange
Commission.

Contact:
Fortune Industries, Inc.
Amy Gallo -- CFO
(317) 532.1374

Investor Relations
Magellan Financial Media
(317) 867.2839