Fortune Financial Systems, Inc. Reports 9 Month Record Revenues.

* Company reports record fiscal 9 Months Revenues of $32,000,000

* Possible problems with final settlement on preferred convertible program

* Company seeks to raise $5.5 million

SALT LAKE CITY, Jan. 21 /PRNewswire/ -- The preliminary results for sales during the nine months ending December 31, were approximately $32,000,000 compared with $19,000,000 for same prior year period. This represents a 68% increase in revenue over the same period last year. The company's budget plan anticipates that the consolidated pre-tax profits for the nine-month period are profitable. As soon as some audit issues are clarified with regard to such things as length of time for goodwill amortization, deferred revenue, and other such issues, the company anticipates filing to become a fully reporting company.

With the fiscal fourth quarter ending March 31, 1999, being the largest revenue generating quarter and barring some unforeseen circumstances, the company is still looking to produce revenues in the mid forty million dollar range and be profitable.

Due to the company's rapid growth, it continues to be in a cash crunch. and is additionally seeking to secure bank lines of credit in the $3-4 million range to support its increasing operational cash flow requirements.

With regard to the prior release last October 1998 regarding the resolution and final settlement on $2 million take down on $20 million preferred convertible program. As previously described, the company's largest shareholder, Success Holdings, Inc. and principals, indicated to the Company that they had signed certain agreements to purchase the Deere Park investment position. Under those agreements, installment payments were to be made. The company has just been notified by Deere Park that there exists an alleged default to them and that they will now look to the company for payment. The company's corporate council is evaluating whether the agreements were consummated. In any event, the company will seek solutions.

Additionally, the company is proceeding with its new business plan to raise $5.5 Million dollars in a combination of debt and equity. The proceeds will be used to support the internal growth, support new ventures and the possibly pay off the alleged Deere Park position.

The statements made in this press release are forward looking and reflect the Company's current expectations. There can be no assurances that the Company's actual result will meet the Company's expectations. The Company's future operating results are difficult to predict and are subject to significant fluctuations. Factors that may cause future results to differ materially from the Company's current expectation include, among other: general economic conditions, the ability and timeliness of raising funds, the health of the training industry, the expansion of the telecommunications and teleservicing industry, and the rapid expansion of the Internet industry, infomercial media costs, inventory management, company acquisitions, and size of customer outplacement accounts and the acquisition cost of new strategic business alliances.