INDIANAPOLIS, July 11 /PRNewswire-FirstCall/ -- Fortune Diversified Industries, Inc. (OTC Bulletin Board: FDVI) announced today that it has completed its acquisition of Nor-Cote International, Inc. and subsidiaries effective July 1, 2003. Nor-Cote International is a world-class technology company which manufactures UV curable screen printing inks. Nor-Cote inks are printed on many types of plastic, metals and other substrates that are compatible with the UV curing process. Typical Nor-Cote ink applications consist of plastic sheets, cell phones, bottles & containers, CD and DVD disks, rotary-screen printed labels, and membrane switch overlays. Nor-Cote International has offices and manufacturing facilities located in the United States, United Kingdom, Singapore, and Malaysia, with worldwide distributors located in Canada, China, Australia, Hong Kong, Taiwan, Italy, South Africa, and Thailand. Nor-cote International will operate as a wholly owned subsidiary of Fortune Diversified Industries. Along with the acquisition of Nor-Cote International, Fortune Diversifies Industries has also added Herman Haffner as the new Chief Executive Officer/ President for Nor-Cote's American operations. In addition to Chief Executive Officer/ Managing Director of Nor-Cote's European operations, Mike Bain will expand his current position to also include Nor-Cote's Asian operations as well. About: Fortune Diversified Industries, Inc. Fortune Diversified Industries, Inc. (FDVI) is the parent company of several subsidiaries, which includes Nor-Cote International, Inc. and Kington Sales Corp. in its manufacturing and distribution segment. Currently in its telecom segment, Fortune Diversified Industries subsidiaries include PDH, Inc., Cornerstone Wireless Services, Inc., Telecom Technology Corp. and StarQuest Wireless, Inc. For more information visit: www.fdvi.net and www.norcote.com. This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Fortune Diversified Industries, Inc., and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Fortune Diversified Industries, Inc.'s actual results may differ significantly from the results discussed or implied in such forward-looking statements.
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