Fortune Diversified Industries, Inc. Completes Acquisition of Nor-Cote International, Inc. and Subsidiaries

Jul 11, 2003, 01:00 ET from Fortune Diversified Industries, Inc.

    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
     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: and
     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.

SOURCE Fortune Diversified Industries, Inc.