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02/13/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can now confirm that the Transfer Agent to Hunt Gold Corporation has confirmed that all stock certificates in that Company are being posted to all eligible stockholders by no later than Monday, February 18, 2008.
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Fortress Financial Group, Inc. - Loan Facility Company Secures US$5 Million Long Term Loan Facility Feb 14, 2008 2:50:00 PM View Additional ProfilesNEW YORK, NY -- (MARKET WIRE) -- 02/14/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has entered into a Long Term Loan Agreement in the amount of US$5 million. This initial loan agreement is a "non recourse" loan secured against a small portion of the Company's restricted stockholding in Hunt Gold Corporation. This loan will be drawn upon as required to fund the Company's aggressive acquisition plan.
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MARKET WIRE) -- 02/15/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can now confirm that the Transfer Agent to Hunt Gold Corporation has confirmed that all stock registered to "Cede & Co." has been sent to themselves for distribution to the various Brokers for their eligible client accounts.
This affects all stockholders in Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who held their stock, in brokerage accounts"; on the three stock dividend dates in respect of Golden Eagle Mining Holdings plc, Sentinel Resource Holdings, plc and in Ambassador Gold Holdings plc.
All of their stock is registered in the name of "Cede & Co.", the DTC clearing company.
"Cede & Co." is responsible for the allocation of these shares in Hunt Gold Corporation to the various eligible Brokers (for clients who were eligible for these Stock Dividends upon the three "Record Dates". The Brokers are responsible for the allocation of these shares in Hunt Gold Corporation to their eligible client accounts in respect of the aforesaid Stock Dividend Dates.
Cede & Co. and Brokers are solely responsible for the allocation of these shares to eligible stockholders.
The Transfer Agent to Hunt Gold Corporation, Fortress Financial Group, Inc. and Hunt Gold Corporation has absolutely no control over any part of this process whatsoever.
We ask that stockholders affected by this are to request that their Brokers request their stock in Hunt Gold Corporation, from "Cede & Co." without delay. These shares are "free trading" and in theory; should be electronically transferred to client accounts without delay. However, we strongly urge eligible and affected stockholders to request that their Brokers expedite this transfer process with "Cede & Co.".
This does not apply to stockholders who held their stock in certificate form in Great West Gold, Inc. (now Fortress Financial Group, Inc.) on those three Stock Dividend Record Dates. These stockholders will receive their stock certificates in Hunt Gold Corporation by mail, directly from the Transfer Agent, in and during the next few days.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the first quarter of 2008.
Fortress Financial Group, Inc. has secured a "non recourse" initial long term loan facility in the amount of US$5 million and intends to immediately embark upon a very aggressive acquisition strategy of synergistic companies. These acquisitions are to be funded through cash, vendor financing and the issue of the Company's restricted shares of Common Stock. The Company's strategy is to immediately build a strong Group of financial services companies with strong earnings and cash flow.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets; as it intended to extract value from these assets through a future "spin off" or a sale. The Company has disposed of its interests in the "Ambassador", "Golden Eagle" and "Mockingbird" Gold Mining Exploration properties to Hunt Gold Corporation and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company retains it interest in the "South Copperstone", and "Bouse" Gold Mining Exploration properties, at this time. It is expected that these two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, very shortly.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
-------------------------------------------------------------------------------- Contact: Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
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(MARKET WIRE) -- 02/19/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on February 14, 2008 that it had entered into a Long Term Loan Agreement in the amount of US$5 million. This initial loan agreement is a "non recourse" loan secured against a small portion of the Company's restricted stockholding in Hunt Gold Corporation. This loan will be drawn upon as required to fund the Company's aggressive acquisition plan.
The Company has appointed a boutique corporate finance company to conduct the sourcing and due diligence of these acquisitions. To date, they have identified in excess of 200 potential acquisitions.
The Company expects to announce several acquisitions in the forthcoming weeks, all of which have substantial track records of earnings and cash flow generation; and with very competent Management Teams.
The Company expects to increase its borrowings substantially in the near future, to continue this business model of aggressive acquisitions. The Company will be leveraging against its substantial portfolio of investments in order to fund this very aggressive growth, thereby ensuring an immediate and substantial cash flow and profits for the Company.
Fortress Financial Group, Inc. holds a 48% stockholding in Hunt Gold Corporation, currently valued at circa US$500 million. Fortress Financial Group, Inc. retains additional unquoted Gold Mining & Exploration interests valued at circa US$400 million. It expects to dispose of these remaining additional assets very shortly, in return for stock in a quoted USA Gold Mining Company. This will result in the Company's ability to leverage against being its quoted investments, effectively being doubled.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. commented that he was "now extremely confident that this very aggressive acquisition strategy would be swift and successful, given the results and deal flow being generated by our Corporate Finance Advisors who have advised us that are they overwhelmed in acquisition deal flow of Companies synergistic with ourselves." He added that "the immediate execution of the acquisition of several of these targeted companies will immediately transform the Company to that of a strong earnings and cash flow base, thereby expediting further and more substantial acquisitions in a far shorter period of time than previously envisaged by the Company."
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the first quarter of 2008.
Fortress Financial Group, Inc. has secured a "non recourse" initial long term loan facility in the amount of US$5 million and intends to immediately embark upon a very aggressive acquisition strategy of synergistic companies. These acquisitions are to be funded through cash, vendor financing and the issue of the Company's restricted shares of Common Stock. The Company's strategy is to immediately build a strong Group of financial services companies with strong earnings and cash flow.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets, as it intended to extract value from these assets through a future "spin off" or a sale. The Company has disposed of its interests in the "Ambassador," "Golden Eagle" and "Mockingbird" Gold Mining Exploration properties to Hunt Gold Corporation and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company retains it interest in the "South Copperstone" and "Bouse" Gold Mining Exploration properties at this time. It is expected that these two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, very shortly.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
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Tuesday, March 25 2008 12:19 PM, EST Fortress Financial Group, Inc. -- Acquisition of Additional Hunt Gold Corporation Stock Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 03/25/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has, this morning, acquired an additional amount of 50,000,000 (fifty million) shares of Hunt Gold Corporation at a price of US$1.25 per share. These shares were acquired from several Hunt Gold Corporation stockholders. These transactions were effected "off market." Fortress Financial Group, Inc. is of the opinion that the current weakness in the Hunt Gold Corporation stock price will be overcome at such time as Hunt Gold Corporation's Board of Directors are in a position to release its updated Mining Valuations and reveal its strategy for that Company, going forward. Fortress Financial Group, Inc. now controls an amount of 533,856,464 shares of Hunt Gold Corporation Common Stock. It intends to retain these shares for its Investment Portfolio and to continue to remain with its stated policy of utilizing its substantial investment portfolio as collateral; for borrowings to fund its stated aggressive acquisition policy of established companies which have a substantial profit history and are cash generative; in the consumer financial services sector. Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. , stated today "that Fortress acquired these shares at bargain basement prices based upon the value of Hunt Gold Corporation's assets and its Net Asset Value per Share." He added that "Fortress would continue to leverage off its substantial Asset Base to seize opportunities as they are presented to the Company; and without delay." Alan Santini added that "Fortress remained a buyer of Hunt Gold Corporation stock; at the current price levels."
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Huge news!!!This might actually hit the .0003's or above. Huge buys EOD at.0002 check out L2 link.
The news 1st. Fortress Financial Group, Inc. - Acquisition
Internet Wire via COMTEX
Apr 1, 2008 3:26:49 PM
Company to Acquire "Trinity Mercantile Finance" Group of Companies
NEW YORK, NY, Apr 01, 2008 (MARKET WIRE via COMTEX News Network) --
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has today entered into a "Heads of Agreement" to acquire the California based, "Trinity Mercantile Finance" Group of Companies.
Trinity Mercantile Finance Group is a substantial Mortgage Orginator; with a subsidiary company operating a short term consumer finance division.
Trinity Mercantile Finance Group will contribute an amount of not less than US$4 million to Fortress Financial Group, Inc. after tax profits; immediately.
Fortress Financial Group, Inc. remains in advanced discussions to acquire a Mortgage Bank, based in New York City and operating on a national basis. This Bank is allied with the Trinity Mercantile Finance Group.
Stockholders will be updated in the next few days as to the full details of these acquisitions.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. It acquired Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.
Upon the closure of the Trinity Mercantile Finance and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will expediting its plans to become a broadly based Consumer Finance Group.
The Company is utilizing its substantial Balance Sheet of circa US$1.4 billion comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused on the Mortgage Lending sector.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment.
The Company is now exchanging its interest in the "South Copperstone" and "Bouse" Gold Mining Exploration properties for shares of Common Stock in a USA Gold Mining & Exploration Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
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Just bought 999900 shares at .0001 should make profit some day did a sell order for .0002
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(MARKET WIRE) -- 04/07/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that is has informed Hunt Gold Corporation it is now considering a bid for Hunt Gold Corporation should its stock price continue to decrease in value.
Fortress Financial Group, Inc. is the single largest stockholder in Hunt Gold Corporation and holds circa 48% of the Company at this time.
Fortress Financial Group, Inc. confirms that should Hunt Gold Corporation's stock price continue to decrease in value, it is prepared to mount a full bid for the Company at these low stock prices.
Fortress Financial Group, Inc. is at this time canvassing other significant stockholders of Hunt Gold Corporation to support such a bid.
Fortress Financial Group, Inc. has absolutely no intention of being passive in respect of its investment in Hunt Gold Corporation and will take all necessary steps to protect the value of its holding in this Company. Fortress Financial Group, Inc. has proof that these sales of Hunt Gold Corporation stock are the work of "financially desperate" stockholders. Fortress Financial Group, Inc. intends to increase its stake in Hunt Corporation should its stock price continue to deteriorate. Fortress Financial Group, Inc. can assure its stockholders that it will "overpay" for this stock and will watch the Hunt Gold Corporation stock price very carefully before it acquires further stock.
Fortress Financial Group, Inc. can confirm that it will not contemplate a Reverse Split of Hunt Gold Corporation stock and that Fortress Financial Group, Inc. has advised Hunt Gold Corporation that it will block any attempts by this Company to do so.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. It acquired Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.
Upon the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions Fortress Financial Group, Inc. will expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the medium term.
The Company is utilizing is substantial Balance Sheet of comprised of quoted and unquoted Gold Mining & Exploration stocks to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused on the Mortgage Lending sector.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment. Fortress Financial Group, Inc. is at this time, contemplating increasing its stockholding in Hunt Gold Corporation, given that Company's current stock price which is trading at a substantial discount to its Net Asset Value.
The Company is now exchanging its interest in the "South Copperstone," and "Bouse" Gold Mining Exploration properties for shares of Common Stock in a USA Gold Mining & Exploration Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
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Glad more news is out... Lots of selling happening. I will remove my sell order and see if we get a POP thanks for the news
Posts: 1101 | From: Georgia | Registered: Apr 2006
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My thoughts.. I put my sell order back at .0002 to double my $100.... It may pop up higher but I am not too sure.... They are wanting to purchase a company that has a falling PPS.. That may not be the best idea. However there are lots of trading going on so I think a buy of 1000000 at .0001 will flip shortly at .0002 That Is my plan. Well worth the $100 risk with the volume here to see if I can profit $100-commission. However even though they say they wont consider a Reverse split. Forget that one.... They will do a R/S is they can pockit some money... Lots of money moving into the shares now. I still think the risk is worth the reward... Pennys are HOT now
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Fortress Financial Group, Inc. - Disposal of Remaining Mining Interests Market Wire - April 08, 2008 12:34 PM ET
Related Quotes Symbol Last Chg FFGO Trade 0.00 0.00 Quotes delayed at least 15 minutes
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it is to dispose of all of its stock, being the controlling stockholding in the "Bouse" and "South Copperstone" Mining Projects.
Fortress Financial Group, Inc. will receive stock in a USA quoted Gold Mining & Exploration Company ("Goldco") in exchange for these stocks.
This will remain as a passive investment in Fortress Financial Group, Inc.'s portfolio; Fortress will be a minority stockholder in Goldco. Fortress Financial Group, Inc. values its stock in Goldco, upon completion of the deal, in the amount of circa US$800 million.
Given the massive devaluation in the Hunt Gold Corporation stock, this will provide the additional leverage required by the Company to continue its aggressive acquisition strategy of companies in the consumer financial products sector.
Fortress Financial Group, Inc. has been advised by Goldco that it is highly unlikely that Goldco intends to acquire any additional stock in "Bouse" and "South Copperstone" from minority stockholders of "Bouse" and "South Copperstone" after observing the "desperate selling" of these same minorities in Hunt Gold Corporation. This decision by Goldco may change after time. This decision is entirely Goldco's and not that of Fortress Financial Group, Inc. The Management of Fortress Financial Group, Inc. agrees with Goldco's decision, as it is in Fortress Financial Group, Inc.'s interests for Goldco to maintain a stable stock price.
Fortress Financial Group, Inc. continues to watch the stock price of Hunt Gold Corporation and will decide within the next 30 to 45 days whether or not to bid for Hunt Gold Corporation, and at what price per share. Fortress Financial Group, Inc. has absolutely no intention of supporting the stock price, in the market, of Hunt Gold Corporation; that is not its policy with its "Portfolio Investments." Stockholders may rest assured that Fortress Financial Group, Inc. has absolutely no intention of allowing its holding in Hunt Gold Corporation to continue to devalue and will act accordingly, and by whatever means at its disposal, to protect Fortress Financial Group, Inc. stockholder interests.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc., commented "that he was relieved to be completing on this transaction and restoring the value of the Company's Balance Sheet given the current developments in the Hunt Gold Corporation stock price."
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. It acquired Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.
Upon the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. will expedite its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the medium term.
The Company is utilizing its substantial Balance Sheet of comprised of quoted and unquoted Gold Mining & Exploration stocks to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused on the Mortgage Lending sector.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment. Fortress Financial Group, Inc. is, at this time, contemplating making a full bid to acquire Hunt Gold Corporation, given that the Company's current stock price is trading at a massive discount to its Net Asset Value.
The Company is now exchanging its interests in the "South Copperstone" and "Bouse" Gold Mining Exploration properties for shares of Common Stock in a USA Gold Mining & Exploration Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companie's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
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(MARKET WIRE) -- 04/11/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) updates its stockholders on various transactions.
Fortress Financial Group, Inc. has negotiated a deal to "unwind" its previously announced purchase of an additional 50 million shares of Hunt Gold Corporation Common Stock at a price of US$1.25 per share. This could result in Fortress Financial Group, Inc. surrendering part of its holding in Goldco should the stock price of Hunt Gold Corporation trade below US$1.25 (adjusted for its Forward Split) in six months from now. Should Fortress Financial Group, Inc. successfully bid for and acquire Hunt Gold Corporation, a separate arrangement has been reached.
Fortress Financial Group, Inc. has renegotiated its previously announced long-term lending facility in the amount of US$5 million to fund acquisitions. It will no longer be using its stock in Hunt Gold Corporation as collateral.
Fortress Financial Group, Inc. is very confident that the acquisition of the "Trinity Mercantile Finance Group" will be consummated late next week.
Fortress Financial Group, Inc. confirms that it is to dispose of all of its stock in the Companies owning the "Bouse" and "South Copperstone" Mining Projects in exchange for stock in a USA-quoted Gold Mining & Exploration Company ("Goldco"). It expects to complete this transaction by month's end.
This will remain as a passive investment in Fortress Financial Group, Inc.'s portfolio; Fortress will be a minority stockholder in Goldco.
Fortress Financial Group, Inc. values its stock in Goldco, upon completion of the deal, in the amount of circa US$800 million.
Fortress Financial Group, Inc. will now use its stock in Goldco, a "stable stock" and not its stock in Hunt Gold Corporation as the collateral for its lending facilities and intends to increase the loan facility from the amount of US$5 million to that of US$20 million.
Fortress Financial Group, Inc. is still serious in respect of a possible bid for Hunt Gold Corporation as the stock price of Hunt Gold Corporation continues to deteriorate in value.
Fortress Financial Group, Inc. will very possibly change its strategy of holding its controlling stockholding in Hunt Gold Corporation as a "passive investment" to that of a very "active and agressive" and very possibly "hostile" stockholder. This will be done to protect Fortress Financial Group, Inc. interests in that Company.
Stockholders are advised that the Management of Fortress Financial Group, Inc. and its Advisors are examining a range of options to rectify this unacceptable "write down" on the Company's Balance Sheet. It is expected that should certain of these options be successfully implemented; they will be in interests of Fortress Financial Group, Inc. and therefore to the exclusive benefit of Fortress Financial Group, Inc. stockholders.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. It acquired Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.
Upon the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the medium term.
The Company is utilizing its substantial Balance Sheet comprised of quoted and unquoted Gold Mining & Exploration stocks to aggressively fund a large number of acquisitions in the consumer financial services sector initially focused on the Mortgage Lending sector.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment. Fortress Financial Group, Inc. is at this time, contemplating making a full bid to acquire Hunt Gold Corporation, given that the Company's current stock price is trading at a massive discount to its Net Asset Value.
The Company is now exchanging it interests in the "South Copperstone" and "Bouse" Gold Mining Exploration properties for shares of Common Stock in a USA Gold Mining & Exploration Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
-------------------------------------------------------------------------------- Contact: Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
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(MARKET WIRE) -- 04/21/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has voted its controlling stockholding in Hunt Gold Corporation of circa 48% of that Company's stock in order for Hunt Gold Corporation to acquire two additional "Gold" and "Moly" Mining Projects.
These acquisitions were announced by Hunt Gold Corporation this morning.
Hunt Gold Corporation has paid a multi-million dollar settlement to Fortress Financial Group, Inc. as Fortress voted its stock to facilitate these acquisitions; Fortress has agreed to remain as a "passive investor" in Hunt Gold Corporation and has dropped its plans to bid for Hunt Gold Corporation.
Fortress intends to account for this settlement as an "Extraordinary Item" for accounting purposes and will not be reflecting this settlement as operating income.
Fortress Financial Group, Inc. now holds circa 15% of the enlarged outstanding shares of Hunt Gold Corporation Common Stock.
It is expected that previously announced exchange of Fortress Financial Group, Inc.'s stockholdings in its remaining two unquoted Gold Mining Exploration assets, namely "Bouse" and "South Copperstone," for stock in a USA Quoted Gold Mining & Exploration Company, will be completed very shortly. Fortress will receive circa US$800million in this Company's quoted stock.
Stockholders are advised that the Company is now very close to the completion of very substantial acquisitions as announced previously, in addition to several additional acquisitions, not as yet announced.
It is intended to announce all of these acquisitions, complete with the Form 8-K filings with the SEC and "live web sites" for Fortress and all of its new Group Companies, on the same morning. This is expected to be within the next two weeks.
Stockholders are advised to exercise extreme caution in their stock dealings pending these announcements. Should all of these agreements be successfully concluded, it will have an extraordinary and immediate impact upon Fortress Financial Group, Inc.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. It acquired Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.
Upon the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will be expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the medium term.
The Company is utilizing its substantial Balance Sheet, comprised of quoted and unquoted Gold Mining & Exploration stocks, to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused on the Mortgage Lending sector.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment. Fortress Financial Group, Inc. is at this time, contemplating increasing its stockholding in Hunt Gold Corporation, given that Company's current stock price which is trading at a substantial discount to its Net Asset Value.
The Company is now exchanging its interest in the "South Copperstone," and "Bouse" Gold Mining Exploration properties for shares of Common Stock in a USA Gold Mining & Exploration Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
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