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Does any one know what happened to this? Is this a new stock symbol fo the recent WGWO? I have beeb gone for a while and I just noticed this change
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
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-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
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Press Release Source: Fortress Financial Group, Inc.
Fortress Financial Group, Inc. - Negotiations to Dispose of Certain Gold Assets Thursday October 18, 1:07 pm ET Company Confirms Negotiations to Dispose of Certain of the Company's Portfolio of Gold Mining Exploration Assets
NEW YORK--(BUSINESS WIRE)--Fortress Financial Group, Inc. (PINKSHEETS: FFGO - News) confirms that it is now in advanced negotiations to dispose of its interests in the following gold mining exploration properties: “Mockingbird”, “Golden Eagle” and “Ambassador”. ADVERTISEMENT
The negotiations in respect of the sale of the “Mockingbird”, “Golden Eagle” and “Ambassador” Gold Mining Exploration properties; are being conducted with a publicly quoted company in the USA. This would result in the immediate and proper exploration being conducted on these Gold Mining Exploration properties, a very strong incentive to the Management of your Company and to the minority stockholders in these three Gold Mining Exploration properties.
Should these negotiations lead to a successful conclusion, it is anticipated that this transaction could (and is expected to) be consummated within the next thirty days.
The Company is not prepared, at this time, to advise upon the possible impact upon the Company’s asset value, upon the successful conclusion of this transaction”, which will be considerably increased due to the Company receiving cash and quoted stock as compared to our holding “passive” Gold Mining Exploration properties in our “Investment Portfolio”.
The Company is in preliminary discussions to dispose of the balance of its Gold Exploration properties; namely “Bouse.” and “South Copperstone”. Stockholders will be advised accordingly, should these discussions progress to a more serious level however, very commitment. The Company is however, extremely committed to a similar transaction in respect of these properties and as fast as is possible.
The recent record highs in the price of Gold have led to a large number of serious enquiries in respect of the Company’s Gold Mining Exploration properties. Stockholders may be assured that they will continue to benefit from the Company’s large exposure to the Gold price; this is paramount in all of your Company’s discussions with potential bidders for these Gold assets. It is expected that the successful conclusion of these transactions will reflect the true value of the Company’s stock price which remains incredibly undervalued as at the date of this announcement.
A large portion of the proceeds received from the sale of these Gold Mining Exploration properties will be distributed to the Company’s stockholders, at a “Record Date” to be announced, this being conditional upon a successful conclusion of this transaction.
The Company owns a majority interest in the “Ambassador”, “Golden Eagle”, “South Copperstone”, “Bouse” and in the “Mockingbird” Gold Mining Exploration properties.
The Company is committed to “unlock” significant value” from these Gold Mining Exploration properties, for the benefit of its stockholders and to unlock additional funding from a portion of the sales of these properties to expand its interests in its core “debit card and payment solutions” business at a far more aggressive pace. The Company has very aggressive business plans in place for the expansion of these financial service businesses and is extremely positive at this time, particularly in the upcoming launch of certain unique new debit and credit card products, to be branded and marketed with the Company’s logo, “Fortress”. The Company also expects to be in apposition to announce a Joint Venture on “co branded” ATM Card products, fairly shortly.
The majority of the balance of the stockholder interests in these Gold Mining Exploration properties; are held by the Company stockholders through various historical stock distributions. All and any sales of these Gold Mining Exploration properties will benefit the minority stockholders in these Gold Mining Exploration projects, on the same basis as the Company.
Should these negotiations be successful, it is anticipated that the Company’s President, Mr. Peter J Bezzano will join the Board of Directors of the publicly traded Company negotiating to acquire the “Ambassador”, “Golden Eagle” and “Mockingbird” Gold Mining Exploration properties.
About Fortress Financial Group, Inc.
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; it intends to extract value from these assets through a future “spin off” or a sale. Great West Gold, Inc. has now changed its name to that of Fortress Financial Group, Inc. following its entry into the financial services sector. The Company is now be primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities.
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. Stephen Lumb, + 1-914-462-3475 investor*fortfinancegroup.com
-------------------------------------------------------------------------------- Source: Fortress Financial Group, Inc.
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