quote:Originally posted by gumzsa: Of course this stock has scam written all over it but I think its worth throwing a couple hundred bucks at it. Just based on the L2 buying and the PR's and the fact they are filing with the SEC makes this a great lotto ticket.
I know I have my milly ticket. If it turns sour oh well. Whats 100-200 bucks loss in pinky land. Happens all the time. But if it turns out unbelivably lucky we could make g's.
Granted, 100 or 200 bucks probably isn't going to kill you but look at it this way. Take those same two 100 dollar bills, go into your bathroom, rip them up over the toilet and flush them down. No sane person would do that, right? Well, you've got better odds that the toilet will clog and regurgitate thousands than this thing ever returning a fraction of your money. Want proof? Put a market sell in for a few of your shares and watch them go at .0000something. It's a scam and they're playing every card out there to suck in novice and naive penny investors. Don't fall for it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Ok, still new at this so help me understand, what is their angle?
If it was simply a matter of trying to sell stocks to newbies like me, why would they do so much buy back of stock instead of r\s and then issue more? The dividend would make a great carrot at that point and they bring in the money.
Even if they are running some game, the dividend would be enough of a temptation to pull some into buying it. That should\could be enough to bump it up a couple of points and thus make for a quick double or triple of investment anyway no matter how the dividend plays out. Not a bad roi in the short term, isn't it?
Posts: 1802 | From: Utah | Registered: Mar 2008
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posted
Hey upside you are somewhat right. But you NEVER put in a market sell always a limit sell in pinks. On the negative side people who bought at .0001 can actually get out at .0001 now and just lose there commission. People who buy at .0002 can sell at .0001 and get back at least half there money back. Positive side is people that bought at .0001 make a 100% gain on every single uptick which looking at the L2 just might happen. The .0002's were getting pounded yesterday and if we can get to .0003's watch out. I'll tell you what I am in at .0001 and if those .0002's start thinning I'll smack them too.
Posts: 712 | Registered: Mar 2006
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posted
there's your uptick. I didn't get any but was watching. Make sure to sell half at .0002 and ride freebies if you decide not to get all the way out.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by SeekingFreedom: Ok, still new at this so help me understand, what is their angle?
If it was simply a matter of trying to sell stocks to newbies like me, why would they do so much buy back of stock instead of r\s and then issue more? The dividend would make a great carrot at that point and they bring in the money.
Even if they are running some game, the dividend would be enough of a temptation to pull some into buying it. That should\could be enough to bump it up a couple of points and thus make for a quick double or triple of investment anyway no matter how the dividend plays out. Not a bad roi in the short term, isn't it?
this isn't anything new. company after company in pink land 'retire' or 'repurchase' shares or issue amazing divs(you usually end up with worthless restricted stock in another scam company) it's 99.999999% of the time BS. it's basically a scam. since you're a newbie you can search the stocks here and find plenty of others that offer amazing this and amazing that..why do you think they are trading on the Pinks in the first place?? lol
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
Ok, it closed at .0003 today on news of the dividend (I assume).
If this isn't new, metal1, could you explain how the other stocks like this played out? I understand a couple of the strategies that might be involved from watching a few pinks, but none of them seem to fit here.
If the CEO is stocking up in the company and he's a 10%+ shareholder, isn't he restricted in what he can dump and how fast as per the PR today? If they are taking shares off of the market won't that limit how many can be 'sold' by the company to new players and thus increase company money? I know this may be redundant, but where is the scam?
Posts: 1802 | From: Utah | Registered: Mar 2008
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posted
33b OS....how can anyone take them serious?
and the more stock they buyback, the more stock they can ultimately dump...and with pinky status, they don't need any sec filing. the CEO may not be selling his shares, but the company may sell without telling anyone...A/S remains at 5T. I cant believe that is even allowed.
Look into PNMS and their land divy, or PAIM and their divy, even BKMP gave a divy a couple yrs ago that still sits in my account with $0 value. These divys are completely worthless, every last one of them.
If you're in at 0001, you got a nice easy double.
good luck.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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I was surprised they filed so many 8K's. I had to throw a few bucks at it. I havent played a POS like this in a while. Make sure to take your profits and run when the time is right AKA dont be greedy. Have a great weekend everybody. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by SeekingFreedom: Ok, it closed at .0003 today on news of the dividend (I assume).
If this isn't new, metal1, could you explain how the other stocks like this played out? I understand a couple of the strategies that might be involved from watching a few pinks, but none of them seem to fit here.
If the CEO is stocking up in the company and he's a 10%+ shareholder, isn't he restricted in what he can dump and how fast as per the PR today? If they are taking shares off of the market won't that limit how many can be 'sold' by the company to new players and thus increase company money? I know this may be redundant, but where is the scam?
remember i didn't say you can't make money on this thing. that's how pinks work. this stock is probably hyped and posted on every board on the planet. but in the end it's basically a scam like all the others. don't be naive, play it like a scam and you can make money. they don't file any 10-k or q's so we don't really know what they are doing other than 'retiring shares' like every .0001 stock does. it's just sad to see this over and over again, where people think these are legit companies.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
Where is everybody at? All the doubters were out last week when this was at .0001's and .0002's.Now that we see .0006's and .0007's everyone disappears.
Posts: 712 | Registered: Mar 2006
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quote:Originally posted by gumzsa: Where is everybody at? All the doubters were out last week when this was at .0001's and .0002's.Now that we see .0006's and .0007's everyone disappears.
LOL, you asking a rhetorical question? i traded this back when it was GWGO... if i recall? it was above a penny then... the "doubters" posts that i saw here were being honest. anybody that thinks they are really gonna get a penny for a dividend should still be willing to buy all the way up to at least .009...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I was in GWGO too and lost it all because of reverse split. Obviously I understand peoples doubts I even have mine but all I was saying by looking at the L2 last week it was easy to see that poeple could at least make an easy double here and a bunch of peops were saying "No way"and "scam" which basically could of made people lose out on 500% gains. All ive been saying in the beginning is between seeing the buyback Prs and the 8-k filings and the huge block buys on the L2 it wouldnt of hurt to invest a couple of hundred dollars in this and make easy money. think about you could of bought 2,000,000 shares at .0001 for $200 last week and made sold for $1000 yesteray and probably even more today. No matter what happens from here scam or not people could of made awesome money here.
Posts: 712 | Registered: Mar 2006
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posted
GWGO, if you recall? How about WAGI even before that?
I just figured out that from 07/04 through 02/07, WAGI/GWGO gave me a total of 10,779,684 FREE SHARES in divi's and fwd splits! Then, in 05/07, they took it all away again with that 1:2000 RS. Then, in 01/08, another fwd split.
What in the world are they DOING?
Last week, I picked up some more *.0001 to get my cost average back down. I could sell everything today, and consider this a 4 year mistake that cost me nothing, or I could hold on for that divi and become a bazillionaire.
What to do, what to do...
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
Good point. When i was a newbie i fell for a lot of things and didnt even know what an L2 was. Heck i still fall for some stuff.lol. I was just trying to make people money and you are right there are alot of crooked people out there. There are certain people that just seem negative all the time and act like EVERYTHING is a scam and in this case, scam or not, good gains were to be had.
Posts: 712 | Registered: Mar 2006
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quote:Originally posted by gumzsa: Good point. When i was a newbie i fell for a lot of things and didnt even know what an L2 was. Heck i still fall for some stuff.lol. I was just trying to make people money and you are right there are alot of crooked people out there. There are certain people that just seem negative all the time and act like EVERYTHING is a scam and in this case, scam or not, good gains were to be had.
You're 100% correct. Good gains could have (and should have) been made off of this. That doesn't make it any less of a scam though and that's where the problem lies. This mess is being pumped to the high heavens on every known penny stock board out there, it's huge. There's many, many people who are going to invest way too much into this because they just know it's going to run to a dime or some other foolish figure.
What's going to happen next is the company is going to start dumping MASSIVE amounts of shares into the markets and it is going to quickly plummet back to .0001, followed by a trading halt and ultimately a revocation. Face it, they have 5 trillion shares to dispose of and they are just starting to hit the market. They set the stage and achieved their goals. Now you should get out before act 1 begins because it's going to get real ugly.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Upside, The only way you can trade these puppies is to depend on the "many, many people who are going to invest way too much" Most of the companies are scams, most of the "many, many people" are greedy. Buy when it is .0001, sell when it is .0006. It has already flipped twice since ffgo formed. Greed, lies, scams, scum, that's what makes the penny world go around.
Posts: 75 | From: Gatlinburg, TN. | Registered: Aug 2005
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posted
Dont worry upside I am riding free shares so no matter what haps I am protected. The pink sheets as a whole is a scam. No one ever knows whats going to happen. I own triple zero stocks with AS of just 500,000,000 and less than 200,000,000 in the float and they havent moved for months. Then you take FFGO who has a kazillion shares and its up 600%. You just never know man. Just have to play them for what their worth I guess. Its a rough game and not for the faint of heart fo sho.
Posts: 712 | Registered: Mar 2006
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posted
More NEWS!!!!!! Lets see if this can boost the PPS even more today.
Fortress Financial Group, Inc. -- Further Stock Repurchases 5 minutes ago - Market Wire
As of 12:00 AM ET 7/29/08 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 28, 2008 and July 29, 2008.
The Company repurchased an additional amount of 816,000,000 shares of its "free trading" stock at prices of US$0.0005 and at US$0.0006 per share; on July 28, 2008 and on July 29, 2008, in the market. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock. This represents a further 2.53% reduction in the Company's shares of its outstanding Common Stock. These repurchases were settled in cash.
The Company had hoped to acquire at least an additional 1 billion "free trading" shares in these past two days on the weakness in the price per share; but was unsuccessful. The Company is being as prudent and as conservative as possible in respect of the price paid per share on these repurchases in order to repurchase as much of the "free float" as possible; at the lowest possible price per share.
The Company has resolved to reduced its Authorized Share Capital to that of 35 billion shares immediately.
The Company's outstanding shares of Common Stock as at July 30, 2008 are now in the amount of 31,479,377,817. This includes all the restricted shares of the Company's Common Stock.
The Company had as at July 29, 2008, reduced its outstanding shares of Common Stock by an amount of 47% in the last month.
The Company will continue to repurchase "free trading" shares of its Common Stock today, being July 30, 2008 and will continue to do so, thereafter.
The Company's Net Asset Value per share as July 23, 2008 is now in the amount of 1.6 cents (US$0.016) per share of the Company's Common Stock.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a detailed Form 8-K with the SEC on Wednesday July 30, 2008 in respect of the share buybacks on July 28, 2008 and on July 29, 2008; as well as setting out a very detailed explanation of its calculations in respect of its Net Asset per Share.
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$500 million (this will be reduced to US$100 million after the Extraordinary Dividend payment); 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 in the Mortgage Lending and Banking sectors.
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
SOURCE: Fortress Financial Group, Inc.
Posts: 712 | Registered: Mar 2006
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posted
Well this stock is just nuts. Formerly Great West Gold and now they started at .0001 and have been buying back BILLIONS of shares and retiring them? And they are offering a penny a share dividend on a .0005 stock? OBSCENE.
Posts: 2498 | Registered: Mar 2006
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Fortress Financial Group, Inc. -- Stock Purchases in Hunt Gold Corporation
Company Confirms It Has Acquired Additional Shares of Hunt Gold Corporation Common Stock
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on July 29, 2008 that we have stated very clearly that we are seriously contemplating further purchases of Hunt Gold Corporation's stock, at what we view as "bargain basement prices," in the market thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market; at price of less than 2c (US$0.02) per share. Hunt Gold Corporation is now "in play" and is definitely subject to a Takeover Bid. This has been confirmed this morning.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 "free trading" shares of Hunt Gold Corporation Common Stock at a price of no higher US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares "free trading" shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
Alan Santini, the CEO of Fortress Financial Group, Inc. commented that he was continuing to acquire stock in Hunt Gold Corporation and based upon their stock price weakness; may well increase Fortress's holding to 9.99% of the outstanding shares of Hunt Gold Corporation's Common Stock. Alan Santini added that he would ensure that the best price could be obtained for this Company and that all serious bidders for Hunt Gold Corporation would serve our Company's interests as well those Fortress Financial Group, Inc. stockholders who received stock in Hunt Gold Corporation as a Stock Dividend.
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
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
posted
Even more news!! Thats 2 Pr's all ready today .lol
Fortress Financial Group, Inc. -- Secured Loan Facility
Company Confirms It Has Obtained a Secured Short Term Loan Facility
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has received a short term Loan facility in the amount of US$50 million to be used solely for further purchases of Hunt Gold Corporation's "free trading" stock, at what we view as "bargain basement prices," in the market; thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market at a price of less than 2c (US$0.02) per share.
These purchases of Hunt Gold Corporation are purely for investment purposes and to extract value from your Company's investment in Hunt Gold Corporation. This will not in any way affect the Company's repurchases of its own stock.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 "free trading" shares of Hunt Gold Corporation Common Stock at a price of no higher than US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares "free trading" shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
The Company will be filing a detailed filing with SEC on a Form 8-K on July 31, 2008 setting out the terms and conditions of this Loan Facility. This Loan is secured against the Company's existing and future shares of Hunt Gold Corporation Common Stock. The Loan term is for a period of no less than three months.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented, "Hunt Gold Corporation was placed on notice and we now intend to extract value from this Company for our stockholders and in respect of our investment in this Company."
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing its substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (this is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
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
Fortress Financial Group, Inc. -- Potential Change of Control
Company Confirms It Has Been Advised That a Private Equity Group Intends to Acquire 51% of the Company's Outstanding Stock
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with requests for information following certain statements in respect to a Private Equity Group acquiring up to 51% of this Company's shares of Common Stock. We can confirm that this is now extremely likely, as a number of substantial restricted stockholders have confirmed to us this morning that they have sold their shares to this Private Equity Group today. We calculate that they will be in a position to obtain 51% of this Company by Monday August 4, 2008, if not before. It appears that this Private Equity Group has built up a substantial position of the Company's "free trading" stock over a period of some time.
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced. This is a pure "value play" for this Private Equity Group.
There is now little doubt that the same Private Equity Group intends to mount a takeover bid for Hunt Gold Corporation.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that they have his full support and that he was extremely comfortable with having a supportive controlling stockholder with deep pockets. Alan Santini added that the CEO and controlling stockholder of the Private Equity Group was well known to him for a long period of time and enjoyed his full trust and respect.
Stockholders can expect to see a number of Form 13(d) filings from this Private Equity Group being filed with SEC within the allotted ten day period as they build up their stake in the Company.
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders), to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
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
posted
.0005 crazy volume... one hell of a printing press on this one IMO!!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Fortress Financial Group, Inc. -- Sale of Gold Assets
Aug 13, 2008 10:01:12 (ET)
NEW YORK, NY, Aug 13, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the sale of its interests in the "Bouse" and "South Copperstone" Gold Mining & Exploration companies will be completed on Friday August 29, 2008.
The Company will receive its shares of Goldco Common Stock on that date.
The Company and its Advisors are now in a position to plan the distribution dates of US$400 million in Goldco shares of Common Stock as an Extraordinary Dividend to its stockholders.
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
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 a "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:
Investor Insights Dick Granieri/Gordon Otter E Mail : Email Contact Telephone: 1-800-530-3545
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
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