Fortress Financial Group, Inc. – Brief Update
SOURCE:
FORTRESS FINANCIAL GROUP, INC.
2008-08-08 12:56:00
Fortress Financial Group, Inc. – Brief Update
Fortress Financial Group, Inc. – Brief Update
Company Provides a Brief Update to Its Stockholders
NEW YORK, NY–(EMWNews – August 8, 2008) – Fortress Financial Group, Inc. (
stockholders on a wide range of issues.
Alan Santini, the CEO of Fortress Financial Group, Inc., appeals to all
stockholders to E Mail all of their questions to him today and during this
weekend; and pledges to publish detailed responses to each and every
question posed; and in a very open and transparent Press Release before the
market opens on Monday, August 11, 2008.
For the Record :-
1. The Company is continuing to repurchase its shares of Common Stock on
the Open Market; but at sensible prices; after all these are stockholder
funds being expended on this share repurchase.
Stockholders will note that selling of the Company’s stock appears to
“dried up” at the current price levels; this could be construed as
extremely positive as buyers will now be forced to pay much higher prices
for our stock; should they desire to acquire our shares of Common Stock.
This will make the stock repurchases by the Company, far more costly but
does not present a problem to us.
2. The Extraordinary Dividend remains unchanged and we are working on the
“Record Date” with all parties. The Company stands by its calculations per
share and urges stockholders to not to be swayed by “paid bashers” and
concerned investors who post negative misinformation on Message Forums on
an hourly basis.
3. The “free float” of shares may very well now be accounted for; as a
number of stockholders holding in excess of 5% of this Company’s
outstanding stock have now advised me as to their stockholdings and pledged
to (a) advise me as to their positions in this Company’s stock in and
during this weekend and to (b) file their stockholdings in Form 13(g)
filings with the SEC next week.
Based upon the calculations that we have conducted; I am now no longer
ruling out a possible short position in the Company’s shares of Common
Stock.
4. The Company expects to be in position to announce the appointment of
an Investor Relations firm early next week whom will be available to our
stockholders both by telephone and by E Mail; and from next week. This will
be “record milestone” in this Company’s history given this Company’s
complete lack of communications with its stockholders in the past.
5. The Company remains very bullish on its investments in Hunt Gold
Corporation and will continue to monitor the situation very carefully. It
would certainly appear the bid price for that Company could well go a lot
higher; which if finally successful, will yield a very handsome profit for
your Company.
6. The Company has finally managed to secure the release of the
outstanding stock dividends from the DTCC; it is expected that these will
be dealt with over the next fortnight. It appears to have a simple matter
of miscommunication and incorrect stock dividend calculations between a
number of related parties. The Company trusts that its credibility will be
on the road to recovery after we are proven not be “a bunch of liars and
crooks” as posted on many a Message Board.
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 company’s
annual report on Form 10-K or 10-KSB and other filings made by such company
with the SEC.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions