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Fortress Financial Group, Inc. — Further Particulars on Acquisition Company Provides Further Details on the “Trinity Mercantile Finance” Group Acquisition

SOURCE:

FORTRESS FINANCIAL GROUP, INC.

2008-04-02 09:39:00

Fortress Financial Group, Inc. — Further Particulars on Acquisition

Company Provides Further Details on the “Trinity Mercantile Finance” Group Acquisition

NEW YORK, NY–( EMWNews – April 2, 2008) – Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced late yesterday that it had 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$4million to Fortress Financial Group, Inc. after-tax profits;

immediately. This is based upon their historical earnings performance.

“Trinity Mercantile Group” has to date, operated under a number of

different trade names; this will now all be consolidated under one company,

to be branded as “Trinity Mercantile Finance;” and operating as a wholly

owned subsidiary company of Fortress Financial Group, Inc.

The “edge” enjoyed by Trinity Mercantile Finance Group (“Trinity”) is in

its Licensed Lending subsidiary company which advances short term secured

lending to qualifying consumers whose FICO rating scores do not yet permit

them to purchase their desired real estate. Trinity settles all arrear

debts for and on behalf of the consumer and works with a Credit Rating

Agency to immediately improve the consumer’s FICO rating. The consumer then

qualifies for the Mortgage as his FICO rating score increases; the

commission on that Mortgage is paid to Trinity along with the interest on

the short term loan advanced by Trinity to the consumer. These loans are

made at up to 25% interest; and these funds are lent out for periods of

time ranging from three weeks to three months; depending upon the

consumer’s FICO rating requirements. Trinity has had a 1% bad debt ratio in

this lending division over the past five years. It is fair to say that the

Management of Trinity has perfected this system over the years.

Fortress Financial Group, Inc. is “injecting” an amount of US$11million

into the Trinity Group Lending subsidiary Company; as Share Capital, to

allow it to grow at a massively increased rate. Its growth to date has been

constrained by fairly limited capital available for lending.

The Chief Executive Officer, General Counsel and all other management of

the “Trinity Mercantile Group” will remain unchanged; it will be “business

as usual” for Trinity. Fortress Financial Group, Inc. has no absolutely no

intention to change the Trinity Management Team whatsoever.

The Management Team of Trinity will be entering into long term contracts

with the Group and are being offered an array of incentives including a

“profit sharing structure”: based upon predetermined financial targets.

The acquisition of Trinity by Fortress; is being structured in a manner

whereby Fortress assumes no debt whatsoever.

A fully Licensed Mortgage Bank, based in New York City but operating a

national basis; and very closely allied with the Trinity Mercantile Finance

Group; is viewed as a critical acquisition by Fortress Financal Group, Inc;

as it will in effect, increase the After-Tax profits of the “Trinity

Mercantile Finance Group” by as much as 300%. Fortress Financial Group,

Inc. is confident that this acquisition will be completed shortly. The

Management Team of Trinity will work very closely with this Bank, once

acquired; and it is envisaged that certain “key management members” of

Trinity, will join the Board of Directors of this Bank in an Executive

Capacity.

The acquisition of this bank will allow Fortress Financial Group, Inc. to

easily acquire large amounts of Independent Mortgage Brokers; with the

result of massively increased profits flowing to the bottom line earnings

of the Group.

Fortress intends to permit the Bank; once acquired, to use a portion of

Fortress’s substantial Balance Sheet in order to radically increase the

Bank’s Capital Base; thereby enabling it to grow at an extremely rapid

rate. All Independent Mortgage Brokers acquired by Fortress would “feed

their mortgages” through the Bank; and utilise the Trinity “FICO

Assistance” system.” The effect of this strategy upon Fortress Group

profits is potentially massive.

Stockholders are advised that that upon the completion of these

acquisitions; Fortress will immediately commence its very aggressive

acquisition plan to build its “distribution pipeline;” through large scale

acquisitions of Independent Mortgage Brokers in targeted States.

Stockholders will be updated in the next few days as to the full details of

these acquisitions. The fact that these various entities are all regulated

and Licensed; has resulted in extensive legal and statutory filing work

being incurred; and the completion of these acquisitions is expected to

take circa 21 days.

Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc.

commented today that he was “delighted that the Company’s plans were being

coming to fruitition; and on a much larger scale than he had previously

envisaged.” Alan Santini added the “contribution to Fortress; brought about

by the Trinity Management team coming aboard, was absolutely invaluable

going forward; given the wealth of experience and vision of this Team.” He

added that he was “honoured to be working with these individuals on a day

to day basis.”

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 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 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 it 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.

Contact:

Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer

Tel: (954) 840-6961

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