Business News

Fortress Financial Group, Inc. – Schedule of Stock Dividends

SOURCE:

FORTRESS FINANCIAL GROUP, INC.

2008-08-21 12:01:00

Fortress Financial Group, Inc. – Schedule of Stock Dividends

Company Clarifies the Stock Dividend Distribution

NEW YORK, NY–(EMWNews – August 21, 2008) – Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on August 18, 2008 that it was distributing the vast

majority, if not all, of its assets to its stockholders, in Stock

Dividends.

The Company clarifies these Stock Dividend distributions in order for

stockholders to clearly understand the value and the relevant dates, as

follows:

1. ENLARGED EXTRAORDINARY DIVIDEND OF GOLDCO SHARES OF COMMON STOCK

Company to distribute all of its Gold assets (through the Goldco shares) to

its stockholders in the form of an Enlarged Extraordinary Dividend now

valued at US$0.0178 per share of the Company’s Common Stock. This Stock

Dividend is valued at US$498,422,955 in Goldco shares of Common Stock.

The “Record Date” and the “Pay Date” will be announced at such time as the

Company is in possession of its shares of Goldco; after the sale of the

Company’s interests in both the “Bouse” and “South Copperstone” Gold Mining

Projects to Goldco. Goldco has indicated completion on August 29, 2008.

The Company cannot file to set a “Record Date” for this Stock Distribution

until such time as it is in possession of the Goldco shares of Common

Stock.

The Company will not delay in setting this “Record Date”; of that,

stockholders may rest assured.

The Company will not be retaining any shares in Goldco whatsoever.

2. SECOND DIVIDEND; THAT BEING STOCK IN ALAN SANTINI’S NEW COMPANY:

Alan Santini, the CEO of Fortress Financial Group, Inc., will be resigning

from the Company as its CEO and from its Board of Directors; after the

completion of these Stock Dividend Payments.

Alan Santini’s new Company, quoted on the OTC Pink Sheets Market, will be

acquiring certain of this Company’s subsidiary companies. These purchases

will be settled in stock in Alan Santini’s new Company.

At this time, we are negotiating an “arms length” valuation of these

companies and expect to announce the details of these transactions fairly

shortly.

Alan Santini has expressed his wish that these shares in his new Company

and being paid to this Company, be distributed to this Company’s

stockholders; and in full.

Once these deals have been agreed and this Company is in possession of the

stock in Alan Santini’s new Company; this Company will set a “Record Date”

and “Pay Date” for the distribution of these shares to this Company’s

stockholders. AT that time, we will be in a position to announce the value

per share of this Stock Dividend.

The Company will not be retaining any stock in Alan Santini’s new Company

whatsoever.

3. THIRD CASH DIVIDEND IN RESPECT OF THIS COMPANY’S STOCK HOLDING IN HUNT

GOLD CORPORATION:

The Company will be retaining its stockholdings in Hunt Gold Corporation

for the time being; as the Company’s Management is confident that this

could remain a very profitable investment for the immediate term. These

holdings have a market value of US$7,214,409; but Management remains

confident that the “free trading” shares held in Hunt Gold Corporation by

this Company, will fetch a substantial premium to that Company’s current

stock price. The Company announced on August 19, 2008 that should the

Company obtain a price of US$0.03 per share for the “free trading” shares,

that being at the last bid price for Hunt Gold Corporation; this will

result in a cash injection of US$14,490,000. Should this be achieved; this

will result in cash dividend for this Company’s stockholders valued at

US$0.00051 per share.

Fortress Financial Group, Inc. has a direct “free trading” holding in Hunt

Gold Corporation and in the amount of 2,509,488 shares of their Common

Stock; after the transfer to the Hunt Gold Corporation’s Transfer Agent

“Reserve Account” of an amount of 40,059,532 shares of Hunt Gold

Corporation shares of “free trading” Common Stock to ensure no further

delays in the balance of that Stock distribution by the DTCC.

Fortress Financial Group, Inc. holds an additional amount of 483,750,099

“free trading” shares of Hunt Gold Corporation Stock. It is these shares

that the Company is hoping will command a substantial premium; resulting in

cash dividend to its stockholders.

Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873

restricted shares of Hunt Gold Corporation’s shares of Common Stock. It

will not be cost effective to distribute these shares to our stockholders

and the Company may either retain this holding; or to sell this holding to

Alan Santini’s new Company in exchange for additional shares in Alan

Santini’s new Company. This would further increase the size of that Stock

Dividend of this Company’s stockholding in Alan Santini’s new Company, to

our stockholders.

4. OTHER ASSETS HELD BY THE COMPANY

The Company is currently assessing the value and potential for disposal of

additional assets held by this Company and stockholders will be advised as

to our decision in due course.

5. PROCESS OF DISTRIBUTION OF STOCK DIVIDENDS

The Company will now focus on the setting of the various “Record Date” and

“Pay Date” for each of these Dividends, commencing with the enlarged

Extraordinary Dividend of Goldco shares of Common Stock.

Stockholders will be advised as to these dates as soon as they are filed

and set and not before. It is imperative that in order to be eligible for

the receipt of these Dividends; stockholders will be required to be

registered as stockholders by the “Record Dates” as they are filed by the

Company.

In order to ensure a 100% accurate payout of these Dividends, the Company

has retained the services of a specialist firm who will co-ordinate the

entire process and liaise with all of the various Transfer Agents involved.

All stock dividends involving Goldco shares of Common Stock and stock in

Alan Santini’s new Company; will be sent to eligible stockholders by

registered mail on the “Pay Date” on each of those two Dividends. In the

event of a cash dividend, these will be handled in the normal course of

business by the Transfer Agent to the Company.

The Company will ensure that all stock repurchases by the Company; are

cancelled by its Transfer Agent well before the “Record Date” of any of

these Stock Dividends; and that the Transfer Agent’s records match those of

the Company’s; following these stock repurchases by the Company.

Alan Santini, the CEO of Fortress Financial Group, Inc., stated, “that he

hoped this clarification would enable stockholders to get an accurate

picture of the dividends and their value to each stockholder.” Alan Santini

added “that he was not in the business of giving a free ride to those who

wish to purchase stock solely for these Dividends, as his loyalties lay

with his long term stockholders and warned that very little notice will be

given in respect of the ‘Record Dates’ of these stock dividends.” Alan

Santini “stated clearly that he wished to expedite the payment of these

dividends and lay the past history of this Company to rest, once and for

all.”

About Fortress Financial Group, Inc.

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 company’s

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:
Telephone: 1-800-530-3545

Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer

Tel: (954) 840-6961

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

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





























Jerry Cruz

Tops SEO Expert, Social Media Influencer and Editor. Having published and edited more than 4700+ Articles in the last 6 years definately a PRO!

Related Articles

Back to top button