3StocksOnFire — US Stock Trading Community · 451+ trades · 257% returns · 15,000 members · Main Site · Trader's Guide · Articles · Video Analyses
3 Stocks On Fire
3StocksOnFire Community Forum
Home Message Boards Trader's Guide Articles Video Analysis About Us Search Register

News:

Welcome to 3StocksOnFire! US stock trading community (2005-2010) with 451+ documented trades and 15,000+ members. View Portfolios | Stock Articles | Quotes

Main Menu

FFGO.PK

Started by penny2, February 14, 2008, 11:19:57 AM

Previous topic - Next topic

penny2

(MARKET WIRE) -- 04/11/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) updates its stockholders on various transactions.

Fortress Financial Group, Inc. has negotiated a deal to "unwind" its previously announced purchase of an additional 50 million shares of Hunt Gold Corporation Common Stock at a price of US$1.25 per share. This could result in Fortress Financial Group, Inc. surrendering part of its holding in Goldco should the stock price of Hunt Gold Corporation trade below US$1.25 (adjusted for its Forward Split) in six months from now. Should Fortress Financial Group, Inc. successfully bid for and acquire Hunt Gold Corporation, a separate arrangement has been reached.

Fortress Financial Group, Inc. has renegotiated its previously announced long-term lending facility in the amount of US$5 million to fund acquisitions. It will no longer be using its stock in Hunt Gold Corporation as collateral.

Fortress Financial Group, Inc. is very confident that the acquisition of the "Trinity Mercantile Finance Group" will be consummated late next week.

Fortress Financial Group, Inc. confirms that it is to dispose of all of its stock in the Companies owning the "Bouse" and "South Copperstone" Mining Projects in exchange for stock in a USA-quoted Gold Mining & Exploration Company ("Goldco"). It expects to complete this transaction by month's end.

This will remain as a passive investment in Fortress Financial Group, Inc.'s portfolio; Fortress will be a minority stockholder in Goldco.

Fortress Financial Group, Inc. values its stock in Goldco, upon completion of the deal, in the amount of circa US$800 million.

Fortress Financial Group, Inc. will now use its stock in Goldco, a "stable stock" and not its stock in Hunt Gold Corporation as the collateral for its lending facilities and intends to increase the loan facility from the amount of US$5 million to that of US$20 million.

Fortress Financial Group, Inc. is still serious in respect of a possible bid for Hunt Gold Corporation as the stock price of Hunt Gold Corporation continues to deteriorate in value.

Fortress Financial Group, Inc. will very possibly change its strategy of holding its controlling stockholding in Hunt Gold Corporation as a "passive investment" to that of a very "active and agressive" and very possibly "hostile" stockholder. This will be done to protect Fortress Financial Group, Inc. interests in that Company.

Stockholders are advised that the Management of Fortress Financial Group, Inc. and its Advisors are examining a range of options to rectify this unacceptable "write down" on the Company's Balance Sheet. It is expected that should certain of these options be successfully implemented; they will be in interests of Fortress Financial Group, Inc. and therefore to the exclusive benefit of Fortress Financial Group, Inc. stockholders.

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 Group 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 its substantial Balance Sheet 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. Fortress Financial Group, Inc. is at this time, contemplating making a full bid to acquire Hunt Gold Corporation, given that the Company's current stock price is trading at a massive discount to its Net Asset Value.

The Company is now exchanging it interests 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
Email Contact
Tel: (954) 840-6961

penny2


(MARKET WIRE) -- 04/21/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has voted its controlling stockholding in Hunt Gold Corporation of circa 48% of that Company's stock in order for Hunt Gold Corporation to acquire two additional "Gold" and "Moly" Mining Projects.

These acquisitions were announced by Hunt Gold Corporation this morning.

Hunt Gold Corporation has paid a multi-million dollar settlement to Fortress Financial Group, Inc. as Fortress voted its stock to facilitate these acquisitions; Fortress has agreed to remain as a "passive investor" in Hunt Gold Corporation and has dropped its plans to bid for Hunt Gold Corporation.

Fortress intends to account for this settlement as an "Extraordinary Item" for accounting purposes and will not be reflecting this settlement as operating income.

Fortress Financial Group, Inc. now holds circa 15% of the enlarged outstanding shares of Hunt Gold Corporation Common Stock.

It is expected that previously announced exchange of Fortress Financial Group, Inc.'s stockholdings in its remaining two unquoted Gold Mining Exploration assets, namely "Bouse" and "South Copperstone," for stock in a USA Quoted Gold Mining & Exploration Company, will be completed very shortly. Fortress will receive circa US$800million in this Company's quoted stock.

Stockholders are advised that the Company is now very close to the completion of very substantial acquisitions as announced previously, in addition to several additional acquisitions, not as yet announced.

It is intended to announce all of these acquisitions, complete with the Form 8-K filings with the SEC and "live web sites" for Fortress and all of its new Group Companies, on the same morning. This is expected to be within the next two weeks.

Stockholders are advised to exercise extreme caution in their stock dealings pending these announcements. Should all of these agreements be successfully concluded, it will have an extraordinary and immediate impact upon Fortress Financial Group, Inc.

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 Group and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will be 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 its substantial Balance Sheet, 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. Fortress Financial Group, Inc. is at this time, contemplating increasing its stockholding in Hunt Gold Corporation, given that Company's current stock price which is trading at a substantial discount to its Net Asset Value.

The Company is now exchanging its 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.






penny2

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 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."

penny2

load time news very soon.........don't be left in the cold jmho...... ;D

penny2

(MARKET WIRE) -- 07/01/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that its Chief Executive Officer. Alan Santini, has acquired an amount of 2,400,000,000 "free trading" shares of the Company's Common Stock at a price of US$0.0001 per share.

Alan Santini holds an additional amount of 1,500,000,000 restricted shares of the Company's stock as disclosed in a filing with the SEC on January 22, 2008.

Alan Santini will be filing an updated schedule of his holdings with SEC.

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. 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 immediate to medium term.

The Company is utilizing is substantial Balance Sheet of circa US$1billion 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 and Banking sector.

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