SOURCE: Fortress Financial Group, Inc.
Jun 02, 2010 11:01 ET
Fortress Financial Group, Inc. -- Company Becomes a Value and Breakup Play
Company Confirms Its Pricing Guidelines on the Sale to Be Considerably Increased
LAS VEGAS, NV--(Marketwire - June 2, 2010) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can confirm that it expects to finally be in a position to announce further and more final details of the sale of its Gold Interests fairly shortly.
Stockholders are advised that the "pricing guidelines" given at US$0.003 per share of Common Stock were extremely conservative and will now, be substantially higher given the current price of Gold, not to mention the immediate and extremely positive outlook for the price of Gold and the unprecedented demand for quality Gold Properties.
Company Management clearly understands and relates to its stockholders frustrations over what are perceived to be endless delays in the completion of the sale of these assets. However, given the fact that the Purchaser of your Company's Gold Interests is a publicly traded Corporation; this limits the amount of information which your Company's Management is able to release prior to the filing of the final sale Agreement complete with the terms and dates of the Stock Dividends in respect of the distribution of the sale proceeds to our stockholders.
The sale of the Company's Gold Interests is now a "done deal." Final and very necessary steps are being taken to expedite the completion of this transaction. The Company has no problem in the completion of these last steps; the minor delays are being solely caused by the other work commitments of the external Professional Advisors whose completion of their work for our Company is vital to the final conclusion of the sale.
The Company is clearly now a "value and breakup play" and to further add to our stockholders' benefit; the rising price of Gold will substantially increase the value of the sale of the Company's Gold Interests.
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," "projected" or "guidelines." 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 filings made by such company with the SEC.
Fortress Financial Group, Inc.
Peter J. Bezzano
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