Posted: Fri Feb 15, 2008 7:39 am Post subject: Fortress Financial Group, Inc. – Hunt Gold Corporation Sto
Fortress Financial Group, Inc. – Hunt Gold Corporation Stock Distribution
Released on: February 14, 2008, 4:20 pm
Press Release Author: Fortress Financial Group, Inc.
Press Release Summary: Company confirms that shares in Hunt Gold Corporation to be distributed on Monday February 18, 2008
Press Release Body: NEW YORK, NY, February 14, 2008 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can now confirm that the Transfer Agent to Hunt Gold Corporation has confirmed that all stock certificates in that Company are being posted to all eligible stockholders by no later than Monday February 18, 2008. Fortress Financial Group, Inc. Retains its 48% stockholding in Hunt Gold Corporation, currently valued at circa US$500 million. The contact details for the Transfer Agent to Hunt Gold Corporation, are as follows:
First American Stock Transfer, Inc.
706 E Bell Rd
Stockholders are requested to contact this Transfer Agent, on or after Monday February 18, 2008 to confirm their stockholdings in Hunt Gold Corporation.
Stockholders in Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who held their stock, in brokerage accounts”; on the three stock dividend dates in respect of Golden Eagle Mining Holdings plc, Sentinel Resource Holdings, plc and in Ambassador Gold Holdings plc; have their stock registered in the name of “Cede & Co.”, the DTC clearing company. First American Stock Transfer, Inc. will issuing these shares of Hunt Gold Corporation, registered to “Cede & Co.”, directly to “Cede & Co.” on Monday February 18, 2008, in order for “Cede & Co.” to allocate these shares to the eligible Brokers to allocate to their client accounts in respect of the aforesaid Stock Dividend Dates. Cede & Co. and Brokers will be responsible for the allocation of these shares to eligible stockholders. This is not a process in which either the Transfer Agent, Fortress Financial Group, Inc. or Hunt Gold Corporation has any control whatsoever.
This does not apply to stockholders who held their stock in certificate form in Great West Gold, Inc. (now Fortress Financial Group, Inc.) on those three Stock Dividend Record Dates. These stockholders will receive their stock certificates in Hunt Gold Corporation by mail, directly from the Transfer Agent.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. commented “that he was relieved that the stockholders would now benefit from the company’s long standing promise to create value through the distribution of non core assets to our stockholders.”
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of 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 first quarter of 2008.
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; as it intended to extract value from these assets through a future “spin off” or a sale. The Company has disposed of its interests in the “Ambassador”, “Golden Eagle” and “Mockingbird” Gold Mining Exploration properties to Hunt Gold Corporation and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company retains it interest in the “South Copperstone”, and “Bouse” Gold Mining Exploration properties, at this time. It is expected that these two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, very shortly.
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.
Fortress Financial Group, Inc.
Chief Executive Officer
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