Posted: Mon Feb 18, 2008 7:37 am Post subject: Fortress Financial Group, Inc. – Confirmation of Stock Dis
Fortress Financial Group, Inc. – Confirmation of Stock Distribution
Released on: February 15, 2008, 11:46 am
Press Release Author: Fortress Financial Group, Inc.
Press Release Summary: Company confirms that shares in Hunt Gold Corporation have now been distributed to eligible stockholders
Press Release Body: NEW YORK, NY, February 15, 2008 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) can now confirm that the Transfer Agent to Hunt Gold Corporation has confirmed that all stock registered to “Cede & Co.” has been sent to themselves for distribution to the various Brokers for their eligible client accounts. This affects all 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.
All of their stock is registered in the name of “Cede & Co.”, the DTC clearing company.
“Cede & Co.” is responsible for the allocation of these shares in Hunt Gold Corporation to the various eligible Brokers (for clients who were eligible for these Stock Dividends upon the three “Record Dates”. The Brokers are responsible for the allocation of these shares in Hunt Gold Corporation to their eligible client accounts in respect of the aforesaid Stock Dividend Dates.
Cede & Co. and Brokers are solely responsible for the allocation of these shares to eligible stockholders.
The Transfer Agent to Hunt Gold Corporation, Fortress Financial Group, Inc. and Hunt Gold Corporation has absolutely no control over any part of this process whatsoever.
We ask that stockholders affected by this are to request that their Brokers request their stock in Hunt Gold Corporation, from “Cede & Co.” without delay. These shares are “free trading” and in theory; should be electronically transferred to client accounts without delay. However, we strongly urge eligible and affected stockholders to request that their Brokers expedite this transfer process with “Cede & Co.”.
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, in and during the next few days.
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. has secured a “non recourse” initial long term loan facility in the amount of US$5 million and intends to immediately embark upon a very aggressive acquisition strategy of synergistic companies. These acquisitions to be funded through cash, vendor financing and the issue of the Company’s restricted shares of Common Stock. The Company’s strategy is to immediately build a strong Group of financial services companies with strong earnings and cash flow.
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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