Fortitude Group Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
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FRTD Security Details
Shares Outstanding 606,039,404 a/o Sep 30, 2013
Float 156,915,067 a/o Jun 30, 2013
Authorized Shares 998,000,000 a/o Sep 30, 2013
NEWS: NEW YORK, NY, Jan 23, 2014 (Marketwired via COMTEX) -- Fortitude Group, Inc. (OTC: FRTD) announces formation of three new majority owned subsidiaries. http://www.otcmarkets.com/stock/FRTD/news
NEW YORK, Oct. 24, 2013 /PRNewswire/ -- HULL Energy, Inc., now known as Gemini Group Global Corp. (OTC: HULL), and Fortitude Group, Inc. (OTC: FRTD) jointly announce the completion of the acquisition of ProCap Funding, Inc. http://www.otcmarkets.com/stock/FRTD/news/HULL-and-Fortitude-Group--Inc--Announce-Subsidiary-Acquisition?id=70383&b=y
----------------------------------------------------------------------------------- CEO of PRIMARQ 4 months ago!!! WOW this is HUGE!!!!!!!! https://www.youtube.com/watch?v=fzSfT0lLJ30 PRIMARQ MARKETING SEGMENT http://www.youtube.com/watch?v=VqHiX2LSK2E
NEWS FEBRUARY 21 ,2014
Fortitude Group, Inc. (FRTD) Initiates Actions to Enter Medical Marijuana Industry
NEWS FEBRUARY 24 ,2014
Fortitude Group, Inc. (OTC: FRTD) Announces MAA Partnership With EviteXchange.com for the Marijuana Industry
NEWS FEBRUARY 28 ,2014
Fortitude Group, Inc. (PINKSHEETS: FRTD) Introduces a Revolutionary Medical Marijuana Product "MariMist"
NEWS MARCH 24,2014
Fortitude Group, Inc. Launches 420cashcard.com
ERIE, PA--(Marketwired - Mar 24, 2014) - Fortitude Group, Inc. (OTC: FRTD) announced today their successful launch of 420cashcard.com.
The company has begun processing over 5,000 pre-order applications and will announce to the public initial numbers after their first issuance is completed.
According to the company website http://www.420cashcard.com, "The 420 Prepaid Discover® Card was created to fill a void in the medical and legalized recreational marijuana industry. The marijuana industry is still very fragmented and the 420 Cash Prepaid Discover® Card aids in bridging the gap between customers and merchants."
New funds can be securely added to the 420 Cash Prepaid Discover® Card by calling the toll free number or loading online though the GreenDot network. The average GreenDot MoneyPak reload card costs $4.95 to load up to $500.00. Users will also be able to check real-time balance and transaction activity, and transfer money between their cards 24 hours a day, 7 days a week.
As previously announced, unlike most cards, users will have the ability to customize the redemption of their reward points. These points can be used to redeem a wide variety of products. The 420 Cash Prepaid Discover® Card will have an emphasis on products supplied by today's top cannabis vendors including dispensaries, paraphernalia, hydroponic equipment and miscellaneous medicinal merchandise. The launch for this amazing rewards program is April 1, 2014.
Thomas J. Parilla, CEO of Fortitude, stated, "While we might be a small company in size, we are growing daily with the expansion of our business network and innovative product offerings. Taking the unique approach of announcing our product offerings to the public prior to their deployment has been a risky yet successful undertaking. Our stock has responded well on rumor but effectively achieved sell-offs on major news events. Talk is cheap though and our ultimate success will be judged by our actions and sustained follow through. Today, by proudly committing to our http://www.420cashcard.com launch timeline, we initiated the process of our 5,000+ pre-order applications, which we anticipate will earn the company approximately $16,000 in initial card purchase revenue and $144,650 in monthly transaction revenue. Beginning Q4, our monthly goal is to fulfill 15,000 new card orders. Once achieved, the company will realize approximately $48,000 in new card revenue per month while adding $433,950 in average monthly transaction fees. The company should realize a net revenue of $528,000 in annual card sales and over $33 million in annual transaction revenue.
NEWS MARCH 25,2014
Fortitude Group, Inc. Announces Private Label Card Agreement Worth Over $33 Million in Annual Revenue
RIE, PA--(Marketwired - Mar 25, 2014) - Fortitude Group, Inc. (OTC: FRTD) announced today that they have executed a private label card agreement with a fast growing bail bonds company.
The name of the company is being withheld until final approval by Fortitude's issuing bank is achieved. The company anticipates this approval within the next 14 days.
Under the terms of the agreement, Fortitude will supply and manage a private labeled Prepaid Discover® Card to a national bail bonds company who intends on using the card as a replacement to their existing national calling card program. This bail bonds company is currently licensed in five states with twelve new state applications pending approval. The bail bonds company currently uses the pre-paid phone cards as a data source in the event the customer skips out on their bail and fugitive recovery become necessary. Currently, the bail bonds company issues an average of 7500 calling cards per month.
The agreement calls for a minimum of 10,000 cards to be issued by the bail bonds company monthly within sixty days from the execution date of the agreement with Fortitude.
Thomas J. Parilla, CEO of Fortitude, stated, "This agreement further solidifies our foothold in the growing stored value industry. With this private label agreement, within the next quarter, we will be issuing a minimum of 10,000 cards per month representing approximately $32,000 in initial card purchase revenue per month and $289,300 in monthly transaction revenue. From this agreement, the company should realize a minimum net revenue of $384,000 in annual card sales and over $26 million in annual transaction revenue."
NEWS MARCH 26,2014
Fortitude Group, Inc.3 hours ago
ERIE, PA--(Marketwired - Mar 26, 2014) - Fortitude Group, Inc. (OTC: FRTD) is pleased to provide an update to its previously announced Stock Repurchase Plan.
On February 25, 2014, the Board of Directors resolved the repurchase of up to 100,000,000 Class A common shares of the Company. On March 26, 2014, the Board of Directors agreed to increase the allotted number of shares in the Stock Repurchase Plan from 100,000,000 to 250,000,000 (which can be purchased over the next 365-days). The Resolution delivers additional increases to the amount of shares in the Stock Repurchase Plan if new revenue substantiates the increase. The Company has completed all required account formation documents to begin this repurchase effective immediately.
Over the next month, the Company intends to repurchase approximately 60,000,000 shares through various open market purchases along with the repurchase of an additional 40,000,000 restricted shares in privately negotiated transactions. Each subsequent month, purchase denominations will be evaluated case by case and be based on specific market conditions and actual derived revenue.
On March 27, 2014, the Company is launching http://www.FRTDBuyBack.com to assist shareholders who currently own restricted shares of Fortitude and would like to enter into confidential negotiations with the Company to sell their shares back to the Company and retire the shares to treasury.
"We are pleased to begin this Stock Repurchase Plan. Upon completion, this plan should retire approximately 27% of our issued and outstanding stock, unless additional increases to the plan are implemented by our Board. As our revenue increases, we will continue to repurchase shares and retire them to treasury. The company has NO convertible debt, NO off-balance sheet arrangements and NO toxic debt/financing agreements, which means this buyback should reward our shareholders with an increase in our share price," stated Thomas J. Parilla CEO of Fortitude Group, Inc.
NEWS April 2, 2014
Fortitude Group, Inc. Executes Distribution Agreement With VaporVites
ERIE, PA--(Marketwired - Apr 2, 2014) - Fortitude Group, Inc. (OTC: FRTD) executes distribution agreement with VaporVites.
VaporVites, offers a unique herb vaporizing system that can be used with a wide array of dry herbs. The portable devise fits in your pocket and is ergonomically designed with a convenient storage compartments for tips and paraphernalia. The advance temperature control system with its surrounding ceramic heating chamber enhances the overall vapor experience.
Under the distribution agreement, Fortitude shall initially process orders for 10 dispensaries in Colorado with the expansion of an additional 70 dispensaries within the next quarter.
Thomas J. Parilla, CEO of Fortitude stated, "The agreement with VaporVites fits with our overall product rollout and revenue model. We are excited to begin the distribution of the VaporVites e-cig product line which will immediately produce revenue for the company at minimal hard cost to the company."
The company also announced that they are in the final funding stages with PRIMARQ and are confident that upon completion of this acquisition, PRIMARQ will add a minimum of the projected $200 million in annual revenue to Fortitudes bottom line.
The company is expanding its high revenue/low cost product initiatives and will announce them to the public as they are ready to go to market.
NEWS April 8, 2014
Fortitude Group, Inc. Receives Initial VaporVites Order
ERIE, PA--(Marketwired - Apr 8, 2014) - Fortitude Group, Inc. (OTC: FRTD) receives an initial order of 5,000 VaporVites.
The initial 5,000 unit order was received from a Colorado dispensary with 4 stores. Fortitude's cost to manufacture each VaporVites unit is $29.00. The wholesale cost to the dispensary is $89 or a profit per unit of $60.00 representing $300,000.00 profit for this initial order. Under the terms of the agreement, the dispensary paid a 25% deposit for the initial order with the balance to be paid upon product delivery. The estimated delivery time to the dispensary is April 20, 2014. The dispensary has an option to purchase an additional 25,000 units within the next 3 months at a 10% discounted wholesale price or $80.10 per unit.
Thomas J. Parilla, CEO of Fortitude, stated, "We are pleased to begin selling the VaporVites product while reflecting this product revenue on our income statement. The distribution of the VaporVites e-cig product line has immediately produced revenue for the company at minimal hard cost or capital outlay. Our goal is to wholesale a minimum of 250,000 VaporVites units in the remainder of 2014. Based on our preliminary case test study, we are confident that we will achieve, if not exceed, this goal. At our $60.00 wholesale profit per unit, we should derive roughly $15 million in 2014 from the VaporVites initiative or an additional $.0187 per share."
n further corporate development, the company has begun its previously announced share buyback of restricted common shares from Fortitude shareholders who requested information from http://www.FRTDbuyback.com. The company intends to retire to treasury approximately 180 million restricted shares this coming quarter.
The company also announces that the formation of its new Fortitude subsidiary will be completed on April 10, 2014. This new company will market the "MariMist" product to its existing distribution channel.
The company would also like to inform the investment public that it intends to hold an investor conference call the last week of April 2014. The purpose for this call is to update the public on the progress of its stored value card initiative, new product offerings and new revenue recognition for 2014.
The company is continuing to expand its high revenue/low cost product initiatives and will announce them to the public as they are ready to go to market.
Management for the company has confirmed that no new shares have come off restriction since the company's last filing and no notes or convertible debentures have been issued by the company.
NEWS April 10, 2014
Fortitude Group, Inc. Submits Special Share Issuance Certificate to Transfer Agent
ERIE, PA--(Marketwired - Apr 10, 2014) - Fortitude Group, Inc. (OTC: FRTD) announced today that on April 5, 2014, the company received 9,250,000 shares of Affinity Mediaworks Corp. (OTCQB: AFFW) and has submitted the certificate to the Affinity transfer agent to have the shares re-issued and forwarded to bona fide Fortitude shareholders of record, as of the calendar date: March 14, 2014 at 6:00pm EDT.
As previously announced, 9,250,000 shares of Affinity Mediaworks Corp., which represents approximately 14% of the to-be-issued and outstanding stock of Affinity Mediaworks, are being issued as a Special Share Issuance to bona fide shareholders of record of Fortitude Group, Inc. This issuance has been calculated that for every 92 FRTD shares beneficially owned by a Fortitude shareholder, they shall be entitled to receive 1 new additional share of Affinity Mediaworks. Affinity Mediaworks is set to invest $4,000,000 for a 45% in PRIMARQ in April 2014. Based on preliminary pro-forma numbers, while still a pre-revenue company, within 90-days of funding, PRIMARQ is projecting gross revenue of over $200 million per year. Currently, Affinity has raised the $4,000,000 necessary to complete this investment and under the terms of the funding agreement, the investment capital can only be released to
PRIMARQ upon verification that the Fortitude shareholders have received their AFFW Special Share Issuance certificates.
For shareholders that are unsure if they are on the NOBO (Non-Objecting Beneficial Owner) list or they just want to confirm that they are on the participation list, they can visit http://www.FRTDIssuance.com and input their personal information which will include their name, address, phone number, number of shares beneficially owned as of March 14, 2014 and purchase price.
The 9,250,000 shares of Affinity Mediaworks Corp. being distributed to Fortitude bona fide shareholders of record will carry registration rights and be registered in the Company's S-1(which will be filed with the SEC April 2014). The average timeline for an S-1 to be deemed effective is 90-days from the initial submission to the SEC. The first draft of the S-1 is currently being reviewed by management at this time and is expected to be filed on April 15, 2014.
Thomas J. Parilla, CEO of Fortitude stated, "Fortitude is growing at a fast pace as we move through April 2014. We are excited to have just booked our first revenue from the initial 5k VaporVites unit order and we are completing another 25k unit order which will be announced after the deposit is received. We have also just notified the public that due to unforeseen issues with our plan administrator,http://www.420cashcard.com will no longer be operating under the '420' brand and that we decided to replace the site with a more universally acceptable name Http://www.affinityblackcard.com. Through this new site we will be processing the over 7,000 card orders we received through the '420' brand. We are completing the final BETA test on the new site and anticipate its new launch on the 11th. We are still receiving submissions from the Http://www.FRTDIsuance.com site from shareholders that want to participate in this extraordinary opportunity. This new issuance should be completed the week of the 14th keeping us within our target timeline."