NEWS DEC 4: Fortress Financial Group, Inc. -- Statement
Source: Fortress Financial Group, Inc.
On 8:00 am EST, Friday December 4, 2009
NEW YORK, NY--(Marketwire - 12/04/09) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) today said that in response to numerous inquiries and market speculation that may be related to the imminent sale of the company or an imminent deal in respect of the sale of the Company's Gold Interests, in keeping with its policy, the Company will not comment on matters of this type.
The Company issued two Announcements; those dated November 23, 2009 and December 1, 2009. The Company's Management remains committed to the contents of those two Announcements and to the extraction of the maximum value of the Company's Gold assets for the benefit of its stockholders. Fortress Financial Group, Inc. holds an interest in two Gold Properties, namely "Bouse" and "South Copperstone." Company's Management is at this time pursuing a sale of the Company's interests in these two Gold Properties with a view to the distribution of these sale proceeds to its stockholders.
The Company will report promptly on any material developments on a Form 8-K or by press release. This is the right thing to do in the interests of our stockholders and as required legally of a public company. The Company will not comment on market rumors or trading in its stock.
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, including the risk that the Company may not be able to sell its interests in its Gold Properties for an acceptable price or any price, the risk that the price of gold may decline, and other risks identified in filings made by such company with the SEC.