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Fortress Financial Group (fka FFGO)
FFGO NEWS 4/23/10 & 8Ks:- Increase in Value
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Friday, April 23, 2010 11:43:39 AM
FFGO NEWS 4/23/10 & 8Ks:- Increase in Value of Company's Gold Holdings
(GM FFGOrs! Had some morning meetings. Nice news! Step by step...we are getting there!/V)
Company Reorganizes and Expands Its "South Copperstone" Gold Interests
LAS VEGAS, NV--(Marketwire - 04/23/10) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) has reorganized and expanded its "South Copperstone" Gold Interests, resulting in a contiguous block of 24 lode claims.
This has resulted in significant additional value having been created in the value of the Company's stockholding in its "South Copperstone" Gold Property ahead of the completion of the sale of the Company's interest in this Gold Property along with its interest in the "Bouse" Gold Property. The Company will be filing a Form 8-K today before 11h00 EDT with the details of these actions.
The Company will be filing a second Form 8-K today before 11h00 EDT in which the Company is outlining the details of its interests in both Bouse Gold, Inc. and in South Copperstone, Inc. in order to provide further and important clarification for our stockholders ahead of the completion of the sale of the Company's interests in both of these Gold Properties. This filing also outlines the Company's resolutions in respect of the outstanding stock dividends relating to both "Bouse" and in "South Copperstone" in 2005 and also deals with the payment of the final forthcoming dividend which will be announced, declared and become payable upon the completion of the sale of the Company's Gold Interests.
The Company confirms that all of the outstanding taxation and reinstatement issues in respect of these two Corporations being disposed of have now been resolved. The Company is now finally in a position to obtain the requisite audit of both of these Corporations by an external Auditor in order to fulfill the conditions precedent as are required to complete upon the sale of the Company's Gold Interests due to the Purchaser having Reporting and Filing obligations with the SEC that preclude it from consummating transactions in respect of unaudited Corporations.
The Company is fulfilling all of the conditions precedent in order to consummate the completion of the sale of its Gold interests and now is in a position to state that it now has little doubt that its recent series of corporate actions reflect a clear intention to deliver upon its promises to its stockholders and trust that these actions will allay the fears and doubts of those stockholders whom are not wholly convinced that the Company's Management are in a position to actually close these transactions, as promised and announced.
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.
Contact:Fortress Financial Group, Inc.Peter J. Bezzano Chairman
E Mail: email@example.com
FFGOTelephone: (954) 623-7409
All Investor Related Enquiries:Corporate Communications to Fortress –
Global Investor Relations
E Mail: firstname.lastname@example.org
Direct Line: (407) 403-5565
REINSTATEMENT OF BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC.
REORGANIZATION AND EXPANSION OF THE “SOUTH COPPERSTONE” GOLD EXPLORATION PROPERTIES
Fortress Financial Group (fka FFGO) () Stock Trading Info:
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