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FFGO NEWS OUT!! 12:47p ET September 3, 2008 (Market Wire)
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock up to September 2, 2008.
The Company repurchased an additional amount of 860,000,000 shares of its "free trading" stock at prices of US$0.0003 and at US$0.0004 per share of Common Stock. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock.
The Company's outstanding shares of Common Stock as of September 2, 2008 are now in the amount of 27,062,377,817. This includes all the restricted shares of the Company's Common Stock.
The Company is filing a Form 8-K with the SEC on Wednesday, September 3, 2008 in respect of these share repurchases.
The Company has submitted the documentation in respect of all of the shares of the Company's Common Stock repurchased by the Company to date and it is expected that the Transfer Agent will be in a position to confirm the reduced amount of the Company's outstanding shares of Common Stock very shortly.
The number of outstanding shares of the Common Stock will balance with the Transfer Agent very shortly and will not affect the payment of the Extraordinary Stock Dividend as these shares will be cancelled with the Transfer Agent, prior to the "Record Date" of that Dividend.
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.
Contact: Investor Insights Dick Granieri/Gordon Otter E Mail: Email Contact Telephone: 1-800-530-3545 Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
Cyclone, did you hear anything about a Reverse Split?
One more day for what. A Reverse merger?
Penny, I was surprise we only traded 5,000 shares.
There was no volume today. Are we halted?
Two issues that killed the stock price. 1) issuing shares shortly after they announced they won't issue more shares! 2) Being downgrade on the Pinks from Yield Status to Stop Status!
Very poor management so far.
Why is the volume so high today? Almost 1/2 billion of shares.
No Reverse split.
WEHI volume is moving! 92 million shares in 5 minutes.
I'm just wondering what happen to that IR firm BDRR hired. We haven't heard for over a month or so.
Little interest? Yeah right, I don't think so.
The PR did spark interest over 110 million shares went by in less than 10 minutes.
Yep over 515 million shares.
FFGO VOLUME just popped to 215 million shares ! Ask and Last at .0006!
I'm still waiting for that 20 cents a share Mike promised us.
FFGO ready to make another ask run! Ask and Last are at .0005 with 105 million shares.
FFGO it's time for a nice run cup and laddle?
Gee, now I wish I would have bought some more today at .0004. LOL
I kinda of like the close, today. My hunch is we will see .0005 tomorrow.
The CEO is a real piece of work.
I might have to take another dip and buy tomorrow at .0004.
Looking at a nice close.
The emails are saying reverse merger?
A reverse merger is probably in the works.
Looks like FFGO is poised to move up to the next level.
How about the IR firm they hired? Did they dump the shares?
What happen to all the volume?
Is the company diluting shares to pay for the website? Walk down maybe a PR is in the near future.
Bondmat, I believe the concern is a Reverse "Merger". Coming up on 2 billion served.
LOL, I think we will have a billion shares in less than 45 minutes! .... 5 minutes later...BINGO we hit a Billion!
Will Allan buy shares in the Open Market?
Wow! WEHI over 700 million shares in less than 30 minutes
WEHI New out! Volume 169 million shares
Hmmm I see we have late afternoon buying going on.
How many shares are out there. OS.
I agree. The Red Cross debacle caused the stock price to collapse back down to the 52 week lows. Hopefully they can make up the difference with other organizations.
The ARC fallout hurt us. The stock price reflects it. Hopefully, the company can announce new deals and increase orders.
A penny? I was hoping for at least 3 to 5 pennies in a couple of months
Where are all those die hard BDRR shareholders : stockprofit2023, MOMO, premier1one, PokerVertigo, SIX, Barren Realms 007
The American Red Cross non-deal is hurting us right now. But I'm sure when we close other deals we will move up again.