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New 8-k out
Marketwire) -- 08/11/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has repurchased, today, far in excess of the unaccounted for 52,019,275 shares of its "free trading" stock.
The Company is now going to publish, on a daily basis, full details of all disclosed stockholdings in this Company; this serves as a warning to those to seek to damage this Company, its stock price and to prejudice our stockholders.
Stockholders are urged to fax their stockholdings to the Company as requested, we undertake not to disclose any stockholder names whatsoever.
We are now in discussions with a certain Private Equity Group as to the best way to maximize stockholder value based upon this extraordinary situation.
The Company will be filing a Form 8-K with the SEC tonight; detailing the stock repurchases today.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
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 a "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.
Hand raised with over 52 mil.
Get ready for the price explosion.
YES Company buying today WOW!
(Marketwire) -- 08/11/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) clarifies and simplifies its statements made in a Press Release earlier today in respect of free trading shares of Common Stock.
1. The Company has demonstrated that its outstanding "Free float" shares of Common Stock is accounted for.
2. The holders listed on the schedule that are filing Form 13(g)'s with the SEC are not sellers of the stock but long-term investors. They have indicated that they remain buyers of the Company's stock.
3. The Private Equity Group planning to acquire not less than 51% of the Company's outstanding Stock is very aware of these substantial stockholders and is attempting to acquire their stockholdings in the Company.
4. The Company has very clearly demonstrated that a short position may well exist based upon the numbers published today.
5. The Company is repurchasing stock in the Company and has acquired a large number of additional shares today at prices of US$0.0003 and at 0.0004 per share. The Company will announce the details of its repurchases in the morning.
6. The Press Release earlier today accounted for the 11,562,388,992 "free trading" shares repurchased by the Company to date.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
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 a "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:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
MM manipulation here IMO
How was that bad news? Looks good to me
company buying cheap shares now IMO
Sorry I misread "the Co. and SRCH" My bad.
Friends278 Thank-you so Goldco is SRCH.OB nice find
(Marketwire) -- 08/11/08 -- Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), an independent oil and gas company, announces that the company which has entered into material definitive acquisition Agreement, Implantable Vision Inc., has filed a preliminary proxy statement pursuant to section 14(A) of the Securities Exchange Act of 1934 in connection to the Change in Control Transaction and annual meeting advance notice for proposals to be included in proxy materials. It has given a notice for a special meeting of shareholders on Monday, August 25th, 2008. Among the proposals to be voted on are: Amend its Amended and Restated Articles of Incorporation dated November 15, 2006, as further amended to date (collectively referred to herein as the "Articles"), to change the name of the Company to "Arcland Energy Corporation"; Amend its Articles changing the number of shares of Company common stock, par value $0.001 per share, into which each share of our Series A Preferred Stock may be converted from ten (10) to sixteen (16) shares; and permit the Company to take action by the written consent of fewer than all of the shareholders entitled to vote with respect to the subject matter of the action as provided for in Utah Revised Corporation Act Section 16-10a-704. In conjunction with the proxy statement, the Company, as of July the 30th, has filed a Current Report on Form 8K, which discloses details of the replacement of its Amended and Restated Bylaws. Important Additional Information regarding the Reverse Merger, proxy statements and other documents filed with or furnished to the SEC at the SEC's website at http://www.sec.gov.
Following the events mentioned above, Pilgrim will announce and declare a buyout program in which Arcland Energy's shares will be distributed to Pilgrim's stockholders of record. The declaration date and ratio of the distribution will be announced during the end of August 2008.
As these corporate actions occur, Pilgrim, American Petroleum Corporation and Lariat Energy Corporation will maintain and keep providing their operating services for the Texas assets, while continuing their acquisition plan for oil and gas fields with upside potential.
About Pilgrim Petroleum Corporation.
Headquartered in Dallas, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PINKSHEETS: PGPM) (FRANKFURT: PHV). Pilgrim Petroleum Corporation is an independent oil and gas company based in Dallas, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2008 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
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--------------------------------------------------------------------------------CONTACT:
Pilgrim Petroleum Corporation
Eddie Monet
619-864-0166
www.apetroleum.com
Source: Pilgrim Petroleum Corporation--------------------------------------------------------------------------------
Great work ALAN!!
(Marketwire) -- 08/07/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Private Equity Group currently bidding for Hunt Gold Corporation has indicated that they intend to raise their bid price for that Company from their current bid price of US$0.025 per share. They intend do so prior to the market open, on August 8, 2008.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 "free trading" shares of Hunt Gold Corporation Common Stock at a price of no higher US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares "free trading" shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
Fortress Financial Group, Inc. stands to make a very substantial profit from its stockholding in Hunt Gold Corporation; should this Takeover bid for Hunt Gold Corporation be successful.
Fortress Financial Group, Inc. received a short Loan facility in the amount of US$50 million to be used solely for further purchases of Hunt Gold Corporation's "free trading" stock, at what we view as "bargain basement prices," in the market; thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation.
These purchases of Hunt Gold Corporation are purely for investment purposes and to extract value from your Company's investment in Hunt Gold Corporation. This will not in any way affect the Company's repurchases of its own stock. The Company filed a detailed Form 8-K with the SEC on July 31, 2008 setting out the terms and conditions of this Loan Facility. This Loan is secured against the Company's existing and future shares of Hunt Gold Corporation Common Stock.
Fortress Financial Group, Inc. has not as yet increased its stockholding in Hunt Gold Corporation nor has it utilized this Loan facility whatsoever. The Company will however do so; should the bidders for Hunt Gold Corporation obtain in excess of 51% of the outstanding stock in that Company.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing its substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
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:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
More HGLC News--
(Marketwire) -- 08/07/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) can confirm that the Private Equity Group intends to increase its bid price in order to obtain control of the Company.
The Private Fund has undertaken to advise us late today as to what price per share they intend to increase their offer from their current bid price of US$0.025 per share. This will be announced prior to the market open, in the morning.
The Private Equity Group now holds an amount of 93,150,103,500 shares of the Company's stock, amounting to 31.7% of the Company's Common Stock.
Based upon the non acceptance of the current bid price by a number of substantial stockholders, The Board of Directors believe that this Private Equity Group will have to substantially raise their offer price should they wish to assume control of the Company.
The Private Equity Group has confirmed that they are seeking to acquire all of the outstanding shares of this Company's Common Stock; and to then merge it with another Gold Company already under their control.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal" interests. The Company is completing the sale of its "American Molygold" interests.
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.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
HGLC news out--
(Marketwire) -- 08/07/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed on August 1, 2008 that it had received an offer for the Company which was valued at a price per share of US$0.025. There were a number of conditions attached to this offer and the Board of Directors required more time before advising stockholders as to whether or not they could recommend this bid to stockholders.
We have been served with notice that this Private Equity Group has acquired an additional amount of 20,700,023,000 shares of the Company's shares of restricted Common Stock. They now hold an amount of 93,150,103,500 shares of the Company's stock; amounting to 31.7% of the Company's Common Stock.
The Board of Directors has been contacted by stockholders who represent substantial blocks of the company's outstanding stock who have indicated that they wish to remain as long term stockholders in this Company and have no desire to sell their stockholdings at US$0.025 per share to the Private Equity Group. Based upon these facts, the Board urges stockholders to exercise caution in their dealings until such time as we are able to provide them with an accurate valuation of this Company's assets. The Board of Directors believes that this Private Equity Group will have to substantially raise their offer price should they wish to assume control of the Company.
We were served notice and were provided with proof on August 1, 2008 that this Private Equity Group had already acquired a block of stock in the Company, amounting to 72,450,080,500 shares of the Company's shares of restricted Common Stock. They paid an amount of US$0.025 per share to acquire these shares. That gave them a 24.6% interest in the Company as at August 1, 2008.
Furthermore, this Private Equity Group has come to an agreement with Fortress Financial Group, Inc., who has undertaken not to dispose of any its "free trading" shares in the Company, and to co-operate with the Private Equity Group in their takeover bid for this Company. Fortress Financial Group, Inc. served notice to this effect upon the Company on August 1, 2008.
It seems extremely likely that this Private Equity Group wishes to acquire 100% of the Company, and to then merge it with another Gold Company already under their control. This is extremely unlikely to happen unless the offer price per share is raised by the Private Equity Group or any other bidder, and very substantially.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal" interests. The Company is completing the sale of its "American Molygold" interests.
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.
--------------------------------------------------------------------------------For further information contact:
Mr. Michael G Saner
Hunt Gold Corporation
MARKET WIRE) -- 08/04/08 -- Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May announced today the early goals for ServeNation have been surpassed and increased.
May stated, "As our shareholders know, ServeNation became a unique opportunity for Pine Ridge Holdings. It contains a great business model, a win-win as it relates to social responsibility and what seems like unlimited growth potential. The current state of dot com models is such that the valuation for a revenue generating dot com like ServeNation is 3.75 times gross revenue. The decision was made to abandon a long-term strategy and to create a very specific and aggressive plan to build ServeNation through the holiday season. Then, using a skilled merger and acquisition firm, put the company up for sale. I have stated in the past and continue to state that part of the proceeds from the sale of ServeNation will be distributed in the form of a dividend and part used in the acquisition of additional high growth holdings. The math isn't hard. $15,000 a day in gift card sales puts ServeNation's value at $20 million.
"Andrew Maley was hired as Vice President of Sales and Marketing for ServeNation to aggressively pursue the three parts of the strategy to get us there -- 1) by October 1, hire 15 independent contractors across the country to build the number of gift card stores and then assist functioning stores with sales. The count as of today is 14 with others being interviewed. This goal will easily be surpassed in August. 2) Aid in the creation of 500 gift card stores by November 1 -- the beginning of the holiday buying season. Gift cards sales totaled $26 billion during the holiday season of 2007 and it is estimated that 500 active gift card stores will generate more than 100 orders per day. As of today, more than 650 stores have been created and I am revising the goal to 1,000 by November 1. 3) Aid in the education of consumers using the store. Having a store isn't enough; consumers must buy from it. ServeNation continues to work on tools to aid the non-profit entities however; Andrew has started work on our most exciting addition. Scripts are being written for video presentations that will be found on the ServeNation site. By September 15, anyone either wanting a store or wanting to promote their store will have video support by simply going to www.servenation.com. The education part of the strategy will be completed 45 days ahead of schedule and include powerful tools to help buyers."
May continued, "The reaching of the three parts of our strategy 45+ days ahead of schedule and the need to double the total store goal shows the strength of where we are headed. To be more specific about the sale of ServeNation, we are already in close contact with the firm that we will use for the sale. Once we are able to release news on that front we will. We do want all of the holiday season sales on the books to increase the value as much as possible. Work has already begun to facilitate the sale when it is the right time."
May concluded, "As we get closer to placing ServeNation on the market, we will release all information that we can, knowing that some confidentiality agreements and non-disclosures are already in place. Those who have done due diligence on ServeNation know that what we have is unique and the uniqueness is part of our value. In the spirit of openness, I will share just one of the types of strategies we are using behind the scenes... non-profit boards tend to be composed of successful business owners. These owners, once they fully understand what can be done with gift cards, become huge customers for the non-profit gift store. Law firms can buy all of their paper using Office Depot cards. Construction companies can use Lowe's or Home Depot cards. And in perhaps our most exciting recent negotiation, trucking companies can use our gas cards. A regional trucking company can buy more than $300,000 in gas per month."
Shareholders are encouraged to visit http://www.pineridgeholdings.com for informational updates.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
--------------------------------------------------------------------------------CONTACT:
Pine Ridge Holdings, Inc.
Kevin May
260-637-9090
Source: Pine Ridge Holdings, Inc.
(MARKET WIRE) -- 08/04/08 -- Syndication Inc. (OTCBB: SYDI) reports that it has engaged in negotiations for the position of "Director of Marketing" to run the marketing campaign for the acquisition of and/or the start up process of the next 10 Sy-Med units. The job of "Director of Marketing" will be to coordinate and develop the direct relationship between the Company and the local attorneys, doctors, hospitals, and businesses in the specific location of each decompression center. There are a number of professionals that have enlisted for this position. As terms become clear, the Company will release the relevant details of their engagement. "Now that we hired Doctor Brian Lancaster as the Director of Clinical Operations, we will now focus on a Director of Marketing for Clinical Operations -- another sign of progress and the ability of the Company to attract high level professionals to the program," says Brian Sorrentino, the CEO of Syndication Inc.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
--------------------------------------------------------------------------------For Further Information Contact:
Syndication Inc.
Brian Sorrentino
Phone # 202-467-2788
Source: Syndication Inc.
Well Run Board Vianna! #1 on IHUB
It will work out, just takes patience and courage.
Way to go V. Thank-you for the clarification.
8-K OUT here it is
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(D) of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported): July 31, 2008
FORTRESS FINANCIAL GROUP, INC.
(Exact name of registrant as specified in charter)
Wyoming
(State or other Jurisdiction of Incorporation or Organization)
000-24262
(Commission File Number) 1903 60th Place E,
Suite M2240
Bradenton, Florida 34203 91-1363905
(IRS Employer Identification No.)
(Address of Principal Executive Offices and zip code)
(954) 840-6961
(Registrant's telephone
number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
--------------------------------------------------------------------------------
ITEM 8.01 OTHER EVENTS
On July 29, 2008 the Company entered into a Short Term Loan Agreement with St James Capital Holdings, Inc. The terms of this loan agreement are as follows :-
1. St James Capital Holdings, Inc. ("St James") has agreed to advance an amount of up to US$50,000,000 (fifty million dollars) to Fortress Financial Group, Inc. ("Fortress") with immediate effect.
2. This Loan may be drawn down by Fortress from St James; upon demand.
3. This Loan is expressly for the purchase of "free trading" and unrestricted shares in Hunt Gold Corporation (HGLC.PK) by Fortress. Fortress is prohibited from purchasing shares in Hunt Gold Corporation at a price greater than US$0.015 per share of Hunt Gold Corporation Common Stock.
4. This Loan and the accrued interest is repayable in full by Fortress to St James on or before December 31, 2008.
5. This Loan carries interest at a rate of 12% per annum, calculated on the outstanding balance from day to day. This interest will be payable by Fortress to St James at the termination of this Loan.
6. This Loan is secured by all of the shares of Hunt Gold Corporation Common Stock (HGLC.PK) currently held by both Fortress and by Western Diversified Mining Resources, Inc.; as well by each and every share of Hunt Gold Corporation Common Stock purchased by Fortress as from July 31, 2008.
7. Should Fortress fail or be unable to repay this Loan to St James on or before December 31, 2008; St James has the irrevocable right to immediately take possession of all of the stock in Hunt Gold Corporation held by both Fortress and by Western Diversified Mining Resources, Inc. In that event, Fortress and Western Diversified Mining Resources, Inc. will lose all of its rights, title, claims and ownership to those shares of Hunt Gold Corporation; to St James without any recourse whatsoever.
An amount of 483,750,099 shares of Hunt Gold Corporation (HGLC.PK) Common Stock is held by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company as at July 31, 2008. These shares are now eligible to have their restrictive legend removed and will be "free trading" within seven days from today.
An amount of 1,363,588,873 restricted shares of Hunt Gold Corporation (HGLC.PK) Common Stock are held directly by the Company as at July 31, 2008.
An amount of 42,569,020 "free trading" shares of Hunt Gold Corporation (HGLC.PK) Common Stock are held directly by the Company as at July 30, 2008.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
None.
2
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Fortress Financial Group, Inc.
Date: July 31, 2008 By: /s/ Alan Santini
Alan Santini
Chief Executive Officer
MARKET WIRE) -- 07/31/08 -- Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV) is pleased to announce its financial results for its six months ended June 30, 2008. Pilgrim's Net Revenues for the year totaled $64,453 compared with $42,255 during second quarter last year, an increase of 53%. On the other hand, operating expenses reported an increase of 100% approximately from $64,164 to $144,043 compared to last year's results. The increase in operating expenses was primarily due to the increase in administrative and operational costs and infrastructure.
Pilgrim's detailed financial statements can be viewed at http://www.bpetroleum.com and will be also available at http://www.pinksheets.com.
About Pilgrim Petroleum Corporation:
Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV) is an independent oil and gas company based in Dallas, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2008 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
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--------------------------------------------------------------------------------CONTACT:
Pilgrim Petroleum Corporation
Eddie Monet
619-864-0166
www.apetroleum.com
Yes most likly Lumb
MARKET WIRE) -- 07/31/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with requests for information following certain statements in respect to a Private Equity Group acquiring up to 51% of this Company's shares of Common Stock.
We can confirm that this is now extremely likely, as a number of substantial restricted stockholders have confirmed to us this morning that they have sold their shares to this Private Equity Group today. We calculate that they will be in a position to obtain 51% of this Company by Monday August 4, 2008, if not before. It appears that this Private Equity Group has built up a substantial position of the Company's "free trading" stock over a period of some time.
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced. This is a pure "value play" for this Private Equity Group.
There is now little doubt that the same Private Equity Group intends to mount a takeover bid for Hunt Gold Corporation.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that they have his full support and that he was extremely comfortable with having a supportive controlling stockholder with deep pockets. Alan Santini added that the CEO and controlling stockholder of the Private Equity Group was well known to him for a long period of time and enjoyed his full trust and respect.
Stockholders can expect to see a number of Form 13(d) filings from this Private Equity Group being filed with SEC within the allotted ten day period as they build up their stake in the Company.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders), to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
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:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
Email Contact
Tel: (954) 840-6961
Source: Fortress Financial Group, Inc.
Cash dividends? Do you expect cash dividends from this company Stephen? WOW that would be Great! Rob
Market Makers can they have exemption, and to Quote my broker Tim "They can do anything they want" In my opinion they are the problem here in pinky land.
Alan PLEASE give us the details of the GWGO/Unitrust Capital reverse merger! It's over a year old, Thank-you and good job so far. Rob
Yes, good base at .0005 x .0006, well be .001 by end of week IMO
Well Run Board Vianna! #1 on IHUB, YES!
Stephen do you know more about FFGO than you are able to say until official Pr's are out? Rob.
Stephen do you know more about FFGO than you are able to say until official Pr's are out?
Stephen, Thank-you again for posting I think it's Great! Is it possible the hold-up at DTCC is because of a Naked Short position that existed on GWGO, back then Great West was complaining of that. even had stuff on the web site about it.
OK Then why are you involved with a micro-penny pink sheet stock? Also can you tell us why the GWGO dividends were not payed years ago, before FFGO? Thank-you. Rob
Mr Lumb how long were you involved with GWGO? THX.
Vianna, No disrespect here, but I am surprised as to the lack of knowledge here. FFGO was formed from a reverse merger of two companies one-- GWGO of which lumb is very familiar and two-- a private comp. Unitrust Capital SA Group. That took the OS from aprox. 4+ bil to over 640 bil. That was over a year ago, and there have never been any details. Part of that merger according to the Pr at the time was an Audit of GWGO, which we have never seen. I am sure Lumb knows more than he is willing to say of these issues, btw, I think FFGO is much more than we realise. I am planning on holding some of my position for a long while. Respectfully Rob Also thank-you for your contributions to the board!
Yes but you must know something
Stephen THX for being here I am a long time share holder, over 3 yrs. Could you enlighten me as to the Unitrust Capital SA Group reverse merger that increased the OS to over 600 bil. We have never got details of that Thank-you
Don't let bashers scare you out major run coming IMO
THX I bug my broker now!