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Friday, 04/25/2014 10:32:06 AM

Friday, April 25, 2014 10:32:06 AM

Post# of 30331
$FRTD

BLue skies after .03

Huge news out!

ERIE, PA--(Marketwired - Apr 25, 2014) - Fortitude Group, Inc. (OTC: FRTD) is pleased to announce that as part of their previously announced Stock Repurchase Plan they have purchased, through a series of open market transactions 27,550,000 shares of their common stock or 8.5% of the 305,174,925 shares currently held with Cede & Co.

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 company has also made purchases in private transactions with shareholders who hold restricted shares of Fortitude. An accounting of these restricted share purchases is being completed and the total retired share count will be announced to the public upon completion.

"We are on pace to complete our initial goal of 60,000,000 shares being purchased through open market transactions this month. We are committed to the growth of our company while increasing the value of our shareholders equity. Retiring 8.5% of our public float is one of many steps we are initiating to solidify our commitment." -Thomas J. Parilla, Fortitude CEO

For shareholder that hold restricted Fortitude securities, the company has established http://www.FRTDBuyBack.com in order to assist shareholders who would like to enter into confidential negotiations with the Company to sell their shares back to the Company and retire the shares to treasury.

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