FFGO news
(MARKET WIRE) -- 04/01/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has today entered into a "Heads of Agreement" to acquire the California based, "Trinity Mercantile Finance" Group of Companies.
Trinity Mercantile Finance Group is a substantial Mortgage Orginator; with a subsidiary company operating a short term consumer finance division.
Trinity Mercantile Finance Group will contribute an amount of not less than US$4 million to Fortress Financial Group, Inc. after tax profits; immediately.
Fortress Financial Group, Inc. remains in advanced discussions to acquire a Mortgage Bank, based in New York City and operating on a national basis. This Bank is allied with the Trinity Mercantile Finance Group.
Stockholders will be updated in the next few days as to the full details of these acquisitions.