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
