Fastmoneytalk.com: FastMoneyTalk.com: Stock Updates: FFGO Fortress Financial Group, Inc. (PINKSHEETS: FFGO) closed at $0.0002 Tuesday, trading 109,195,557 shares.
Company News- September 24, 2008: Fortress Financial Group, Inc. -- Company Increases Its Gold Investments
Earlier today Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed that it has acquired an additional 140 million "free trading" shares in Hunt Gold Corporation Common Stock. An amount of 60,000,000 shares of Hunt Gold Corporation Common Stock was purchased at a price of US$0.005 per share and an additional amount of 80,000,000 shares of Hunt Gold Corporation Common Stock was purchased at a price of US$0.0046 per share. These shares of Hunt Gold Corporation were purchased in "off the market" transactions. These purchases were settled in cash.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Fortress Financial Group Inc
The Company was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. The Company is now focusing on its recently acquired Trinity Mercantile Finance Group and the Mortgage Bank acquisitions. This will expedite its plans to become a broadly based Consumer Finance Group. The Company's 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$1billion, which is comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused on the Mortgage Broking, Mortgage Banking, Consumer Lending and Banking Sectors. -------------------------------------------
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