Fortress Financial Group fka FFGO

[ArcNyc]

Fortress Financial Group, Inc. -- Secures Additional Loan Funding

Market Wire - Mar 30 at 10:07 NONE

Company Symbols: OTC-PINK:FFGO

Company Secures Additional Credit Line Funding of US$500,000


LAS VEGAS, NV -- (MARKET WIRE) -- 03/30/10 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has received a new "draw down" line of credit in the amount of US$500,000; effective immediately. This Credit Line is unsecured and bears interest at the rate of 12% per annum. This credit facility is short term and is due and payable on March 30, 2011.

This Credit Line allows the Company to settle immediate term Creditors, Loans and to continue to fund the costs of the Professional Advisors whom are assisting the Company in the sale of its Gold Interests. Additional sums will be expended upon day to day operational costs and to remunerate the new Corporate Communications Director being appointed.

This Credit Line removes the pressure currently upon the Company's Management to agree to terms and conditions in respect of the sale of the Company's Gold Interests; that may not be wholly acceptable given the strength of the Gold price and its strong fundamental outlook. In short, this Credit Line has strengthened the Company's bargaining position substantially.

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", "projected" or "guidelines". 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 filings made by such company with the SEC.

Contact:
Fortress Financial Group, Inc.
Peter J. Bezzano
Chairman
E Mail: [e-mail]
Twitter: http://twitter.com/FFGO
Telephone: [phone]