Press Release Source: Fortress Financial Group, Inc. On Wednesday May 5, 2010, 12:32 pm
LAS VEGAS, NV--(Marketwire - 05/05/10) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) has been working diligently and has made significant progress toward the finalization of sale of its gold interests. In press releases during April of 2010, the company announced several steps that it has taken toward meeting this objective.
In earlier announcements the company detailed the completion of its shareholder register audits, the re-filing and re-instatement of the Bouse Gold, Inc. and South Copperstone, Inc. and the settlement of the majority of outstanding loan notes. These steps have all been accomplished and are the necessary precedents to the completion of the sale transactions. Moreover the company has incurred large expenses to prepare for the dividend distributions that will commence immediately upon conclusion of the transactions as the Company is distributing the sale proceeds, in full, to its stockholders.
The final steps to the completion of the sale and subsequent issuance of shareholder dividends now remaining are few. Fortress Financial Group, Inc. is currently working toward completion of the Bouse Gold, Inc. and the South Copperstone, Inc. audits. This step is essential as the company acquiring the assets is a publically reporting company.
Once these audits are completed, the acquiring company can finalize the purchase and the subsequent merge-in of the audited accounting, the sale will then be completed. The Company confirms that it will announce the sale simultaneously with the acquiring company; it is unlikely that the Company will need to provide any further notice to stockholders.
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