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Erie, PA., July 8, 2013, Fortitude Group Inc., (OTC: FRTD) – Primarq Inc. CEO Steve Cinelli to meet with Bob Pisani of CNBC
Fortitude Group Inc., (OTC: FRTD) a spokesperson for Primarq Inc. a 15% minority holding of Fortitude Group Inc., informs the company that Steve Cinelli CEO of Primarq has a meeting scheduled with Bob Pisani a CNBC reporter since 1990, who reports on Wall Street and the stock market from the floor of the New York Stock Exchange. “The two will meet for a dinner meeting on July 10th to determine a schedule for Steve to be interviewed by Bob on the floor of the exchange” the spokes person stated.
Primarq Inc. is widely recognized in the Real Estate Industry based on the company’s operational model to address a market need to transform Real Estate from its long history of being a mortgage debt industry to one of equity. Primarq will bring equity funds into the housing market. Housing in the US is a $15 Trillion industry with $2 Trillion of annual debt finance, globally, $120 Trillion with $10 trillion in annual debt finance.
Fortitude CEO Thomas J Parilla commented “Primarq proprietary market platform and investment design is built on top tier data aggregation, third party and PR “Q” indices and algorithms. With the implementation of the DODD-FRANK & BASEL III legislation lenders in the US are becoming stricter. With this stricter mindset of lenders, combined with the weakened economy; real estate buyers are finding it difficult to leverage the necessary monetary resources to meet the current standards. This has created an annual equity need domestically of approximately $300 Billion Dollars. Primarq’s management team has built earlier successful Private Market Systems. The team is steeped in Financial Tech, Real Estate Finance, Regulatory and Legislation Environments. Primarq’s advisors and board consists of recognized thought leaders all combined with the goal of improving socio-economic fabric resulting in an improved homeownership profile.”
CEO Parilla further stated "We're excited for Steve and the rest of the Primarq family as they continue to move forward. I'm sure it's very satisfying to the Primarq group that has worked so hard to begin to be recognized for what they're putting together. We're very happy and proud to be a part of their success story, and will continue to work hard on our side to assist them in any way possible. We will update shareholders when we know the exact date of the CNBC interview, so all shareholders can tune in and watch the interview as it happens.”
About:
PRIMARQ is an emerging capital market system which enables equity capital to flow into the owner- occupied real estate market. Through PRIMARQ, homebuyers will be able to supplement their down payments and homeowners access equity in their homes without additional borrowing, including for purposes of facilitating loan modifications. A financial technology company, PRIMARQ seeks to improve the structure of housing finance, for the benefit of all its constituents - homebuyers, homeowners, banks, investors and the government. For additional information on PRIMARQ, please go to www.primarq.com.
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