Curious how this worked out for shareholders in 2007?
Fortress Financial Group, Inc. - Prime Time Group Reorganization
Company updates on Prime Time Group, Inc. Reorganization and Transaction
NEW YORK, Nov 26, 2007 (BUSINESS WIRE) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that in terms of its agreements with Prime Time Group, Inc. (PINKSHEETS: PRTH), Prime Time Group, Inc. has changed its name to that of Hunt Gold Corporation.
Prime Time Group, Inc. (now Hunt Gold Corporation) has been allocated a new CUSIP Number, being 445623101. A new Trading Symbol will be allocated shortly.
Prime Time Group, Inc.(now Hunt Gold Corporation) has authorized a "Reverse Split" of its outstanding stock on a 3,000 for 1 basis, the Company is awaiting confirmation of the "Effective Date" of this Reverse Split of the Company's Common Stock. This was a condition of these transactions with Fortress Financial Group, Inc.
The Reverse Split of the Company's (Prime Time Group, Inc.'s) outstanding shares of common stock will allow it to trade at an acceptable price level; as Fortress Financial Group, Inc. was not prepared to dispose of these three Gold Mining Exploration Companies, in exchange for a "sub penny or "penny" stock.
Effectively, this means that the stock acquired by Fortress Financial Group, Inc. (and other minority stockholders) in Prime Time Group, Inc. (now Hunt Gold Corporation); for its interests in Sentinel Resource Holdings plc, Golden Eagle Mining Holdings plc and Ambassador Gold Holdings plc; will be after the completion of the Prime Time Group, Inc. 3,000 for 1 Reverse Split of its outstanding shares of Common Stock.
Stockholders will be advised as to the new Trading Symbol for Prime Time Group, Inc. (now Hunt Gold Corporation); and as to the Effective Date of the Reverse Split of Prime Time Group, Inc.'s outstanding shares of common stock, as soon as this information is provided to the Company.
Fortress Financial Group, Inc. will complete the transactions with Prime Time Group, Inc. (now Hunt Gold Corporation), in respect of the acquisitions of the three Gold Mining Exploration Companies, upon the "Effective Date" of the Reverse Split of Prime Time Group, Inc.'s outstanding shares of common stock.
The details of the Company's Corporate Actions and the full implication to the Company, of these three acquisitions, will be released to the market, immediately upon signature of the various agreements, being the "Effective Date" of Prime Time Group, Inc.'s (now Hunt Gold Corporation) Reverse Split of its outstanding shares of common stock.
This reorganization of Prime Time Group, Inc. (Hunt Gold Corporation) was an integral part of its transaction with Fortress Financial Group, Inc. and its completion was vital to the completion of these transactions, this resulted in the delay in the completion of these agreements with Fortress Financial Group, Inc.
The Company is satisfied that these actions will be completed by Prime Time Group, Inc. (Hunt Gold Corporation) shortly.
Stockholders are advised that Fortress Financial Group, Inc.'s stockholding in Prime Time Group, Inc. (Hunt Gold Corporation) will be substantial, in terms of its value to the Company, as compared to the Company's (Fortress Financial Group, Inc.'s) current market capitalization.
The Company retains its interests in the "Bouse" and in the "South Copperstone" Gold Mining Exploration properties and it is envisaged that the Company will effect a similar transaction with these properties but at this time, remains in negotiations with a quoted company, in respect of these two properties.
About Fortress Financial Group, Inc.:
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets; as it intended to extract value from these assets through a future "spin off" or a sale. The Company owns a majority interest in the "Ambassador", "Golden Eagle", "South Copperstone", "Bouse" and in the "Mockingbird" Gold Mining Exploration properties.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities.
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