SOURCE: Fortified Holdings Corp.

January 15, 2008 08:00 ET

Fortified Holdings Completes Over $5 Million in Private Placement Funding

WASHINGTON, DC--(Marketwire - January 15, 2008) - Fortified Holdings Corp. (OTCBB: FFDH) ("Fortified" or the "Company") took the next step toward becoming a market leader in the homeland security, defense and emergency response industries today by successfully closing on a second tranche of its private placement of common stock and warrants. Last week's closing yielded gross proceeds of just over $4,000,000. When added to the proceeds of an initial closing conducted in November 2007 (described in Fortified's most recent Form 10-QSB), the total gross proceeds received by the Company in the private placement now stand at over $5,000,000.

Fortified has previously disclosed its intent to raise between $12,000,000 and $20,000,000 in the current private placement. The Company anticipates conducting a third closing on additional funds within the next 30 days, bringing the total into the target range.

Alan Hurwitz, CFO of Fortified Holdings, commented: "The speed with which we were able to raise these funds and the strong relationships we have established with the investors in the process is a testament to the value we are creating for our stakeholders. The capital raised strengthens the Company's financial position today, and more importantly, improves our ability to execute on our growth acquisition strategy."

The two tranches of the private placement that have closed to date were both managed for the Company by London-based Falcon Capital LLP. The securities sold in the private placement consisted of common stock and warrants to purchase common stock of the Company. The securities that were sold were priced at $0.40 per unit (each consisting of one share and one warrant), are not registered under the Securities Act of 1933, as amended, and were sold only to offshore accredited investors. More complete details of the private placement have been included in a Form 8-K filed on November 11th with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

Fortified Holdings Corp. (OTCBB: FFDH)

Fortified Holdings Corp. aims to become a diversified internationally focused holding company with a portfolio of dynamic and rapidly expanding industry leading subsidiaries servicing the needs of first responders, the military, relief organizations, high-risk industries and similar sectors. The current and proposed business units and the portfolio companies within them will all share a common goal of designing, developing, manufacturing and globally marketing products and solutions designed to enhance the ability of personnel in this sector to collaborate, to provide improved security services, and to respond to individuals and communities in need at times of crisis.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding future activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Fortified Holdings to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop future assets, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fortified Holdings Corp., or any affiliates, has little or no control.

Fortified Holdings Corp.
Brendan Reilly, CEO

Contact Information