Fortress Financial Group, Inc.

May 05, 2010 12:33 ET

Fortress Financial Group, Inc. -- Highlights Progress Toward Sale

LAS VEGAS, NV--(Marketwire - May 5, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) 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. 

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.

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