Contact Information: Contact: Chris Whalen Fortress Technologies 813-288-7388 A.J. Guenther ConnellyWorks, Inc. 703-742-7184
Fortress Technologies Poised for Profitable Growth, Accepts Funding
Company's Demonstrated Success Results in Further Support From Private Equity Investment Firm Liberty Partners
| Source: Fortress Technologies, Inc.
TAMPA, FL--(Marketwire - January 8, 2008) - Fortress Technologies, a leading provider of
security and secure wireless solutions, today announced that Liberty
Partners, a private equity investment firm based in New York City, is
planning to provide growth funding required for the company to meet its
strategic objectives. This latest commitment of support will be
instrumental in positioning the company for substantial and profitable
growth, as well as further penetration into key markets.
"Fortress has an impressive track record of wins," said Tom Greig, Senior
Managing Partner, Liberty Partners. "We see the significant growth
potential for this company and have dedicated resources to ensure this
takes place."
Liberty has committed to continuing to provide guidance and oversight
through its participation on the Board of Directors. In addition to this
support, Fortress is making strategic additions to the company's executive
staff that includes a director of operations and vice president of
marketing.
"Fortress is a clear leader in the security and secure wireless field, and
has made exceptional strides to expand its penetration in the Federal
government and public sector markets," said Richard Condon, CEO and
Chairman of the Board, Fortress Technologies. "Fortress is providing
mission critical secure communications to support tactical and deployable
networks, situational awareness solutions, vehicular network communications
and other outdoor network extensions. I am fortunate to be leading a
company that not only has an established reputation and brand, but has the
backing of a reliable equity firm in Liberty Partners. This is an exciting
time at Fortress, and I am looking forward to seeing the company reach its
full potential."
About Fortress Technologies
Fortress Technologies designs, develops and manufactures market leading
security and secure wireless solutions for mission critical communications.
Rigorously tested and proven, Fortress products provide government and
commercial customers a flexible, single security solution regardless of
network infrastructure as well as industry leading secure wireless
products. Fortress' FIPS validated solutions work across fixed, portable
and mobile environments -- from the tactical edge to municipal networks.
Fortress enables immediate "on demand" secure voice, video and data
communications virtually anywhere and across all wireless transports
including Wi-Fi (802.11), WiMAX (802.16), free space optics (FSO), Military
RF and satellite. Fortress products are currently deployed in some of the
world's most demanding environments, supporting vital operations that range
from maintaining a forward presence to border protection to emergency
response.
For more information, visit www.fortresstech.com or call 813-288-7388.