SOURCE: Fortress Technologies, Inc.

January 08, 2008 09:00 ET

Fortress Technologies Poised for Profitable Growth, Accepts Funding

Company's Demonstrated Success Results in Further Support From Private Equity Investment Firm Liberty Partners

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 or call 813-288-7388.

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