SOURCE: Fortified Holdings Corp.

May 20, 2008 08:00 ET

Fortified Holdings Completes $1.2 Million in Private Placement Funding

WASHINGTON, DC--(Marketwire - May 20, 2008) - Fortified Holdings Corp. (OTCBB: FFDH) ("Fortified" or the "Company") is pleased to announce the successful closing of a private placement financing round of common stock and warrants. The closing yielded gross proceeds of $1,260,000.

Company President Steve Cooper commented: "We are extremely pleased to have once again benefited from the enthusiastic participation of private investors. The capital raised will enhance our ability to deliver on our strategic plans while ensuring our current activities move ahead rapidly."

The private placement was 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, with each unit consisting of two shares and one warrant. The securities are not registered under the Securities Act of 1933, as amended, and were sold only to accredited investors. Fortified Chairman and CEO, Brendan Reilly, was an investor in the placement, investing $200,000 in exchange for 500,000 units (i.e., 1,000,000 shares plus 500,000 warrants).

More complete details of the private placement have been included in the Company's Form 10-Q filed on May 15, 2008 with the Securities and Exchange Commission ("SEC"). 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. is a diversified internationally focused holding company with a portfolio of dynamic and rapidly expanding industry leading business units 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. Visit our website at:

Notice Regarding 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.
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Brendan Reilly, CEO

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