SOURCE: Fortified Holdings Corp.

July 10, 2007 09:01 ET

Fortified Holdings Enters Into Letter of Intent to Acquire FastNet Solutions, Inc.

ROCKVILLE, MD--(Marketwire - July 10, 2007) - Fortified Holdings Corp. (OTCBB: FFDH) ("Fortified Holdings" or the "Company") is pleased to announce that it has entered into a letter of intent regarding the acquisition of FastNet Solutions, Inc.

Robinson Nunez, President of FastNet Solutions, said, "We are very enthusiastic about the prospect of this deal. The solutions being delivered through our Mobile Rugged Technologies business unit, when brought together with solutions from other planned subsidiaries of Fortified Holdings such as Z5 Technologies, will provide the combined company with the ability to deliver industry-leading deployable solutions to first responders and warfighters around the world."

"The business opportunities created by adding FastNet Solutions to our planned portfolio of companies is an excellent opportunity to increase our ability to serve clients and increase stakeholder value," said Denny Mee, interim President of Fortified Holdings. "With these discussions and the potential future acquisition that they represent, Fortified intends to deliver on its goal of acquiring small to mid-sized technology-driven companies that are focused on providing global first responders, war fighters and demanding mobile users continuous access to mission critical data and communications -- Anywhere, Anytime and under Any condition."

Headquartered in Lynn, Massachusetts, FastNet Solutions designs, manufactures and sells a line of ultra-rugged, man-portable servers, storage, DVRs, and mobile surveillance products under the Mobile Rugged™ brand. These solutions are for use by the military, first responders, relief workers, high-risk industries and others. Customers of solutions that incorporate FastNet products include, among others, the U.S. Army, U.S. Air Force, and the Department of Homeland Security.

The Company and FastNet intend to negotiate and enter into a definitive purchase agreement during the next several weeks; however, the FastNet acquisition is conditioned upon the Z5 Technologies acquisition having been consummated. While FastNet Solutions has entered into a letter of intent with Fortified Holdings, neither party is subject to any binding commitment to proceed with the transaction until the execution of a definitive purchase agreement.

About FastNet Solutions, Inc. (

FastNet Solutions, Inc. specializes in designing and manufacturing mobile and wearable integrated ultra-rugged devices for communications, surveillance and remote data management. FastNet Solutions, through its Mobile Rugged Technologies business unit, provides off the shelf and custom rugged products both directly to customers and to OEMs who incorporate FastNet's products into solutions for their government and private sector customers.

FastNet Solutions is an engineering focused organization. With its 6000 sq. ft. manufacturing and 3000 sq. ft. engineering facilities, FastNet has the ability to rapidly develop and deliver solutions built to the demanding specifications of its customers around the world.

Fortified Holdings Corp. (OTCBB: FFDH)

Fortified Holdings Corp. aims to become a diversified internationally focused holding company with a planned portfolio of dynamic and rapidly expanding industry leading subsidiaries. Fortified expects that the proposed subsidiaries 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 military, intelligence, first responder, humanitarian and law enforcement personnel 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, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company 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 specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fortified Holdings Corp. has little or no control. Fortified Holdings Corp. undertakes no obligation to update publicly any forward-looking statements.

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