SOURCE: Fortitude Group, Inc.

March 17, 2014 09:15 ET

Fortitude Group, Inc. Provides Launch Information for 420cashcard.com

ERIE, PA--(Marketwired - Mar 17, 2014) - Fortitude Group, Inc. (OTC: FRTD) wishes to provide their shareholders and the investment community a status update on the launch 420cashcard.com.

The company has confirmed that on March 24, 2014, they will be launching 420cashcard.com to the public. For only $4.95, visitors to the site will be able to order a new card or replace a lost/stolen card. New funds can be securely added to this Discover Network stored-value card by calling in via a toll free number or loading online though the GreenDot network. The average GreenDot MoneyPak reload card cost $4.95 to load up to $500.00. Users will also be able to check balance, real-time transaction activity and transfer money between their cards 24 hours a day, 7 days a week.

Unlike most cards, users will have the ability to customize the redemption of their reward points. These points can be used to redeem a wide array of products. The 420cashcard.com will have an emphasis on products supplied by today's top cannabis vendors including dispensaries, paraphernalia, hydroponic equipment and miscellaneous medicinal merchandise. 

Thomas J. Parilla, CEO of Fortitude stated, "Over the past month, we have been beta testing this product to cannabis buyers and as of this date, we currently have over 5,000 pre-order card requests for the March 24th launch. We realize $3.20 of the $4.95 charge for the initial card purchase. During the beta test, we averaged $28.93 in transaction fees per card. This amount was derived through industry standard usage in a 30-day calendar month. With our exceptional pre-order request of over 5,000 cards, during the months of March and April, we anticipate an earning of over $16,000 in initial card purchase revenue and $144,650 in monthly transaction revenue. The transaction revenue is ongoing and compounds as new users sign-up for this unique card."

The company aims to sell 15,000 new cards each month (or every 30 days). When this goal is achieved, the company will realize approximately $48,000 in new card revenue per month while adding $433,950 in average monthly transaction fees. The company anticipates realizing net revenue of $528,000 in annual card sells and $33,414,150 in annual transaction revenue.

The company will achieve its goals by implementing an aggressive marketing campaign through utilizing database mining, email campaigns, tag-line marketing, viral product partnerships and a new infomercial to showcase our retail product.

About

Fortitude Group, Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

Forward Looking Statements

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.

Contact Information

  • Contact
    Fortitude Group, Inc.
    Investor Relations
    Phone: 888-531-4931
    Email: info@g3corp.net