March 25, 2008 12:19 ET

Fortress Financial Group, Inc. -- Acquisition of Additional Hunt Gold Corporation Stock

Company Acquires an Additional 50 Million Shares of Hunt Gold Corporation Stock

NEW YORK, NY--(Marketwire - March 25, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has, this morning, acquired an additional amount of 50,000,000 (fifty million) shares of Hunt Gold Corporation at a price of US$1.25 per share.

These shares were acquired from several Hunt Gold Corporation stockholders. These transactions were effected "off market."

Fortress Financial Group, Inc. is of the opinion that the current weakness in the Hunt Gold Corporation stock price will be overcome at such time as Hunt Gold Corporation's Board of Directors are in a position to release its updated Mining Valuations and reveal its strategy for that Company, going forward.

Fortress Financial Group, Inc. now controls an amount of 533,856,464 shares of Hunt Gold Corporation Common Stock. It intends to retain these shares for its Investment Portfolio and to continue to remain with its stated policy of utilizing its substantial investment portfolio as collateral; for borrowings to fund its stated aggressive acquisition policy of established companies which have a substantial profit history and are cash generative; in the consumer financial services sector.

Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc., stated today "that Fortress acquired these shares at bargain basement prices based upon the value of Hunt Gold Corporation's assets and its Net Asset Value per Share." He added that "Fortress would continue to leverage off its substantial Asset Base to seize opportunities as they are presented to the Company; and without delay." Alan Santini added that "Fortress remained a buyer of Hunt Gold Corporation stock; at the current price levels."

About Fortress Financial Group, Inc.

Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008.

The Company operates through Fortress Card Solutions, Inc. and Moneyworx, Inc. The Company will shortly be establishing an office in Nassau, Bahamas; primarily to service our High Net Worth "offshore" cardholder base.

The Company is utilizing is substantial Balance Sheet of circa US$1.4 billion comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector.

Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment.

The Company retains its interest in the "South Copperstone," and "Bouse" Gold Mining Exploration properties, at this time. These two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, in the immediate term.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

Contact Information

  • Contact:

    Fortress Financial Group, Inc.
    Alan Santini
    Chief Executive Officer
    Email Contact
    Tel: (954) 840-6961