Fortress Financial Group, Inc.

July 14, 2010 09:56 ET

Fortress Financial Group, Inc. -- Acquisition of Company's Long and Short Term Debt

Largest Stockholder Acquires Company's Entire Outstanding Debt

LAS VEGAS, NV--(Marketwire - July 14, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) was advised late yesterday that Sloane Investments, Inc. has acquired all of the outstanding Long Term Loan Notes complete with accrued interest due by the Company.

In addition to the acquisition of the Company's Long Term Debt, Sloane Investments, Inc. has also acquired all of the short term debt owed by the Company.

Sloane Investments, Inc. filed a Schedule 13D on June 30, 2010 disclosing that they had acquired beneficial ownership and sole voting rights in respect of an amount of 17,645,966,686 shares of the Company's Common Stock. This represents 23.59% of the Company's outstanding shares of Common Stock. Sloane Investments, Inc. is now the Company's largest stockholder.

A Form 8-K will be filed today disclosing the details of the debt purchases by Sloane Investments, Inc.

The Company is now in a position whereby it will be solely negotiating its immediate funding requirements from Sloane Investments, Inc. These new funding arrangements will be concluded by late tomorrow in order to ensure that the Company remains on track with no delays in its announced plans.

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," "projected" or "guidelines." 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 filings made by such company with the SEC.

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