SOURCE: FORTRESS FINANCIAL GROUP, INC.

June 19, 2008 11:27 ET

Fortress Financial Group, Inc. -- Completion of Stock Dividend Payouts

Company Confirms That the Outstanding Stock Dividend Issues Are Resolved

NEW YORK, NY--(Marketwire - June 19, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the remaining outstanding stock dividend distributions in respect of Hunt Gold Corporation have now been resolved.

The DTCC will be distributing these shares of Hunt Gold Corporation stock to eligible Company stockholders who held their stock in Broker or in "Street Names" at the various Stock Dividend Record Dates.

This was announced and confirmed by the DTCC on May 18, 2008.

The Company will be filing a detailed Form 8-K in respect of these Stock Distributions, today.

The Company is now in a position to complete the "Round 1" acquisitions and hopefully commence with a "fresh start" as it is now unencumbered by past issues which were harmful and prejudicial to the Company on a going forward basis.

About Fortress Financial Group, Inc.

Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Upon the closure of the Trinity Mercantile Finance and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. will be expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the immediate to medium term.

The Company is utilizing its substantial Balance Sheet of circa US$1billion comprised of quoted and unquoted Gold Mining & Exploration stocks to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused on the Mortgage Lending and Banking sector.

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