May 13, 2008 14:40 ET

Fortress Financial Group, Inc. -- Confirmation of Acquisitions

Company Confirms That All Planned Acquisitions Are on Track

NEW YORK, NY--(Marketwire - May 13, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that all acquisitions being negotiated by the Company are on track for completion and all of these Agreements are now being completed by the various Attorneys involved in these multiple transactions and acquisitions.

The delays have been caused by "Regulatory hurdles" as a number of these companies being acquired by the Company are regulated in various States and on a Federal level.

It is hoped that the majority of the "first round" of these acquisitions, which will cement the "Company's base" in the Consumer Finance Sector; will be announced within the next seven days along with the various filings with the SEC.

About Fortress Financial Group, Inc.

Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit cards and related payment solution activities. It acquired 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.

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 is substantial Balance Sheet of circa US$1 billion, 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 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