Fortress Financial Group, Inc.

March 04, 2010 13:30 ET

Fortress Financial Group, Inc. -- Filing of a Form 8-K

Company Reduces Its Long Term Debt by a Further US$400,000

LAS VEGAS, NV--(Marketwire - March 4, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) filed a Form 8-K and a Form D today confirming the partial conversion of an outstanding Loan Note by an amount of US$400,000.

The issue of shares of the Company's Common Stock to fund the partial conversion of this outstanding Loan Note will not in any way affect the pricing per share of US$0.003 in respect of our planned sale of the Company's Gold interests; as stated in our Press Release dated March 3, 2010.

It is extremely unlikely that any of other Loan Note Holders will accept shares of the Company's Common Stock in settlement of their Loan Notes as they have very clearly indicated that they are very happy to wait for full settlement from the proceeds of the sale of the Company's Gold interests.

Company Management truly appreciates the unwavering support and true commitment of our Loan Note Holders and we view their acceptance of the Company's shares of Common Stock to settle amounts owed to them as a tremendous sign of goodwill. The Company has now reduced its Long Term debt by an amount of US$900,000 in and during 2010.

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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