Fortress Financial Group, Inc.

March 05, 2010 13:35 ET

Fortress Financial Group, Inc. - Statement

Company Quashes False Rumours of a Reverse Split of Its Common Stock

LAS VEGAS, NV--(Marketwire - March 5, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has received a large number of E-Mails from concerned stockholders who believed that the Company was planning a Reverse Split of its shares of Common Stock. This statement by the Company seeks to allay these concerns once and for all and as such, is considered to be in the best interest of our stockholders.

These rumors in respect of this Reverse Split of the Company's shares of Common Stock are false, misleading and blatantly untrue and were disseminated by malicious posters, with possible criminal intentions, on the various Internet Stock Chat Forums and were deliberately designed and calculated to spread fear and concern amongst our loyal stockholders.

These individuals posting on these Internet Stock Chat Forums are actively and aggressively seeking to cause irreparable harm to the Company, its stockholders and its stock price. These individuals have been very actively engaged in malicious, illegal, defamatory or harmful activities on Internet Stock Chat Forums on a daily, if not hourly basis; which were planned, calculated, premeditated and designed to cause irreparable financial harm to the Company, its Officers and its Stockholders .Their actions have already caused severe but as yet financially unquantified damage to the Company, its Stock Price and to its Stockholders.

The Company assures its stockholders that it has not, nor has it considered any such Reverse Split of its shares of Common Stock. Management is of the opinion that any Reverse Split of the Company's shares of Common Stock would be costly, unnecessary and would not be in the interest of our stockholders. Various Loan Note Holders who accepted substantial number of shares of your Company's Common Stock in partial settlement of debt would be furious and unsupportive of your Company if any Reverse Split of the Company's Common Stock was considered.

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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