SOURCE: FORTRESS FINANCIAL GROUP, INC.
September 16, 2008 14:35 ET
Fortress Financial Group, Inc. -- Statement
Company Deals With the Key Issues Concerning Its Stockholders
NEW YORK, NY--(Marketwire - September 16, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) addresses the following key issues that appear to be troubling our
1. There will be no Reverse Split of the Company's shares of Common Stock.
No such action would even be contemplated and definitely not until such
time as all outstanding and pending stock dividends have been paid to
stockholders in full.
2. The sale of the Company's holdings in both "Bouse" and in "South
Copperstone" are a "done deal." The Stock Dividend will be declared upon
the Company's receipt of the stock received in respect of this sale; and as
previously announced. This is expected to complete this week. The terms of
that transaction remain unchanged and will remain unchanged.
3. As previously stated, the Company is not issuing any further shares of
its Common Stock until such time as all outstanding and pending stock
dividends have been paid to stockholders and in full.
4. The Company will not be removing any restrictive legends on any
restricted shares of the Company's Common Stock until such time as all
outstanding and pending stock dividends have been paid to stockholders and
in full. The "free trading" shares of the Company's shares of Common Stock
will remain unchanged.
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 company's
annual report on Form 10-K or 10-KSB and other filings made by such company
with the SEC.