SOURCE: FORTRESS FINANCIAL GROUP, INC.

September 17, 2008 11:05 ET

Fortress Financial Group, Inc. -- Stock Dividend Valuation

Company Confirms the Final Valuation of Its Extraordinary Stock Dividend

NEW YORK, NY--(Marketwire - September 17, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has filed a Form 8-K on September 17, 2008 in respect of the Extraordinary Stock Dividend being paid to its stockholders in respect of the sale of the Company's interests in the "Bouse" and "South Copperstone" Gold Mining & Exploration properties.

The Company can confirm that this Dividend is valued at US$0.0239 for every 1 (one) share of this Company's Common Stock. This value will not be altered whatsoever and this final valuation is based upon the terms of both the agreements entered into and is based upon the verified number of the Company's shares of Common Stock which will not be increased nor decreased whatsoever, prior to the "Pay Date" of this Dividend.

It is expected that the Company will be in a position to confirm both the "Record Date" and the "Pay Date" in respect of this Stock Dividend, within days now.

The Company expects to announce a final decision on the sale of certain of its subsidiary companies and other portfolio holdings in due course.

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:

    Financial Insights (Dick Granieri/Gordon Otter)
    E Mail : Email Contact
    Telephone : 1-800-530-3545

    Fortress Financial Group, Inc.
    Alan Santini
    Chief Executive Officer

    Email Contact

    Tel: (954) 840-6961