Fortress Financial Group, Inc.

May 24, 2010 12:36 ET

Fortress Financial Group, Inc. - Strong Possibility of Increased Sale Price

Near Record Gold Prices Likely to Increase Value of Sale of Company's Gold Interests

LAS VEGAS, NV--(Marketwire - May 24, 2010) -  Fortress Financial Group, Inc. (PINKSHEETS: FFGO) is pleased to see that gold prices have recently climbed to all time record highs. "In retrospect," says Company Chairman, Peter J. Bezzano, "the minor delay caused by fulfillment of conditions precedent in the consummation of our sale of gold assets, has worked out to the advantage of our investors." 

The price of gold having recently advanced as high as US$1,249/oz before backing off to trade at just below US$1,200/oz, is fueling speculation for the potential of an increase in the value of the dividend of nearly 19%. Should the price of gold consolidate here and makes further advances to achieve the US$1,250/oz level, that would represent a 19% increase over the projected value of the dividend which was originally priced out at a Gold price of US$1,050/oz; translating to US$0.003 per share of the Company's Common Stock. 

Should the price of Gold trade at US$1,250/oz the value of the dividend to shareholders would be increased by 19% and should the price of gold continue to climb to reach a price level of US$1,300/oz; the additional valuation would exceed the original price guidelines by nearly 24% or as much as US$0.00371 per share.

Experts have been speculating that the recent moves in gold are the start of a larger and more permanent shift towards higher valuation. Certain analysts have been quoted as predicting that gold will hit US$1,500/oz an ounce as the precious metal retains its appeal as a safe-haven asset.

General consensus is that "After we get through this phase of liquidation, the world's just got more uncertain overnight, so that should be positive for gold," "The backdrop for gold is really as strong as it has been for a long time, so gold in a technical trend is certainly breaking out against major currencies and indeed could go higher from here."

The company cautions shareholders that the price of gold is volatile and whilst there is reason to hope the value of the dividends resulting from the impending transaction will continue to advance with the rise of the price of gold, a reversal of gold prices would have an adverse affect on that value if it should transpire prior to the conclusion of the sale. Nevertheless the company is reasonably optimistic that the price of gold could hold at these all time high record price levels and could very possibly increase more before the sale consummation and the dividends are announced.

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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