September 16, 2008 11:09 ET

Fortress Financial Group, Inc. -- Suspension of Stock Repurchases

Company Suspends Stock Repurchases to Avoid Delay in Stock Dividend Payments

NEW YORK, NY--(Marketwire - September 16, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company will no longer be repurchasing any of its shares of Common Stock until after the payment of the Extraordinary Stock Dividend.

Further stock repurchases and their subsequent cancellations will delay the declaration and payments of the Extraordinary Stock Dividend declared by this Company. This is not considered to be in the interests of stockholders at this time.

The Company is, at this time, expediting the Extraordinary Dividend payment and the announcement of the "Record Date" and will not accept any further delays in this respect.

The Company expects the Transfer Agent to be in a position very shortly to confirm that the Company's shares of outstanding Common Stock are as announced and confirmed by this Company.

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