Fortress Paper Ltd.

Fortress Paper Ltd.

September 29, 2010 17:04 ET

Fortress Paper Congratulates Chad Wasilenkoff on Being Named 2010 Ernst & Young Entrepreneur of the Year® Pacific Region

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2010) -


Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") on behalf of the board of directors, employees of Fortress Paper and its subsidiaries, would like to congratulate Chad Wasilenkoff, Chief Executive Officer, Fortress Paper on being named Ernst and Young Entrepreneur of the year, Pacific Region.

The awards ceremony held on Tuesday, September 28th in Vancouver recognized entrepreneurs in eight categories and an overall Pacific region winner. Chad Wasilenkoff received the award in the Manufacturing category and was ultimately awarded the Ernst and Young Entrepreneur of the Year, Pacific Region.

"Chad is a shining example of how our British Columbia entrepreneurs are demonstrating they're not afraid of the shake-up of an economic downturn," said Fred Withers, Director of Entrepreneur of the Year for the Pacific region. "Instead, Chad saw an opportunity to up the competitive ante by focusing on innovation, enhancing Fortress' presence in new markets, and ultimately emerging stronger than ever before."

About Fortress Paper

Fortress Paper is a leading international producer of security and other specialty papers and products. Fortress operates three mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Quebec, Canada. Fortress Paper's security papers include banknote, passport and visa papers and its specialty papers include non-woven wallpaper base products, and graphic and technical papers. Fortress Paper's pulp business includes NBHK produced at the Fortress Specialty Cellulose Mill with plans to convert this capacity into dissolving pulp production along with the construction of a biomass based cogeneration plant.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of Fortress Paper with respect to its performance, business and future events, including statements regarding Fortress Paper's intended use of proceeds raised from the public offering of its common shares. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Corporation operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks relating to changes in the market, potential downturns in economic conditions, fluctuations in the price and supply of raw materials, foreign exchange fluctuations, labour relations, regulatory requirements, reputation, competition, dependence on major customers, and other risk factors listed from time to time in the Corporation's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. Fortress Paper does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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