Company Clarifies the Details of the Reverse Merger Under Consideration
NEW YORK, NY, Oct 06, 2008 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed on October 3, 2008 that it is in discussions to acquire a Company which if successful, would constitute a Reverse Merger.
The Company can confirm that a Reverse Split of the Company's stock is not being considered and all speculation that this Company will effect a Reverse Split of its Common Stock, is complete nonsense.
Furthermore, the Company with whom we are in discussions is in the business of Uranium Mining & Exploration.
The Company will state for the last time that the Extraordinary Dividend is unaffected by these discussions and that this Dividend will be paid regardless and as announced. The Company will announce the "Record" and "Pay" dates in respect of this Stock Dividend as and when it is in a position to do so. Stockholders may rest assured that your Company's Management is very anxious to get these Dividends paid as the Company's CEO is resigning as announced and is now committed to join the Board of Directors of a Private Equity Fund on a full time basis; and from November 1, 2008.
Your Company's incumbent Management is of the opinion that given the fact that the Company's Stock Dividend is in the form of shares of a Gold Company; stockholders should consider themselves extremely fortunate given that Gold remains a safe haven in these turbulent markets. Management is not going to comment on the Gold company whatsoever and considers that Gold Company's Management responsible for any statements in respect of their Company, its assets and its future.
Management of your Company can categorically state that all speculation in respect of this Gold Company is pointless until such time as further details are announced. The majority of the speculation surrounding the Gold company is complete nonsense and stockholders are advised to make their decisions as and when details of this Company are made available.
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:
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
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