Post by imSINGLEruRICH on Dec 11, 2007 15:28:06 GMT -5
smeagle
DIAMOND DIGGER
OT- FFGO PR
« Thread Started on Today at 10:35am »
www.pinksheets.com/pink/quote/quote.jsp?symbol=FFGO#getNews
NEW YORK, Dec 11, 2007 (BUSINESS WIRE) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) updates its stockholders on various events:
STOCK DIVIDEND:
The Company confirmed to its stockholders that it had received notification from NASDAQ Market Operations that the "Record Date" for this Stock Dividend was yesterday, being Monday December 10, 2007. The "Pay Date" will be on Monday December 17, 2007.
Stockholders' accounts, at their Brokers, will be electronically credited with these Stock Dividend shares of the Company's Common Stock on the "Pay Date", being Monday December 17, 2007.
The Company has filed a Form 8-K with the SEC, to this effect.
HUNT GOLD CORPORATION TRANSACTION:
The Company has completed the disposal of its entire interests in Sentinel Resource Holdings plc, Ambassador Gold Holdings plc and Golden Eagle Mining Holdings plc, to Hunt Gold Corporation (PINKSHEETS : HGLC), formerly Prime Time Group, Inc.
The Company received an amount of 483,750,099 shares of Hunt Gold Corporation, equating to 48% of that Company's outstanding shares of Common Stock. As at today, this stockholding is valued at US$943,312,693. We neither make, nor offer any predictions as to the future nor the current market value of this stockholding in Hunt Gold Corporation.
We intend to appoint our representatives, on an interim basis, to constitute the Board of Directors of Hunt Gold Corporation. This to implement and complete all "Non Mining" and "Corporate" transactions required in and during this month, being the transition period for Hunt Gold Corporation.
Hunt Gold Corporation will announce in January, 2008, a new Board of Directors and its Management Team, all of whom are experienced in Gold Mining & Exploration.
DISTRIBUTION OF HUNT GOLD CORPORATION SHARES:
The majority of the balance of the Issued Ordinary Shares in Sentinel Resource Holdings plc, Golden Eagle Mining Holdings plc and Ambassador Gold Holdings plc were held by current and former stockholders of Fortress Financial Group, Inc. (formerly Great West Gold, Inc.).
They received these shares as Stock Dividends on January 4, 2006 (Golden Eagle Mining Holdings plc), January 2, 2006 (Ambassador Gold Holdings plc) and on November 14, 2005 (Sentinel Resource Holdings plc).
The total amount of Hunt Gold Corporation shares of Common Stock due to these stockholders is in the amount 407,250,000. The Transfer Agent to Hunt Gold Corporation will shortly be issuing and allocating these shares to all stockholders. Stockholders are asked to please be patient; they will be advised in writing, as to their stockholdings. This Transfer Agent will not be in a position to deal with stockholder requests until late next week. The share issues need to be completed correctly before the Transfer Agent is in a position to assist stockholders.
FURTHER MINING DISPOSAL TRANSACTIONS:
The Company intends to dispose of its remaining Gold Mining & Exploration investments, namely its interests in the "Bouse" and "South Copperstone" properties. This in respect of Bouse Mining Holdings plc and Copperstone Mining Holdings plc.
The Company will be disposing of the same to a quoted Company with existing Gold Mining & Exploration interests (referred to as "Newco"), in return for a substantial amount of shares of Common Stock in that Company.
Stockholders will be advised once this transaction has been completed. We are not in a position, at this time, to release the other Company name, as it is a quoted Company.
COMPANY INVESTMENTS AND FUTURE STOCK DISTRIBUTIONS:
The Company will hold in its "Investment Portfolio", the shares of Common Stock in both Hunt Gold Corporation and in Newco, as above-mentioned.
It is intended to retain a portion of these investments to fund further acquisitions in the debit card and payment solutions sector and to expedite the Company's marketing campaign to attract new business for existing card programmes.
The bulk of these shares in Hunt Gold Corporation and in Newco will be distributed to Fortress Financial Group, Inc. stockholders, after the completion of the Newco transaction, at a date to be announced.
OUTSTANDING SHARES OF COMMON STOCK:
The Company confirmed in a Form 8-K filing with the SEC yesterday, Monday December 10, 2007, that its total amount of outstanding shares of Common Stock were in the amount of 3,387,107,228, as at that date.
The Transfer Agent has confirmed the amount of 295,773,621 shares of the Company's Common Stock is "free trading" and unrestricted; and that the amount of 3,091,333,607 shares of the Company's Common Stock are restricted.
COMPANY ADDRESS DETAILS:
The Company confirmed its contact details in a Form 8-K filing, with the SEC, on Friday December 7, 2007. The details are as follows:
Mailing Address:
Fortress Financial Group, Inc.
1903 60th Place E.
Suite M2240
Bradenton
Florida
34203
Telephone Number: (954) 840-6961
Telefax Number: (954) 775-3708
E Mail Address: investor@fortfinancegroup.com
PROPOSED ACQUISITION:
The Company is at this time, conducting due diligence on an acquisition of an existing International Prepaid Debit Card and ATM Card business. Stockholders will be advised accordingly, should the Company complete this acquisition.
LAUNCH OF "FORTRESS" PREPAID PLATINUM DEBIT CARD:
It is expected that the Company's own label international debit card will be launched in January, 2008. Stockholders will be briefed in full, within the next few weeks. The Company has signed a Non Disclosure Agreement with the Issuer, until that transaction is completed. This will be a significant boost to the Company's revenues.
AUDITOR AND SEC FILINGS:
The Company is appointing an Auditor. All of its accounting records are up to date and an audit of the same will be very straightforward. The Company wishes to clarify that no Auditor has refused an appointment, as speculated on various Internet Chat Forums. The Company has wished to complete the Hunt Gold Transaction and the Newco transaction, prior to appointing a new Auditor as it is a question of the best allocation of your Company's Management's time.
We are simply completing all of our stated objectives, as fast as is possible. The appointment of the Auditor will be effected shortly as it is our intention to get the Company's filings with the SEC up to date and to apply for reinstatement to the OTC BB.
The Company can assure its stockholders that Management is an anxious as yourselves, to see that this done, sooner, than later. There is absolutely no question that this is in the Company's best interests.
The Company will continue to file these Form 8-K's with the SEC and to issue Announcements, in respect of all corporate activities and actions, to keep stockholders informed, until such time as the Company's filings are up to date with the SEC. At that time, filings will be made in the normal course of business.
SEC FILING - CHANGE IN FILING CODES
It has come to our attention that a previous Company, named "Fortress Financial Group, Inc. was in existence. We understand that it is no longer in business and its Charter revoked. This Company has no association with ourselves.
However, this has created confusion with our filings and information held by the SEC. Information on Filings under the current Fortress Financial Group, Inc. (FFGO), reflect filings made by this previous Company.
All of our recent filings have been under our previous name, Great West Gold, Inc. and are reflected on the SEC Database and on EDGAR, as such.
The SEC is rectifying this issue, as of yesterday, Monday December 10, 2007, the SEC allocated a temporary name for our Company, in respect of our filings, that being Fortress Financial Group, Inc./WY, to reflect our incorporation in the State of Wyoming, to avoid confusion with this other company, that no longer exists. The SEC has allocated CIK Number: 0000802206 to ourselves, in the interim, whilst this issue is being resolved.
All future filings by this Company will be made under that CIK Number, until you are advised to the contrary.
OUTSTANDING STOCKHOLDER INFORMATION REQUESTS:
The Company does not, at this time, have an external Investor Relations firm. It is intending to appoint a firm to deal with Investor Relation queries, but only after the completion of the Newco transaction.
The rationale for this is that an external Investor Relations company will be assisting stockholders in information about our Company and our plans for the future. They are not expected to deal with hundreds of requests for information on outstanding Stock Dividends.
The Company has responded to hundreds of stockholders to confirm their various stockholdings and continues to do so. Stockholders are asked to please be patient as this is a very time consuming task.
We are expecting, that with the Hunt Gold Corporation transaction being consummated, the Transfer Agent to Hunt Gold Corporation will answer stockholder requests, from late next week, in respect of Sentinel Resource Holdings plc, Golden Eagle Mining Holdings plc and Ambassador Gold Holdings plc.
Upon the completion of the Newco transaction, the Transfer Agent to Newco will deal with all enquiries from stockholders in respect of Bouse Mining Holdings plc and Copperstone Mining Holdings plc.
CORPORATE WEB SITE:
The Company is completing its web site. Management is in agreement with many stockholders that this has taken far too long to complete and is at this time, attempting to expedite the completion and launch of this web site.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets; as it intended to extract value from these assets through a future "spin off" or a sale. The Company has disposed of its interests in the "Ambassador", "Golden Eagle" and "Mockingbird" Gold Mining Exploration properties to Hunt Gold Corporation (PINKSHEETS : HGLC); and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company retains it interest in the "South Copperstone", and "Bouse" Gold Mining Exploration properties, at this time.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities.
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.
SOURCE: Fortress Financial Group, Inc.
CONTACT: Fortress Financial Group, Inc.
Peter J Bezzano, +1-914-462-3475
investor@fortfinancegroup.com
Copyright Business Wire 2007
-0-
KEYWORD: United States
North America
New York
INDUSTRY KEYWORD: Professional Services
Banking
Finance
Other Professional Services
SUBJECT CODE: Dividend
Filing
DIAMOND DIGGER
OT- FFGO PR
« Thread Started on Today at 10:35am »
www.pinksheets.com/pink/quote/quote.jsp?symbol=FFGO#getNews
NEW YORK, Dec 11, 2007 (BUSINESS WIRE) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) updates its stockholders on various events:
STOCK DIVIDEND:
The Company confirmed to its stockholders that it had received notification from NASDAQ Market Operations that the "Record Date" for this Stock Dividend was yesterday, being Monday December 10, 2007. The "Pay Date" will be on Monday December 17, 2007.
Stockholders' accounts, at their Brokers, will be electronically credited with these Stock Dividend shares of the Company's Common Stock on the "Pay Date", being Monday December 17, 2007.
The Company has filed a Form 8-K with the SEC, to this effect.
HUNT GOLD CORPORATION TRANSACTION:
The Company has completed the disposal of its entire interests in Sentinel Resource Holdings plc, Ambassador Gold Holdings plc and Golden Eagle Mining Holdings plc, to Hunt Gold Corporation (PINKSHEETS : HGLC), formerly Prime Time Group, Inc.
The Company received an amount of 483,750,099 shares of Hunt Gold Corporation, equating to 48% of that Company's outstanding shares of Common Stock. As at today, this stockholding is valued at US$943,312,693. We neither make, nor offer any predictions as to the future nor the current market value of this stockholding in Hunt Gold Corporation.
We intend to appoint our representatives, on an interim basis, to constitute the Board of Directors of Hunt Gold Corporation. This to implement and complete all "Non Mining" and "Corporate" transactions required in and during this month, being the transition period for Hunt Gold Corporation.
Hunt Gold Corporation will announce in January, 2008, a new Board of Directors and its Management Team, all of whom are experienced in Gold Mining & Exploration.
DISTRIBUTION OF HUNT GOLD CORPORATION SHARES:
The majority of the balance of the Issued Ordinary Shares in Sentinel Resource Holdings plc, Golden Eagle Mining Holdings plc and Ambassador Gold Holdings plc were held by current and former stockholders of Fortress Financial Group, Inc. (formerly Great West Gold, Inc.).
They received these shares as Stock Dividends on January 4, 2006 (Golden Eagle Mining Holdings plc), January 2, 2006 (Ambassador Gold Holdings plc) and on November 14, 2005 (Sentinel Resource Holdings plc).
The total amount of Hunt Gold Corporation shares of Common Stock due to these stockholders is in the amount 407,250,000. The Transfer Agent to Hunt Gold Corporation will shortly be issuing and allocating these shares to all stockholders. Stockholders are asked to please be patient; they will be advised in writing, as to their stockholdings. This Transfer Agent will not be in a position to deal with stockholder requests until late next week. The share issues need to be completed correctly before the Transfer Agent is in a position to assist stockholders.
FURTHER MINING DISPOSAL TRANSACTIONS:
The Company intends to dispose of its remaining Gold Mining & Exploration investments, namely its interests in the "Bouse" and "South Copperstone" properties. This in respect of Bouse Mining Holdings plc and Copperstone Mining Holdings plc.
The Company will be disposing of the same to a quoted Company with existing Gold Mining & Exploration interests (referred to as "Newco"), in return for a substantial amount of shares of Common Stock in that Company.
Stockholders will be advised once this transaction has been completed. We are not in a position, at this time, to release the other Company name, as it is a quoted Company.
COMPANY INVESTMENTS AND FUTURE STOCK DISTRIBUTIONS:
The Company will hold in its "Investment Portfolio", the shares of Common Stock in both Hunt Gold Corporation and in Newco, as above-mentioned.
It is intended to retain a portion of these investments to fund further acquisitions in the debit card and payment solutions sector and to expedite the Company's marketing campaign to attract new business for existing card programmes.
The bulk of these shares in Hunt Gold Corporation and in Newco will be distributed to Fortress Financial Group, Inc. stockholders, after the completion of the Newco transaction, at a date to be announced.
OUTSTANDING SHARES OF COMMON STOCK:
The Company confirmed in a Form 8-K filing with the SEC yesterday, Monday December 10, 2007, that its total amount of outstanding shares of Common Stock were in the amount of 3,387,107,228, as at that date.
The Transfer Agent has confirmed the amount of 295,773,621 shares of the Company's Common Stock is "free trading" and unrestricted; and that the amount of 3,091,333,607 shares of the Company's Common Stock are restricted.
COMPANY ADDRESS DETAILS:
The Company confirmed its contact details in a Form 8-K filing, with the SEC, on Friday December 7, 2007. The details are as follows:
Mailing Address:
Fortress Financial Group, Inc.
1903 60th Place E.
Suite M2240
Bradenton
Florida
34203
Telephone Number: (954) 840-6961
Telefax Number: (954) 775-3708
E Mail Address: investor@fortfinancegroup.com
PROPOSED ACQUISITION:
The Company is at this time, conducting due diligence on an acquisition of an existing International Prepaid Debit Card and ATM Card business. Stockholders will be advised accordingly, should the Company complete this acquisition.
LAUNCH OF "FORTRESS" PREPAID PLATINUM DEBIT CARD:
It is expected that the Company's own label international debit card will be launched in January, 2008. Stockholders will be briefed in full, within the next few weeks. The Company has signed a Non Disclosure Agreement with the Issuer, until that transaction is completed. This will be a significant boost to the Company's revenues.
AUDITOR AND SEC FILINGS:
The Company is appointing an Auditor. All of its accounting records are up to date and an audit of the same will be very straightforward. The Company wishes to clarify that no Auditor has refused an appointment, as speculated on various Internet Chat Forums. The Company has wished to complete the Hunt Gold Transaction and the Newco transaction, prior to appointing a new Auditor as it is a question of the best allocation of your Company's Management's time.
We are simply completing all of our stated objectives, as fast as is possible. The appointment of the Auditor will be effected shortly as it is our intention to get the Company's filings with the SEC up to date and to apply for reinstatement to the OTC BB.
The Company can assure its stockholders that Management is an anxious as yourselves, to see that this done, sooner, than later. There is absolutely no question that this is in the Company's best interests.
The Company will continue to file these Form 8-K's with the SEC and to issue Announcements, in respect of all corporate activities and actions, to keep stockholders informed, until such time as the Company's filings are up to date with the SEC. At that time, filings will be made in the normal course of business.
SEC FILING - CHANGE IN FILING CODES
It has come to our attention that a previous Company, named "Fortress Financial Group, Inc. was in existence. We understand that it is no longer in business and its Charter revoked. This Company has no association with ourselves.
However, this has created confusion with our filings and information held by the SEC. Information on Filings under the current Fortress Financial Group, Inc. (FFGO), reflect filings made by this previous Company.
All of our recent filings have been under our previous name, Great West Gold, Inc. and are reflected on the SEC Database and on EDGAR, as such.
The SEC is rectifying this issue, as of yesterday, Monday December 10, 2007, the SEC allocated a temporary name for our Company, in respect of our filings, that being Fortress Financial Group, Inc./WY, to reflect our incorporation in the State of Wyoming, to avoid confusion with this other company, that no longer exists. The SEC has allocated CIK Number: 0000802206 to ourselves, in the interim, whilst this issue is being resolved.
All future filings by this Company will be made under that CIK Number, until you are advised to the contrary.
OUTSTANDING STOCKHOLDER INFORMATION REQUESTS:
The Company does not, at this time, have an external Investor Relations firm. It is intending to appoint a firm to deal with Investor Relation queries, but only after the completion of the Newco transaction.
The rationale for this is that an external Investor Relations company will be assisting stockholders in information about our Company and our plans for the future. They are not expected to deal with hundreds of requests for information on outstanding Stock Dividends.
The Company has responded to hundreds of stockholders to confirm their various stockholdings and continues to do so. Stockholders are asked to please be patient as this is a very time consuming task.
We are expecting, that with the Hunt Gold Corporation transaction being consummated, the Transfer Agent to Hunt Gold Corporation will answer stockholder requests, from late next week, in respect of Sentinel Resource Holdings plc, Golden Eagle Mining Holdings plc and Ambassador Gold Holdings plc.
Upon the completion of the Newco transaction, the Transfer Agent to Newco will deal with all enquiries from stockholders in respect of Bouse Mining Holdings plc and Copperstone Mining Holdings plc.
CORPORATE WEB SITE:
The Company is completing its web site. Management is in agreement with many stockholders that this has taken far too long to complete and is at this time, attempting to expedite the completion and launch of this web site.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets; as it intended to extract value from these assets through a future "spin off" or a sale. The Company has disposed of its interests in the "Ambassador", "Golden Eagle" and "Mockingbird" Gold Mining Exploration properties to Hunt Gold Corporation (PINKSHEETS : HGLC); and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company retains it interest in the "South Copperstone", and "Bouse" Gold Mining Exploration properties, at this time.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities.
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.
SOURCE: Fortress Financial Group, Inc.
CONTACT: Fortress Financial Group, Inc.
Peter J Bezzano, +1-914-462-3475
investor@fortfinancegroup.com
Copyright Business Wire 2007
-0-
KEYWORD: United States
North America
New York
INDUSTRY KEYWORD: Professional Services
Banking
Finance
Other Professional Services
SUBJECT CODE: Dividend
Filing