news just in… should do wonders for the volume…
http://www.emediaworld.com/pre…..?id=828847
2009-11-23 00:00:00
FORTRESS FINANCIAL GROUP, INC. (PINKSHEETS: FFGO.PK) DISPOSAL OF ALL COMPANY’S GOLD MINING ASSETS AND POSSIBLE BID FOR THE COMPANY
Company confirms it is in Final Negotiations to sell all of its Gold Assets and is considering an offer which could result in a Full Bid to purchase the Company
NEW YORK, NY, November 22, 2009 (eMediaWorld) Fortress Financial Group, Inc. (Pinksheets: FFGO.PK) confirms that it is now in extremely advanced discussions, which if successful could lead to either the disposal of its entire remaining interests in its two Gold Properties, those being the “Bouse” and “South Copperstone” Gold Properties; or the outright acquisition of your Company by a third party in order to obtain your Company's interests in these two Gold Properties.
The Company is not in a position to comment on the pricing of these transactions at this point. In your Company Management's opinion, they may be in a position to release further details to their stockholders, very shortly.
Stockholders are cautioned that the value placed on your Company's interests in these two Gold Properties is extremely material and that stockholders should rely only upon facts and valuations that are published by your Company's Management in respect of the impact upon the value per share of your Company's Common Stock. The Company cannot and will not comment on any wild rumors and unfounded speculation in respect of the value of your Company's interests in these two Gold Properties.
There has been no interest in the stock of this company for a protracted period of time, but not without good cause. We have deliberated several business propositions, and are currently still in process. Out of necessity, we have remained silent for this period.
Your Company's Management confirms that it is their intention to dispose of your Company's interests in these two Gold Properties given the huge demand for quality Gold Assets, the unprecedented price of Gold at this time and the inability of your Company's Management to develop these Gold Properties without your Company having the controlling interest in these two Gold Properties. It is the sole intention of your Company's Management to maximize stockholder value at this time, and to return the proceeds to our stockholders, subject however upon the successful disposal of the Company's Gold interests.
In respect of the possibility of a full bid to purchase of your Company, your Company's Management can only say that it is a possibility at this time and cannot comment any further at this time, due to ongoing negotiations.
Permalink: http://www.emediaworld.com/pre…..?id=828847
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
Fortress Financial Group, Inc.
Peter J Bezzano
Chairman
E Mail : investor@fortfinancegroup.com
Twitter : http://twitter.com/FFGO
Telephone: (954) 623-7409
Forums
