Fortress
Financial Group, Inc. – Appointment
Released
on: January 16, 2008, 1:42 am
Press
Release Author: Fortress
Financial Group, Inc.
Industry:
Financial
Press
Release Summary: Fortress Financial Group, Inc. appoints Mr Jack
Chang as a Consultant
Press
Release Body: NEW YORK, NY, January 15, 2008 Fortress Financial
Group, Inc. (PINKSHEETS: FFGO confirms that the Company
has appointed Mr Jack Chang as a Consultant to the Company
with immediate effect. Mr Chang has entered into a five year contract
with the Company, a copy of which is being filed shortly; on a Form
8-K with the SEC.
The
Form 8-K filing will contain all of the details of Mr Chang’s
remuneration and incentive package with the Company.
Mr
Chang is a specialist in the development and implementation of International
Debit and Credit Card systems; and will be developing,
managing and overseeing the Company’s launch of at least ten
new MasterCard Debit Card products; in and during
the next two months.
Mr
Chang brings his vast experience and expertise; primarily in financial
service consumer products and “cutting edge” payment
solution technologies to our Company, all of which will be “fast
tracked” thereby ensuring that our Company expands its financial
service interests and its product range, at a very rapid pace.
Mr.
Chang is a businessman, an inventor and an entrepreneur with over
25 years of business and technology experience across multiple industries.
He has the proven track record of conceptualizing how technologies
can benefit the well being of consumers and businesses and then
transform his visions into realities. Many of his past endeavors,
including the Automated Teller Machine (Mr. Chang is the developer
and patent co-holder of the ATM) still have profound impacts on
consumers, businesses and the society.
As
a multi-disciplined individual, he has held CEO and other corporate-level
positions in sales, corporate development, and technology in large
and small corporations. His past customers included consumers and
businesses at large as well as some of the largest of the Global
500 companies, including Citibank, Coca-Cola Enterprises, American
Express, Sears, Visa, EDS, and NationsBank/Bank of America, etc.,
for whom he had also provided strategic planning and business advisory
support.
Mr.
Chang has a BSEE degree in Electronic Engineering from Purdue University,
a MBA in Marketing/Sales from Southern Methodist University and
had done PhD studies in MIS (Management Information System) at University
of Texas - Dallas Extension.
Mr
Chang’s biography reads as follows:
Docutel
Corporation (1969 - 1977)
In
early 1970’s he started worked for Docutel Corporation. Starting
out as an electronic engineer, he became a project manager then
Director of research and Development and then Major Account Sales.
He
was involved and was responsible in the development of most of Docutel’s
products during his tenure. Since 1974, he participated and directly
involved with the sales of hundreds of ATM’s, including hundreds
of travelers check dispensers to American Express. He was also instrumental
in the sale of over 1,000 ATM’s in Europe.
Quadstar
Corporation (1977 -1984) ; President
In
1977, he was offered a consulting assignment to design and develop
an electronic payment transaction switching and processing system
for American Express. He also developed plans and implemented systems
mostly for banks and credit card processing service providers.
In
1980, he saw an opportunity to build ATM and POS transaction switching
and processing systems as a business because of the banking deregulation.
Very quickly, he sold the idea of first such system to Bank of Ohio
and then to a series of other financial and retail institutions.
Within three years, Quadstar grew to 150 employees and sold 110
systems worldwide. In 1984, he sold Quadstar to Citicorp, then Quadstar’s
largest customer.
Citicorp/Quadstar
(1984 - Late 1986); President
From
1984 to 1987, Mr. Chang was the head of a Citicorp company with
global marketing and sales responsibilities. His responsibilities
included evaluating the services, assets and intellectual properties
of various Citicorp operating entities for potential revenue opportunities
then develop plans and implementations to effect the opportunities.
The revenue generation plans include design and or implementing
innovative service delivery infrastructures, such as encryption,
satellite and wireless networks.
His
marketing and sales endeavors required him to organize and manage
a team of U.S. based marketing managers and sales representative
as well as to coordinate sales activities with regional Citicorp
representatives in five continents of North America, South America,
Europe, Asia and Australia. During this period he traveled extensively
to close major sales and interacted with high-placed prospective
executives of Global 1000 companies.
Itac
Corporation (1987 - 1990) ; President
In
1987, Mr. Chang foresaw the use of PC’s as the platform for
bank teller and platform systems. He arranged with Citicorp to leave
his then post and formed Itac Corporation. He led his high technology
team in the design effort, and within one year, Itac developed an
easy to use Windows application generator and database system by
1988.
For
connectivity for the developed Windows applications, Itac also developed
and marketed one of the earliest LAN-gateway systems capable of
easy connection of LANs to NCR and Unisys mainframes, as well as
IBM host systems.
In
1989, using the applications generator and LAN-gateway, Itac created
and marketed one of the earliest PC-based bank teller and platform
systems. Itac sold the teller/platform systems to several financial
institutions. In 1990, ISC/Bunker Ramo (later on became part of
Olivetti Business Systems), then the second largest teller/platform
system provider, acquired the product line from Itac.
ISS
(International Shared Solutions), Inc. 1991 -1998; President
ISS
was a technology and business consulting company. To enhance its
consulting activities, ISS developed, in 1991, a BPR (Business Process
Re-design) tool that can analyze business processes and make redesign
recommendations.
Mr.
Chang and his team of technical and business professionals performed
business process re-design and management and technology consulting
services to Fortune 500 companies. The consulting assignments included:
• Five year strategic operations and technology plan for NationsBank
• A secure Internet-based credit card transaction system for
Visa
• Smart Card marketing and deployment strategy for VeriGem
(Joint venture of Verifone and Gemplus)
• Product market strategy for VeriFone, the POS maker
• An electronic payment system marketing and deployment strategy
for Unisys
• Intelligent intranet system for Coca Cola Enterprises
• Enterprise network strategies for Deluxe Checks and Ceridian
Employer Services
• Data security plans for Deluxe Checks and Ceridian Employer
Services
• Internet browser-based payroll data submission system for
Ceridian Employer Services
• Wireless strategies for EDS
Global-Vision, Inc. (1999 - 2007); President
In
1999, Mr. Chang decided to be involved heavily with the Internet
and wireless technologies and re-incorporated his operation as Global-Vision.
The software products developed under the Global-Vision banner include:
• High volume Laser printer control systems that can increase
the printing speed and reduce the need for font and image management
for most print processes
• Developed an overall knowledge management system that combined
the need for paper printing, Electronic Bill Presentment, information
archiving and viewing.
• Computer Telephony Integration (CTI) and Interactive Voice
Response (IVR) Systems - Including integrating CTI/IVR systems with
the Internet
• An advanced Internet/intranet authoring tool (the Silverado)
that can be used to create not only sophisticated Web sites but
also intelligent business process workflow systems.
In
early 2000, Global-Vision began working on wireless application
potentials with Nippon Columbia, which represents an alliance of
industrial giants that includes Hitachi, Sanyo Electric, Fujitsu
and Infineon (the semiconductor part of Siemens of Germany). The
result of the collaboration resulted in a marketing rights agreement
of a semiconductor chip containing a smart card computer, a cryptographic
engine and capable of high-density storage. Mr. Chang’s goal
is to incorporate the chip in various devices (such as cell phones)
for various applications, including a cell phone activated wireless
payment system.
AEFT (Advanced EFT) (2004 - Present); President
Since
the 1990's Jack Chang has been developing plans to satisfied mass
consumer needs on a global scale. With the understanding that most
of the 6.4 billion consumers in the world are un-banked or under-banked,
he realized that the Prepaid Debit Card system will soon be the
"Prevalent Retail Payment System of the World". With the
objective to capitalize on and capture the window of opportunity
and the ensuing market share, Jack Chang created AEFT in 2004 to
be the business developer and wholesale marketer of advanced Electronic
Payment Systems products. AEFM currently has product development
joint venture and alliance relationships with payment system processors
and banks in Asia, Africa, Europe and the U.S. AEFT also has a network
of globally distributed sales agents and licensees to market its
currently available International Prepaid Debit Cards, prepaid healthcare
and insurances benefits, international money transfer service, check
cashing and clearing service and Merchant Account Service.
AEFM's revenue model strives to create both initial and long-term
recurring commission revenue streams from a global customer base
through mass distribution marketing channels. Its customer base
includes businesses and banks distributed across all regions of
the world. AEFT also performs payment system consulting services
to selected international clients.
Fortress Financial Group, Inc. will be working
closely with AEFM on its product launches and the utilization of
the proprietary and “cutting edge” technologies developed
by AEFM.
Alan
Santini, the Chief Executive Officer of Fortress Financial Group,
Inc. commented “that he was honored to be working
with Jack Chang on a day to day basis and that
the products already introduced to our Company by Jack. will be
rapidly implemented into our now very fast growing portfolio of
MasterCard Debit Cards and other payment solutions
products”. Alan Santini added that “Jack’s
invaluable connections and experience have already resulted in new
and renegotiated deals being brought to the Company, all of which
will have an enormous impact upon on our immediate profits from
existing and soon to be introduced products and technologies.”
Alan Santini added “that with the Company’s
US$1 billion asset base comprising of quoted Gold Mining stocks,
held by the Company as a passive investment; the Company would have
no need to raise the considerable funds planned for the extensive
Marketing and Advertising of the Company’s products, commencing
within the next few weeks.”
About
Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is primarily engaged in
the issuing and marketing of prepaid debit and credit card and related
payment solution activities. It has just announced the acquisition
of Moneyworx, Inc., a reseller of MasterCard
prepaid USA Domestic and International Prepaid Debit Cards.
The Company will have no less than twelve individually branded and
tailored Debit Cards within the next two months.
Fortress
Financial Group, Inc. will be launching its own label “Fortress”
International Debit Card in the first quarter of 2008.
The
Company operates through Fortress Card Solutions, Inc.
and Moneyworx, Inc. The Company will be shortly
be establishing an office in Nassau, Bahamas; primarily to service
our High Net Worth “offshore” cardholder base.
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 now 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. It is expected that these two remaining interests will be
exchanged for shares of Common Stock in a USA Gold Mining &
Exploration Company, within the next six weeks.
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.
Web
Site: http://www.fortfinancegroup.com
Contact
Details: Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
investor@fortfinancegroup.com
Tel:
(954) 840-6961
1903
60th Place E.
Suite M2240
Bradenton
Florida
34203
Back
to previous page...
Back
to home page...
Submit
your press releases...
|