Fortress
Financial Group, Inc. – Update on Hunt Gold Corporation
Stock Distribution
Released
on: February 20, 2008, 11:25 am
Press
Release Author: Fortress
Financial Group, Inc.
Industry:
Financial
Press
Release Summary: Company updates its stockholders on the distribution
of the Hunt Gold Corporation Stock Certificates
Press
Release Body: NEW YORK, NY, February 20, 2008 Fortress Financial
Group, Inc. (PINKSHEETS: FFGO) can now
confirm that the Transfer Agent to Hunt Gold Corporation
has confirmed that all stock certificates in that Company are being
posted to all eligible stockholders today. These stock certificates
were supposed to be have been posted on Monday February 18, 2008.
The delay was caused by the Transfer Agent requiring various indemnifications
from Hunt Gold Corporation in respect of any missing
or lost stock certificates that may arise from this bulk posting
to eligible stockholders.
The Company undertook to launch its corporate web site today. Due
to “creative and artistic” details required by the Company’s
Public Relations Advisors, in respect of this web site, its launch
has been delayed for a few days. We are confident that this web
site will be “live”, this week. We apologize to our
stockholders for this delay.
The
contact details for the Transfer Agent to Hunt Gold Corporation
are as follows:
First
American Stock Transfer, Inc.
706 E Bell Rd
Suite 202
Phoenix
Arizona
85022
(602)
485-1346 Phone
(602) 485-4091 Fax
www.FirstAmericanStock.com
Stockholders may contact this Transfer Agent, to confirm their stockholdings
in Hunt Gold Corporation.
Stockholders
in Fortress Financial Group, Inc. (formerly Great West Gold,
Inc.) who held their stock, in brokerage accounts”;
on the three stock dividend dates in respect of Golden Eagle
Mining Holdings plc, Sentinel Resource Holdings,
plc and in Ambassador Gold Holdings plc;
have their stock registered in the name of “Cede &
Co.”, the DTC clearing company.
First
American Stock Transfer, Inc. issued these shares of Hunt
Gold Corporation, registered to “Cede & Co.”,
directly to “Cede & Co.” on Monday February 18,
2008, in order for “Cede & Co.” to allocate these
shares to the eligible Brokers to allocate to their client accounts
in respect of the aforesaid Stock Dividend Dates.
The
DTC and “Cede & Co.” rejected these shares as they
do not have the correct filings, in respect of the Stock Distributions,
on record.
We
are at this time expediting all of this information, as is required
by “Cede & Co.” and by the DTC and expect to have
the matter resolved tomorrow. Once resolved, we will immediately
advise our stockholders.
Cede
& Co. and Brokers will be responsible for the allocation of
these shares to eligible stockholders. This is not a process in
which either the Transfer Agent, Fortress Financial Group, Inc.
or Hunt Gold Corporation has any control whatsoever.
This
does not apply to stockholders who held their stock in certificate
form in Great West Gold, Inc. (now Fortress Financial Group,
Inc.) on those three Stock Dividend Record Dates. These
stockholders will receive their stock certificates in Hunt
Gold Corporation by mail, directly from the Transfer Agent.
About
Fortress Financial Group, Inc.
Fortress
Financial Group, Inc. is now 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. Fortress Financial Group, Inc. will
be launching its own label “Fortress” International
Debit Card in the first quarter of 2008.
Fortress
Financial Group, Inc. has secured a “non recourse”
initial long term loan facility in the amount of US$5 million and
intends to immediately embark upon a very aggressive acquisition
strategy of synergistic companies. These acquisitions to be funded
through cash, vendor financing and the issue of the Company’s
restricted shares of Common Stock. The Company’s strategy
is to immediately build a strong Group of financial services companies
with strong earnings and cash flow.
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
and holds approximately 48% of Hunt Gold Corporation shares of outstanding
Common Stock, as an investment. Fortress Financial Group,
Inc. holds quoted investments valued at circa US$600 million
and addition unquoted investments valued at US$400 million.
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, very shortly.
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.
Alan Santini
Chief Executive Officer
investor@fortfinancegroup.com
Tel:
(954) 840-6961
Web
Site: http://www.fortfinancegroup.com
Contact
Details: Fortress Financial Group, Inc.
1903 60th Place E.
Suite M2240
Bradenton
Florida
34203
Contact
: Alan Santini (Chief Executive Officer)
Telephone
: (954) 840-6961
E
Mail : investor@fortfinancegroup.com
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