Financial Group, Inc. – Loan Facility
on: February 14, 2008, 4:24 pm
Release Author: Fortress
Financial Group, Inc.
Release Summary: Company secures US$5 million Long Term Loan Facility
Release Body: NEW YORK, NY, February 14, 2008 Fortress Financial
Group, Inc. (PINKSHEETS: FFGO) has entered into a Long
Term Loan Agreement in the amount of US$5 million. This
initial loan agreement is a “non recourse” loan secured
against a small portion of the Company’s restricted stockholding
in Hunt Gold Corporation. This loan will be drawn
upon as required to fund the Company’s aggressive acquisition
The Company is planning an extremely aggressive acquisition plan
of companies operating in the consumer finance market which are
complimentary to the Company’s Debit Card products. These
acquisitions will be funded through cash, vendor financing and the
issue of restricted shares of the Company’s shares of Common
It is intended that this strategy result in the Company becoming
a Group of Companies with a very solid immediate earnings base which
huge “cross selling” and synergetic benefits. The Company
expects to expend circa US$25 million in acquisitions in the forthcoming
three months, with no single acquisition being greater than US$1.5
The Company expects to increase its borrowings substantially in
the near future, to continue this business model of aggressive acquisitions.
The Company will be leveraging against its substantial portfolio
of investments in order to fund this very aggressive growth; thereby
ensuring an immediate and substantial cash flow and profits for
Fortress Financial Group, Inc. holds a 48% stockholding
in Hunt Gold Corporation, currently valued at circa
US$500 million. Fortress Financial Group, Inc.
retains additional unquoted Gold Mining & Exploration
interests valued at circa US$400 million. It expects to dispose
of these remaining additional assets very shortly, in return for
stock in a quoted USA Gold Mining Company.
The Company will be launching its corporate web site on Wednesday
February 20, 2008 and it is expected that this very detailed web
site will enable investors to analyse our Company fairly rapidly.
This web site will be updated on a daily basis, allowing investors
to follow this extremely aggressive acquisition and growth strategy;
and allow them to accurately calculate the effects of this strategy
upon the Company Net Asset Value and Earnings per share.
Alan Santini, the Chief Executive Officer of Fortress Financial
Group, Inc. commented “that this aggressive strategy
would result in the creation strong Financial Services Group able
to exploit the numerous synergies emanating from the planned acquisitions.
He added that the successful execution of this business plan will
result in a very strong cash flow and earnings base; facilitating
further and more substantial acquisitions in the second half of
this year”. Alan Santini commented that
with current low interest rates and depressed market conditions,
the Company was well positioned to acquire numerous synergistic
companies at very low earnings multiples.
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
Financial Group, Inc. will be launching its own label
“Fortress” International Debit Card in the
first quarter of 2008.
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
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.
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.
Financial Group, Inc.
Chief Executive Officer
Details: Fortress Financial Group, Inc.
1903 60th Place E.
: Mr Alan Santini (Chief Executive Officer)
: (954) 840-6961
Mail : firstname.lastname@example.org
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