Fortress Financial Group, Inc. — Increase in Value of Hunt Gold Corporation Investment
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has been advised by Hunt Gold Corporation that it is to pay a stock dividend to its stockholders and in the amount of US$0.0021 per share of Common Stock. This was announced by Hunt Gold Corporation on August 26, 2008 and was a result of the completion of the sale by Hunt Gold Corporation of its Molybdenum interests.
Fortress Financial Group, Inc. holds a net direct and indirect holding in the amount of 1,849,848,460 shares of Hunt Gold Corporation Common Stock.
Based upon today’s average trading price of Hunt Gold Corporation being in the amount of US$0.0047 per share and coupled with the stock dividend of US$0.0021 per share, Fortress Financial Group, Inc.’s stockholding in Hunt Gold Corporation is now valued at no less than the amount of US$12,578,970.
This equates to a value of US$0.00045 per share of Financial Group, Inc. Common Stock and this calculation is based upon the outstanding number of shares of Fortress Financial Group, Inc. Common Stock being in the amount of 27,922,377,817.
The value of this Company’s interest in Hunt Gold Corporation Common Stock exceeds the current trading price of Fortress Financial Group, Inc. of US$0.0004 per share of Common Stock.
The Management of this Company is very aware that Hunt Gold Corporation remains very undervalued and is extremely confident that a far higher price will be achieved for this Company’s stockholding in Hunt Gold Corporation, the sale proceeds of this Company’s stock in Hunt Gold Corporation is to be distributed to its stockholders in full.
The Company remains in negotiations in respect of the sale of its 486,259,587 “free trading” shares of Hunt Gold Corporation Common Stock.
Management remains confident that these “free trading” shares held in Hunt Gold Corporation by this Company, will fetch a substantial premium to that Company’s current stock price. The Company announced on August 19, 2008 that, should the Company obtain a price of US$0.03 per share for the “free trading” shares, that being at the last bid price for Hunt Gold Corporation, this will result in a cash injection of US$14,587,788. Should this be achieved; this will result in cash dividend for this Company’s stockholders valued at US$0.00052 per share.
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 a “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 company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Investor Insights Dick Granieri Gordon Otter E Mail : Email Contact Telephone : 1-800-530-3545 Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
SOURCE: Fortress Financial Group, Inc.