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Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB

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  #1  
Old 02-19-2008, 06:50 AM
$YoungMillionaire$ $YoungMillionaire$ is offline
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Default FFGO - Fortress Financial Group, Inc. (PINK Stock)

Hey guys, have a quick looksee at this brand new little baby....I'm thinkin' im gonna throw some money into it just for fun (not too much, haven't had time to do the hours of DD i like to do before putting serious money into something...)
Here read up...

MARKET WIRE) -- 02/14/08 -- 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 plan.

The Company is planning an extremely aggressive acquisition plan of companies operating in the consumer finance market which are complementary 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 Stock.

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 million.

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 the Company.

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, "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, "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.

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. (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.

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 company's 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
Email Contact
Tel: (954) 840-6961
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  #2  
Old 02-19-2008, 06:53 AM
$YoungMillionaire$ $YoungMillionaire$ is offline
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Default Re: Fortress Financial Group (FFGO)

so what I understand from this is that this company is going to bully/buy its way onto the scene in the financial industry...The idea seems good to my brain, but does anyone with extensive knowledge in this area have anything to say about it...?? My thinking is that once they acquire all these smaller company's there is no way their stock can stay at .0001...you never know these things but that how i see it..
Thanks guys, Lets make some money.
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Old 02-19-2008, 07:04 AM
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Default Re: Fortress Financial Group (FFGO)

Those that have been around might remember this as GWGO. Changed names and cusips early on last year. I just played it a few months ago on the small spike. Typical pinkie with typical pinkie games. Chart does not look bad from this level, but I always highly advise taking profits when you can get them and, not just minimizing, but eliminating all risk.
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Old 02-19-2008, 07:19 AM
$YoungMillionaire$ $YoungMillionaire$ is offline
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Default Re: Fortress Financial Group (FFGO)

Thanks for your input Klipper. so if i understand this company correctly they are turning a new leaf and starting over with Fortress Financial...??
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Old 02-19-2008, 09:42 AM
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Default Re: Fortress Financial Group (FFGO)

turning a new leaf or not, I have been waiting for the distibutions from 2005/2006 which they are just now trying to clear up. This is after the Nov.07 reverse split that left most with pennies (3000/1). Play with caution- there is a reason that Pink Sheets is saying- NO INFORMATION.
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Old 02-19-2008, 10:10 PM
$YoungMillionaire$ $YoungMillionaire$ is offline
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Thumbs down Re: FFGO - Fortress Financial Group

yes im sorry to hear that you are one involved in the long wait for what is yours...
Ive heard of many people in your same position.
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  #7  
Old 02-20-2008, 12:29 AM
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Default Re: Fortress Financial Group (FFGO)

Quote:
Originally Posted by $YoungMillionaire$ View Post
Thanks for your input Klipper. so if i understand this company correctly they are turning a new leaf and starting over with Fortress Financial...??
Most pinkies are always "turning over a new leaf".
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"Always bear in mind that your own resolution to success is more important than any other one thing." - Abraham Lincoln

"The heights by great men reached and kept, were not obtained by sudden flight. But they, while their companions slept, were toiling upward in the night." - Longfellow

"If the life you have created
Is founded on jealousy and hatred...
It's too late to ask questions
For you're much too old to take any suggestions"

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  #8  
Old 02-20-2008, 06:18 AM
$YoungMillionaire$ $YoungMillionaire$ is offline
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Default Re: FFGO - Fortress Financial Group(used to be GWGO)

hahaha yes I am starting to realize that more and more everyday...
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Old 11-30-2009, 11:35 AM
paul3963 paul3963 is offline
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Default (FFGO) Fortress Financial Group, Inc. - Filing of Form 8-K

I'd like to share with you the news I saw about this stock


NEW YORK, NY -- (Marketwire) -- 11/24/09 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has today filed a very detailed Form 8-K.




The purpose of this filing is to update our stockholders as to the position of their Company, to date.




This Form 8-K filing does not detail any valuations in respect of the Company's interests in its two Gold Properties, which the Company is now engaged in very advanced discussions to dispose of, at this time.





In respect of the possibility of a full bid to purchase your Company, your Company's Management can only say that it is a possibility at this time and cannot presently comment any further at this time, due to ongoing negotiations, and has not therefore dealt with this issue in this Form 8-K filing.


From: Fortress Financial Group, Inc. - Filing of Form 8-K
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