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Fortress Financial Group, Inc. - Final Disposal of Company's Gold Mining Investments.


Company now in final negotiations to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use.

See also: Dispose
 the Company's entire Portfolio of Gold Mining Exploration Investments

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO FFGO Free Flash Game Online ) announced on October 18, 2007 that it that it was in advanced negotiations to dispose of its interests in the following gold mining exploration properties: "Mockingbird mockingbird: see mimic thrush.
mockingbird

Any of several New World birds of a family (Mimidae) known for their mimicry of birdsong. The common, or northern, mockingbird (Mimus polyglottos) can imitate the songs of 20 or more species within 10
", "Golden Eagle" and "Ambassador"; to a quoted Company in the USA.

The Company is now in a position to confirm that this transaction is expected to be concluded shortly.

The Company, in the same announcement, disclosed that was in preliminary discussions to dispose of the balance of its interests in its two additional Gold Mining Exploration properties; namely "Bouse bouse also bowse  
v. boused also bowsed, bous·ing also bows·ing, bous·es also bows·es Nautical

v.tr.
To pull or hoist with a tackle.

v.intr.
To hoist.
." and "South Copperstone".

The Company is in a position to confirm that it is now in the final stage of negotiations in respect of this transaction, being the sale of interests in "Bouse" and "South Copperstone" and it is now expected that this transaction will be concluded without any further delay. This sale is being transacted with another USA quoted Company.

The successful conclusion of these two transactions will leave the Company with a significant stock holding in two separately quoted Mining Exploration Companies. It is intended that the Company's stockholdings in these two companies, be distributed primarily to its stockholders, the balance of these stockholdings to be retained by the Company to create additional funding from a portion of the sales of these stock holdings to expand its interests in its core "debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  and payment solutions" business at a far more aggressive pace. The Company expects to announce significant developments in this core area of our business, very shortly.

GENERAL NOTES:-

The negotiations in respect of the sale of the "Mockingbird", "Golden Eagle" and "Ambassador" Gold Mining Exploration properties; are being conducted with a publicly quoted company in the USA.

The negotiations in respect of the sale of the "Bouse" and "South Copperstone" Gold Mining Exploration properties; are being conducted with a separate publicly quoted company in the USA.

This would result in the immediate and proper exploration being conducted on these Gold Mining Exploration properties, a very strong incentive to the Management of your Company and to the minority stockholders in these five Gold Mining Exploration properties.

The Company is not prepared, at this time, to offer any predictions upon the possible impact upon the Company's asset value, until the successful conclusion of this transaction, save to say that it will be enormously increased due to the Company receiving quoted stock; a "better valuation model" for investors as compared to our Company holding these "passive" Gold Mining Exploration properties in our "Investment Portfolio". The result of these transactions will be an accurate valuation being placed upon the Company's shares of Common Stock.

The recent record highs in the price of Gold have been of massive benefit to the Company's stockholders; and the Management of the Company is relieved that it took its time to examine all of its options in respect of its Mining Investment Portfolio. Stockholders may rest assured that they will continue to benefit from the Company's large exposure to the Gold price; as they will receive the majority of the quoted stock in these two quoted companies, through the Company's planned distribution of these quoted stocks to its stockholders, following the successful conclusion of these transactions.

The Management of this Company is delighted that finally, the true value of the Company will be demonstrated, given its dismal dis·mal  
adj.
1. Causing gloom or depression; dreary: dismal weather; took a dismal view of the economy.

2.
 stock price performance of late; the stock price of which, remains incredibly undervalued Undervalued

A stock or other security that is trading below its true value.

Notes:
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating.
 as at the date of this announcement. The Company welcomes the financial impact and the outcome of the conclusion of these transactions, which will reward many patient long term investors in this Company.

Stockholders will be advised as to further details in respect of these two transactions, as and when we are permitted to release further details. It is incumbent upon the Company not to disclose the identities of the two publicly quoted companies with whom we are in final negotiations until such time as they advise their own stockholders accordingly. Our stockholders will nevertheless, be advised on a weekly basis, as to the status of these two transactions.

RATIONALE FOR THESE TRANSACTIONS:-

The Company is committed to rapid growth of its financial service interests and to "unlock" value for its stockholders (as well as the minority stockholders in the Gold Mining Exploration interests). This is very long overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue.
     2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick.
, in the opinion of the Company's Management.

The current "Commodity boom", particularly in Gold, has paid off for the Company, allowing us much flexibility in our negotiations given the huge amount of unsolicited un·so·lic·it·ed  
adj.
Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions.


unsolicited
Adjective
 interests and proposals that the Company has received in respect of its portfolio of Gold Mining Exploration assets, a factor that appears to gone unnoticed by the market, given the Company's dismal stock price performance.

The successful completion of these transactions fulfills our ambitions to reward our stockholders through the "unlocking" of the value of these Gold Mining Exploration properties to (a) provide large amounts of working capital for our Financial Service interests to facilitate immediately enhanced earnings and cash flow; as well to complete certain (as yet unannounced) proposed acquisitions, to rapidly expand our interests in this sector (b) provide our stockholders with stock publicly traded stock (directly) in these Gold Mining Exploration Companies through the distribution of the majority of our stockholdings received through these transactions and (c) to reward the loyalty of long standing stockholders who have watched the erosion of the stock price and their ability to exchange their unquoted stockholdings in the five Gold Mining Exploration Companies for publicly traded stock.

About Fortress Financial Group, Inc.

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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company retained these Gold Mining Exploration interests as portfolio assets; it intends to extract value from these assets through a future "spin off" or a sale. Great West Gold, Inc. has now changed its name to that of Fortress Financial Group, Inc. following its entry into the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 sector. The Company is now primarily engaged in the issuing and marketing of prepaid pre·pay  
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.



pre·payment n.
 debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit.  and credit card and related payment solution activities.

This release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" 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 Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 CIRCUMSTANCES, evidence. The particulars which accompany a fact.
     2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or
, 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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 or 10-KSB and other filings made by such company with the SEC.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Date:Oct 24, 2007
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