Penny Stock News On The Pink Sheets
Company Clarifies Its "Record Date" in Respect of the Extraordinary Dividend
Jul 24, 2008 11:57:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/24/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed that the Company has resolved to distribute an amount of US$400 million of its Gold Assets to its Stockholders.
The Company clarifies that the "Record Date" for this Dividend applies to stockholders who are registered on that date. The "Record Date" for this Extraordinary Dividend cannot be before late August in 2008 and will therefore apply to stockholders on or around that date.
Stockholders will be advised well in advance as to the "Record Date" and the "Pay Date." It will take at least three weeks to co-ordinate and prepare for this Extraordinary Dividend in order to ensure that all stockholders on the "Record Date" receive the Dividend. The Company has learned this from bitter experience on past dividend payouts to its stockholders.