Fortitude Group Inc announces the Return of 254 Million shares to Treasury
ERIE, PA—(January 30, 2015) - Fortitude Group, Inc. (FRTD) announced today that 254 Million shares of Fortitude Group Inc Common stock have been officially returned to the Fortitude Group Inc Treasury.
Thomas J. Parilla, CEO of Fortitude stated, “The return of approximately 25.4% of Fortitude’s common stock back to Treasury goes a long way towards cleaning up the Capital structure of the company, and hopefully gives the company and its shareholders a brighter future. The shares were returned in late December of 2014, and we are diligently working on behalf of the Fortitude shareholders to bring additional shares back in as well. If or when we are successful in bringing additional shares back into our Treasury we will update shareholders accordingly. The shares were returned to our Treasury through our Transfer Agent “Pacific Stock Transfer” and can be verified there.”
We hope to be able to come back with a full shareholder update on the progress we are making at Fortitude Group Inc sometime in the near future, and at that time we will update shareholders further on the outlook of Fortitude Group Inc, and the direction we are moving.
Forward Looking Statements
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause the Company's actual results to differ
materially from those projected in such statements. Forward-looking statements
speak only as of the date made and are not guarantees of future performance. We
undertake no obligation to publicly revise any forward-looking statements.