Fortitude Group, Inc. Submits Special Share Issuance Certificate to Transfer Agent
April 10 2014 - 8:00AM
Marketwired
Fortitude Group, Inc. Submits Special Share Issuance Certificate to
Transfer Agent
ERIE, PA--(Marketwired - Apr 10, 2014) - Fortitude Group, Inc.
(OTC: FRTD) announced today that on April 5, 2014, the company
received 9,250,000 shares of Affinity Mediaworks Corp. (OTCQB:
AFFW) and has submitted the certificate to the Affinity transfer
agent to have the shares re-issued and forwarded to bona fide
Fortitude shareholders of record, as of the calendar date: March
14, 2014 at 6:00pm EDT.
As previously announced, 9,250,000 shares of Affinity Mediaworks
Corp., which represents approximately 14% of the to-be-issued and
outstanding stock of Affinity Mediaworks, are being issued as a
Special Share Issuance to bona fide shareholders of record of
Fortitude Group, Inc. This issuance has been calculated that for
every 92 FRTD shares beneficially owned by a Fortitude shareholder,
they shall be entitled to receive 1 new additional share of
Affinity Mediaworks. Affinity Mediaworks is set to invest
$4,000,000 for a 45% in PRIMARQ in April 2014. Based on preliminary
pro-forma numbers, while still a pre-revenue company, within
90-days of funding, PRIMARQ is projecting gross revenue of over
$200 million per year. Currently, Affinity has raised the
$4,000,000 necessary to complete this investment and under the
terms of the funding agreement, the investment capital can only be
released to PRIMARQ upon verification that the Fortitude
shareholders have received their AFFW Special Share Issuance
certificates.
For shareholders that are unsure if they are on the NOBO
(Non-Objecting Beneficial Owner) list or they just want to confirm
that they are on the participation list, they can visit
http://www.FRTDIssuance.com and input their personal information
which will include their name, address, phone number, number of
shares beneficially owned as of March 14, 2014 and purchase
price.
The 9,250,000 shares of Affinity Mediaworks Corp. being
distributed to Fortitude bona fide shareholders of record will
carry registration rights and be registered in the Company's
S-1(which will be filed with the SEC April 2014). The average
timeline for an S-1 to be deemed effective is 90-days from the
initial submission to the SEC. The first draft of the S-1 is
currently being reviewed by management at this time and is expected
to be filed on April 15, 2014.
Thomas J. Parilla, CEO of Fortitude stated, "Fortitude is
growing at a fast pace as we move through April 2014. We are
excited to have just booked our first revenue from the initial 5k
VaporVites unit order and we are completing another 25k unit order
which will be announced after the deposit is received. We have also
just notified the public that due to unforeseen issues with our
plan administrator, http://www.420cashcard.com will no longer be
operating under the '420' brand and that we decided to replace the
site with a more universally acceptable name
Http://www.affinityblackcard.com. Through this new site we will be
processing the over 7,000 card orders we received through the '420'
brand. We are completing the final BETA test on the new site and
anticipate its new launch on the 11th. We are still receiving
submissions from the Http://www.FRTDIsuance.com site from
shareholders that want to participate in this extraordinary
opportunity. This new issuance should be completed the week of the
14th keeping us within our target timeline."
About Fortitude
Group, Inc. is a diversified company with investments in multiple
sectors of the economy targeting joint ventures, wholly owned
subsidiaries and/or majority/minority positions that cross various
market segments with the goal of creating a quality company that
builds intrinsic value for its shareholders.
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.
Contact Fortitude Group, Inc. Investor Relations Phone:
888-531-4931 Email: info@g3corp.net
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