NEW YORK, NY, April 30, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Pink Sheets:GWGO) has acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities, the company being engaged in the issue of and the marketing of prepaid debit and credit cards. The Company is also engaged in various payment solution enterprises.
Great West Gold, Inc. will be changing its name to that of Fortress Financial Group, Inc. with immediate effect and will be obtaining a new CUSIP Number and Trading Symbol.
The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in quoted companies under independent and experienced mining management teams.
The rationale for this transaction was to create value for stockholders and as announced on previous occasions that the Company was seeking to acquire a company in a different Industry Sector.
The Company will now be appointing a new Auditor, this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date.
The Company is discussing changes to its share capital structure with the stockholders of Unitrust Capital S.A. and will be announcing its decision shortly.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold miningexploration stage company, engaged in the acquisition and explorationof mining properties in the United States. The Company has Gold assets through its holdings in "Bouse," "Mockingbird," "Ambassador," "Yaba," "Golden Eagle," "Bonanza," "Storm Cloud," "Starlight," "Venezia," "Federal," "Buffalo Lime Cap," "Red Cloud," "South Copperstone" and "Gladstone Lookout" Gold Mining Projects. The Company's Copper assets are "Copper Mountain," "Swansea," "Tip Top" and "Mineral Mountain." The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.
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 companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.