Fortified Holdings Completes Over $5 Million in Private Placement Funding

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Tue Jan 15, 2008 8:01am EST

  WASHINGTON, DC, Jan 15 (MARKET WIRE) -- 
 Fortified Holdings Corp. (OTCBB: FFDH) ("Fortified" or the "Company") took the
next step toward becoming a market leader in the homeland security, defense and
emergency response industries today by successfully closing on a second tranche
of
its private placement of common stock and warrants. Last week's closing yielded
gross proceeds of just over $4,000,000. When added to the proceeds of an
initial closing conducted in November 2007 (described in Fortified's most recent
Form10-QSB), the total gross proceeds received by the Company in the private
placement now stand at over $5,000,000.

    Fortified has previously disclosed its intent to raise between $12,000,000
and
$20,000,000 in the current private placement. The Company anticipates conducting
a
third closing on additional funds within the next 30 days, bringing the total
into the target range.

    Alan Hurwitz, CFO of Fortified Holdings, commented: "The speed with which we
were able to raise these funds and the strong relationships we have
established with the investors in the process is a testament to the value we
are creating for our stakeholders. The capital raised strengthens the
Company's financial position today, and more importantly, improves our
ability to execute on our growth acquisition strategy."

    The two tranches of the private placement that have closed to date were both
managed for the Company by London-based Falcon Capital LLP. The securities
sold in the private placement consisted of common stock and warrants to
purchase common stock of the Company. The securities that were sold were
priced at $0.40 per unit (each consisting of one share and one warrant), are
not registered under the Securities Act of 1933, as amended, and were sold only
to
offshore accredited investors. More complete details of the private placement
have been included in a Form 8-K filed on November 11th with the Securities and
Exchange Commission. This press release does not constitute an offer to sell
or the solicitation of an offer to buy securities in any jurisdiction.

    Fortified Holdings Corp. (OTCBB: FFDH)

    Fortified Holdings Corp. aims to become a diversified internationally
focused holding
company with a portfolio of dynamic and rapidly expanding industry leading
subsidiaries servicing the needs of first responders, the military, relief
organizations, high-risk industries and similar sectors. The current and
proposed
business units and the portfolio companies within them will all share a common
goal of designing, developing, manufacturing and globally marketing products and
solutions designed to enhance the ability of personnel in this sector to
collaborate, to provide improved security services, and to respond to
individuals
and communities in need at times of crisis.

    Forward-Looking Statements

    Except for statements of historical fact, this news release contains certain
"forward-looking statements" as defined by the Private Securities Litigation
Reform
Act of 1995, including, without limitation, expectations, beliefs, plans and
objectives
regarding future activities. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results,
performance or achievements of Fortified Holdings to be materially different
from any future results, performance or achievements expressed or implied by
suchforward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop future assets, the
ability to fund operations and changes in consumer and business
consumptionhabits and other factors over which Fortified Holdings Corp., or any
affiliates, has little or no control.


ON BEHALF OF THE BOARD
Fortified Holdings Corp.
Brendan Reilly, CEO

    


Investor Relations Contact
Bakerview Investor Relations Inc.
Email Contact
1-800-713-3170
www.fortifiedholdings.com

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