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Provider: Reuters Investment Profile
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Fortitude Group Inc Announces Subsidiary Acquisition


Thursday, 23 Jan 2014 08:30am EST 

Fortitude Group Inc:Says formation of three new majority owned subsidiaries.Says its Board of Directors has approved the formation of three new subsidiaries of the company.Says it has registered Fortitude Healthcare, Fortitude RE Holdings and Fortitude Technology as three majority owned subsidiaries.Says these newly formed corporations will be registered in Delaware and operated under separate management.Says each subsidiary will immediately take the necessary steps to file the required registration statements with the SEC, FINRA and State & Federal regulatory bodies with a goal to have the shares of each subsidiary traded as a separate public company in 2014.Says the three new subsidiaries listed above will provide a funding conduit for both Procap Funding and outside investors who want to capitalize on the growing healthcare sector without linking the performance of their investment to the other two subsidiaries.Says Fortitude Healthcare is being developed to consolidate the existing letters of intent which will complete the acquisitions the company has announced over the past year. 

Company Quote

1.0E-4
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17 Dec 2014