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Fortress Global Enterprises Inc - Class A FTPLF

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Post by Nighthawk40on Nov 05, 2010 8:00am
226 Views
Post# 17662498

FTP Financial Backer in Quebec

FTP Financial Backer in QuebecOn Oct. 7th, 2010, Chad made this interesting comment:
"We are very pleased to be working with Solidarity Fund QFL on this exciting project in the Province of Quebec where they are playing an important role in the Thurso project by providing early stage capital to FTP. I would like to thank the Fonds on their support and I would welcome the opportunity to partner with them again in the future".

Gaetan Morin, Executive V.P. of Solidarity Fund QFL responds:
"we were pleased to partner with FTP earlier this year. The Company's turnaround plan is well underway. The Thurso plant is already running at a good pace, having called back some 300 employees".


With FTP aggressively seeking new acquisitions, perhaps Gaetan Morin may be behind the scenes helping Chad acquire another company in Quebec.

From a strategic, financial and management perspective, this would be a perfect fit.

Cheers,


Nighthawk40
Bullboard Posts