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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

Comment by Nighthawk40on May 06, 2011 11:17am
474 Views
Post# 18540181

RE: RE: Corporate update

RE: RE: Corporate updateKey points:

1. Thurso Conversion is on track and will be producing DP in 5 months.

2. To enhance share holder value, FTP is "diligently" looking to purchase "under-valued" assets. Chad's strength.

3. Efficiency improvements at the Dresden Mill and Landqart Mill will reduce labour costs.
Both divisions are positioned well to improve on their sales from 2010. Higher profits are as a result expected in 2011 & 2012.

4.The Fortress Optical facility construction is on schedule to coincide with the Thurso Mill DP conversion start.
Production / sales expected in the 4th quarter of 2011. Plus the R&D patent rights will help FTP bid for additional currency contracts.

5. The statement of claim is being defended vigorously. The burden of proof is on "Sateri".

Expected "Cash flow" increases in 2011should enable FTP to meet or exceed their projected EPS projections.






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