Fortress Global Enterprises Inc - Class A FTPLF

RE: RE: Share price ??? What do you call the below

[invest1]

Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Company") reported 2012 second quarter EBITDA of $2.3 million. For the first quarter of 2012, EBITDA loss was $1.8 million and for the second quarter of 2011, EBITDA was $4.6 million.

Excluding corporate costs, the three business segments' combined EBITDA was $3.6 million in the 3 months ended June 30, 2012. The Specialty Papers Segment contributed $10.5 million EBITDA while the Dissolving Pulp Segment and the Security Paper Products Segment generated EBITDA losses of
.7 million and $6.2 million, respectively. Corporate costs contributed to EBITDA loss in the amount of $1.3 million.

Net income for the second quarter of 2012 was $12.5 million or basic and diluted net income of
.87 per share. In the prior quarter net loss was $10.5 million or diluted loss per share of
.73. In the prior year comparative period, net income was $2.9 million or diluted net income per share of
.19. The much improved current period result was primarily due to the gain realized on the sale of certain non-core assets in the Security Paper Products Segment (see "Management's Outlook").