|By Marketwired .||
|May 15, 2014 10:01 AM EDT||
ERIE, PA -- (Marketwired) -- 05/15/14 -- Fortitude Group, Inc. (PINKSHEETS: FRTD) announced today that on May 26, 2014 they are launching ShareholderConnect.com.
Shareholderconnect.com is a cloud based application that was created by the management team at Fortitudes recently acquired financial website. The application is an aggregator that takes static shareholder information that is commonly provided to small public companies by their transfer agent and often only includes the shareholders name and address. ShareholderConnect.com enhances the individual file by using public domain to compile individual information such as a shareholder's LinkedIn, Twitter, Facebook and iHub accounts. This application was designed to enhance a small public companies shareholder communication experience.
Thomas J. Parilla, CEO of Fortitude stated, "We have been BETA testing the ShareholderConnect.com product for the past month with 10 small public companies. Each company had an average shareholder base of 2500 individual records and by using ShareholderConnect.com, we were able to enhance on average, over 63% of the static records provided or 1,575 records.
We have compiled detailed information on over 3,900 small public companies that fit our initial product criteria and we will begin marketing the ShareholderConnect.com application to them starting May 26, 2014. Our price point is $499.00 per month with a one-time $150.00 set-up fee. The client will have the option to pay a year in advance for which they will receive one-month free for the annual payment. Our goal is to execute agreements with 200 companies during the remainder of May through June 2014. Based on our test market data we are confident that we can meet and or exceed this goal.
Our focus is to build revenue streams and acquiring cash flow. With the launch of the ShareholderConnect.com application we should add a minimum of $100,000.00 per month in new revenue which will compound as additional small companies sign-up with the application."
Fortitude Group, Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
Forward Looking Statements
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Fortitude Group, Inc.
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