Published:
Fortified Holdings Completes Over $5 Million in Private Placement Funding

Fortified Holdings Corp. (OTCBB: FFDH)
("Fortified" or the "Company") took the next step toward becoming a market
leader in the homeland security, defense and emergency response industries
today by successfully closing on a second tranche of its private placement
of common stock and warrants. Last week's closing yielded gross proceeds of
just over $4,000,000. When added to the proceeds of an initial closing
conducted in November 2007 (described in Fortified's most recent Form
10-QSB), the total gross proceeds received by the Company in the private
placement now stand at over $5,000,000.
Fortified has previously disclosed its intent to raise between $12,000,000
and $20,000,000 in the current private placement. The Company anticipates
conducting a third closing on additional funds within the next 30 days,
bringing the total into the target range.
Alan Hurwitz, CFO of Fortified Holdings, commented: "The speed with which
we were able to raise these funds and the strong relationships we have
established with the investors in the process is a testament to the value
we are creating for our stakeholders. The capital raised strengthens the
Company's financial position today, and more importantly, improves our
ability to execute on our growth acquisition strategy."
The two tranches of the private placement that have closed to date were
both managed for the Company by London-based Falcon Capital LLP. The
securities sold in the private placement consisted of common stock and
warrants to purchase common stock of the Company. The securities that were
sold were priced at $0.40 per unit (each consisting of one share and one
warrant), are not registered under the Securities Act of 1933, as amended,
and were sold only to offshore accredited investors. More complete details
of the private placement have been included in a Form 8-K filed on November
11th with the Securities and Exchange Commission. This press release does
not constitute an offer to sell or the solicitation of an offer to buy
securities in any jurisdiction.
Fortified Holdings Corp. (OTCBB: FFDH)
Fortified Holdings Corp. aims to become a diversified internationally
focused holding company with a portfolio of dynamic and rapidly expanding
industry leading subsidiaries servicing the needs of first responders, the
military, relief organizations, high-risk industries and similar sectors.
The current and proposed business units and the portfolio companies within
them will all share a common goal of designing, developing, manufacturing
and globally marketing products and solutions designed to enhance the
ability of personnel in this sector to collaborate, to provide improved
security services, and to respond to individuals and communities in need at
times of crisis.
Forward-Looking Statements
Except for statements of historical fact, this news release contains
certain "forward-looking statements" as defined by the Private Securities
Litigation Reform Act of 1995, including, without limitation, expectations,
beliefs, plans and objectives regarding future activities. Such
forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, performance or
achievements of Fortified Holdings to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop future assets, the
ability to fund operations and changes in consumer and business consumption
habits and other factors over which Fortified Holdings Corp., or any
affiliates, has little or no control.
ON BEHALF OF THE BOARD
Fortified Holdings Corp.
Brendan Reilly, CEO
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