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Technology Stocks : Timios National Corporation

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To: Glenn Petersen who wrote (8)7/4/2007 4:28:53 PM
From: Glenn Petersen  Read Replies (1) of 44
 
Fortress America Acquisition Corp., the blank check company headed up C. Thomas McMillen, raised $46.8 million when it went public on July 15, 2005. On February 19, 2007, it completed its acquisition of Total Tech Solutions and Vortech LLC, providers of comprehensive services for the planning, design, and development of mission critical facilities and information infrastructure. The company subsequently changed its name to Fortress Information Group (stock symbol: FAAC). On Tuesday, the common stock and warrants closed at $5.13 and $.64, respectively, giving the units, which last traded at $6.50, a value of $6.41.

On June 25, 2007, Fortress America Acquisition Corp. II, another blank check company headed up by C. Thomas McMillen filed an S-1. The company is hoping to raise $80 million for the purpose of acquiring an operating entity in the homeland security industry.

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