Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K/A
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
report (Date of earliest event reported): May
14, 2007
Fortress
International Group, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or
Other Jurisdiction of
Incorporation)
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000-51426
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20-2027651
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(Commission
File Number)
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(IRS
Employer Identification No.)
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9841
Broken Land Parkway, Columbia, Maryland
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21046
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(410)
312-9988
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.02 Results of Operations and Financial Condition.
On
May
14, 2007, Fortress International Group, Inc. (the “Company”) issued a press
release reporting its results for the three months ended March 31, 2007, a
copy
of which was furnished with a report on Form 8-K on May 14, 2007 (the “Form
8-K”). The Company is hereby amending the Form 8-K to report the incorrect
recording of interest income earned on the common stock subject to redemption
that was not redeemed in connection with the merger. The Company determined
that
the proper accounting is to treat such interest income as additional capital
and
not as interest income. Accordingly, the Company’s pre-tax loss for the period
increased from $1.3 million as previously reported to $1.56 million. The revised
consolidated statement of operations, along with other related disclosures
in
the accompanying notes, is contained in the Company’s Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on May 21,
2007.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Fortress
International Group, Inc.
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(Registrant)
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Date:
May 23, 2007
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By:
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/s/
Thomas P. Rosato
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Thomas
P. Rosato
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Chief
Executive Officer
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