SOURCE: FTS Group, Inc.

December 04, 2007 06:00 ET

Elysium Internet Agrees to Acquire Additional Domain Assets and Direct Navigation Technology Platform

Company Domain Portfolio Grows to Nearly 2,000

TAMPA, FL--(Marketwire - December 4, 2007) - Elysium Internet, Inc., a profitable online media Company and wholly owned subsidiary of FTS Group, Inc. ( (OTCBB: FLIP), today announced that it has entered into a letter of intent to acquire select direct navigation Internet assets consisting of more than 300 direct navigation domain names and a fully developed direct navigation technology platform from a multi-national Company based in Canada.

FTS Group CEO Scott Gallagher commented, "Were very excited to have entered into this letter of intent and look forward to closing the transaction within the next 30 days. The deal, as it's currently laid out, should help propel our Internet operations to a much higher level. Acquiring additional targeted direct navigation domain names and a new proprietary technology platform will allow us to better monetize all of the names in our portfolio." Gallagher continued, "In addition the acquisition will bring us exposure to Canadian and European Internet markets by virtue of the domain assets, technology and personnel involved in the deal."

Investors are invited to visit the FTS Group IR Hub at where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded acquisition and development Company. The Company generated profitable sales of $6.6 million during 2006, an increase of 409% from the previous year. FTS is focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures, primarily those in the wireless and Internet space. The Company generates revenue through its three wholly owned subsidiaries; See World Satellites, Inc., FTS Wireless, Inc. and Elysium Internet, Inc. For additional information about FTS Group, Inc. or any of its wholly owned subsidiaries please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at or contact the Company at the e-mail or phone number below.

Forward-Looking Statements

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.

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