SOURCE: FTS Group, Inc.

January 07, 2008 06:00 ET

Elysium Internet Closes the Acquisition of Canada-Based Internet Media and Technology Company Dice Ventures, Inc.

Company Plans to Deploy Newly Acquired Technology Platform Over Its Portfolio of 2,000 to 2,500 Direct Navigation Internet Domains by February 1st

TAMPA, FL--(Marketwire - January 7, 2008) - Elysium Internet, Inc. a profitable online media Company and wholly owned subsidiary of FTS Group, Inc. (OTCBB: FLIP), today announced that it has completed its previously announced acquisition of Dice Ventures, Inc. Based in Ontario, Canada, Dice Ventures has developed a proprietary new technology platform that allows geo-based direct navigation Internet domains to be monetized using an efficient scaleable technology platform. The new platform should allow the Company to grow revenue quickly by serving up targeted ads under an agreement Dice Ventures already has in place with one of the world's leading Internet Media Companies.

Elysium Internet CEO Scott Gallagher commented, "We plan to deploy the new platform over our entire direct navigation domain portfolio of over 2,000 names by February 1st. This acquisition and the technology platform we've now acquired will help position our Company as an emerging leader in the direct navigation media space." Gallagher continued, "We'll continue to seek out additional large scale opportunities to acquire direct navigation domain names that further leverage our technology. We're currently in negotiations with several portfolio owners and hope to agree on a deal shortly. Our plans are to quickly build Elysium into a leading high growth player in the direct navigation media space."

Investors are invited to visit the FTS Group IR Hub at www.agoracom.com/ir/ftsgroup 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 FTS@agoracom.com 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 http://www.SEC.gov 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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