Contact Information: FTS Group, Inc. Contact: www.FTSGroup.com Scott Gallagher CEO 727-417-7807
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
| Source: FTS Group, Inc.
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.