Contact Information: Contact: FTS Group, Inc. www.FTSGroup.com Scott Gallagher CEO 727-417-7807
Elysium Internet Signs Letter of Intent to Acquire Premium Geo-Based Domain Portfolio for $1.3 Million
Target Portfolio of Over 900 Geo-Based Names Are 95% .coms
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - January 10, 2008) - Elysium Internet, Inc. a profitable online media
Company and wholly owned subsidiary of FTS Group, Inc. (OTCBB : FLIP ), today
announced that it has signed a Letter of Intent to acquire a domain
portfolio of over 900 geo-based premium mostly .com names. The deal is
valued at $1.3 Million US.
Elysium Internet CEO Scott Gallagher commented, "Our shareholders are
seeing the results of our months of work during the end of 2007 with
several announcements this week. We've already closed an acquisition
expanding our domain portfolio while adding to new technology platform to
monetize our portfolio. Today's announcement takes our Internet operations
even further by agreeing on the terms to acquire a leading geo-based domain
portfolio that fits our model perfectly." Gallagher went on to say, "We
estimate that once fully deployed, the target portfolio should generate
$100,000 to $150,000 a month of high margin revenue for Elysium. We also
have developed a plan to fund the deal without any further dilution of FTS
Group shares. We have 30 days to get the deal done."
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.
www.FTSGroup.com (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.