SOURCE: FTS Group, Inc.

November 16, 2006 09:22 ET

FTS Group Makes Debt Payment, Extinguishes Short Term Note a Month Ahead of Schedule

Company Improves Internet Brand Recognition by Acquiring FTSGroup.com

TAMPA, FL -- (MARKET WIRE) -- November 16, 2006 -- FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company, today announced that it made another $88,036 Debt payment during the first two weeks of November on a short term note. The final payment eliminates this short term note a month and a half ahead of the note term.

FTS CEO Scott Gallagher commented, "We were able to use our operating cash flow to make another debt payment a month and a half ahead of schedule. FTS plans on making additional debt payments in the next 60 days." Gallagher went on to say, "We're finalizing our form 10Q and expect to file shortly. We've also recently improved our Internet brand recognition by acquiring the domain www.FTSGroup.com for our Corporate web site. As we grow our Company it's important that our corporate image reflects the goals of our Company and .com domains are by far the most recognized."

About FTS Group

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiaries FTS Wireless, Inc and See World Satellites, Inc. The Company operates through locations in Florida and Pennsylvania, and globally over the Internet through its web sites: CellChannel.com, SeeWorld.biz and FTSWireless.com. For additional information about FTS Wireless, Inc., See World Satellites, Inc. or FTS Group, Inc., 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, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K 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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