TAMPA, FL--(Marketwire - November 20, 2007) - FTS Group, Inc. (
OTCBB:
FLIP), an acquisition and
development Company operating in the Internet, Wireless and Technology
space, today announced that it posted record revenues of $5,393,322 for the
first nine months of 2007. The Company also reported an 11% year-over-year
increase in Q3 revenue to $1,826,229 vs. $1,645,247 for the same period of
2006. The revenue levels for Q3 and the nine-month period are both Company
records. Below are some of the key results achieved during the third
quarter and nine-month period of 2007:
-- Year over year top-line sales increased by 11% to $1,826,229 for the
third quarter of '07
-- Nine-month sales were a record $5,393,322, up 9.8% year-over-year
-- Stockholders Equity increased 13.4% versus the same period in 2006 to
$1,900,267
-- Operating cash flow increased 44% to 246,414 compared to the same
period of 2006
-- FTS Wireless Q3 sales increased 50.7% to a record $620,092
-- Nine month non derivative EBITDA increases 68.1% to $156,951 from
$93,362 in '06
FTS Group Chairman and CEO Scott Gallagher commented, "We're pleased to
report continued strong operating results to the stockholders of our
Company. FTS posted the best quarterly and nine-month sales numbers in the
10-year history of the Company. We saw consolidated quarterly sales jump
11% year-over-year and sequential sales increase by 3.4%. Our operating
cash flow continued to grow increasing by 44% year-over-year and our
Internet subsidiary generated a profit for the quarter." Gallagher
continued, "Our Company continues to grow and build a strong business
foundation while continuing to seek out and identify new opportunities.
Since the third quarter ended, we've acquired a new patent pending cell
phone translation technology, retained AGORACOM, North America's leading IR
firm as our online investor relations Company and we're nearing the launch
of our new and improved Therapeutic Directory. I'd have to say I'm
personally very excited at the opportunities in front of our Company right
now and look forward to exploiting them to the fullest extent. In addition,
I'd like to thank the employees of FTS Group and all of our subsidiary
Companies for their hard work and dedication and congratulate them for
their record performance in Q3 and all of 2007."
Investors are invited to visit the new 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 go to
www.FTSGroup.com and 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.
Contact Information: Contact:
Scott Gallagher
CEO
FTS Group, Inc.
727-417-7807
www.FTSGroup.com