SOURCE: FTS Group, Inc.

October 31, 2006 11:14 ET

FTS Group Reduces Acquisition Related Debt by $279,345 in October

TAMPA, FL -- (MARKET WIRE) -- October 31, 2006 -- FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company, today announced that it has completed $279,345 acquisition related debt payments during the month of October.

FTS CEO Scott Gallagher commented, "We continue to reduce our acquisition related debt utilizing cash flow whenever possible. With October's $279,345 cash payments FTS has now reduced its debt obligations by more than $2.85 Million during the first 10 months of the year." Gallagher went on to state, "Our balance sheet continues to improve, our sales and earnings continue to grow and our future looks very bright."

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.

Contact Information