SOURCE: FTS Group, Inc.

January 23, 2008 09:00 ET

FTS Launches New Online Wireless Business www.CellChannel.com

TAMPA, FL--(Marketwire - January 23, 2008) - FTS Group, Inc. (OTCBB: FLIP), a publicly traded acquisition and development Company operating in the Wireless, Internet and Technology industries today announced the launch of a new online wireless business www.CellChannel.com.

FTS Group Chairman and CEO Scott Gallagher commented, "With the launch of www.CellChannel.com we have created yet another tool to provide ongoing value to the thousands of customers that have been served by FTS Wireless locations since 2003. In addition, the site opens a new high margin online business that we feel over the long term will provide substantial increases in profit margins. We continue to add new products to the site daily and expect Internet operations to play a much bigger role in the future success of FTS Wireless." Gallagher went on to state, "We are proceeding forward with our plans to initiate a spin-off/liquidity event that results in FTS Wireless becoming a stand alone publicly traded Company. Based on recent discussions with our attorney we expect to be in position to begin the process in the coming weeks."

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.

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