Contact Information: FTS Group, Inc. Contact: www.FTSGroup.com Scott Gallagher CEO 727-417-7807
Elysium Internet Agrees to Acquire Additional Domain Assets and Direct Navigation Technology Platform
Company Domain Portfolio Grows to Nearly 2,000
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - December 4, 2007) - Elysium Internet, Inc., a profitable online media
Company and wholly owned subsidiary of FTS Group, Inc.
(http://www.ftsgroup.com/) (OTCBB : FLIP ), today announced that it has
entered into a letter of intent to acquire select direct navigation
Internet assets consisting of more than 300 direct navigation domain names
and a fully developed direct navigation technology platform from a
multi-national Company based in Canada.
FTS Group CEO Scott Gallagher commented, "Were very excited to have entered
into this letter of intent and look forward to closing the transaction
within the next 30 days. The deal, as it's currently laid out, should help
propel our Internet operations to a much higher level. Acquiring additional
targeted direct navigation domain names and a new proprietary technology
platform will allow us to better monetize all of the names in our
portfolio." Gallagher continued, "In addition the acquisition will bring us
exposure to Canadian and European Internet markets by virtue of the domain
assets, technology and personnel involved in the deal."
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.
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 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.