Contact Information: Contact: Scott Gallagher 727-417-7807
Elysium Internet Completes Acquisition of Auditors.com
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - February 28, 2008) - Elysium Internet, Inc., an emerging Internet
Media/Direct Navigation advertising company and wholly owned subsidiary of
FTS Group, Inc. (OTCBB : FLIP ), today announced that it has completed the
acquisition of the generic domain name Auditors.com.
Elysium Internet Founder and CEO Scott Gallagher commented, "We're pleased
to have completed the acquisition of the category specific generic domain
name Auditors.com, our largest domain purchase to date. Local Internet
advertising is in the middle of a multi year upward trend. We believe
Auditors.com, when fully developed using our directory advertising platform
will become the leading brand in the related accounting and financial
services space delivering significant value to both advertisers and users
of the site. Based on our current model we expect both Auditors.com and
Therapists.net to be profitable ventures almost immediately." Gallagher
continued, "We're also pleased to have received non stock related financial
backing for the acquisition from Domain Capital, Inc.
(www.DomainCapital.com). DC is one of the Industry leaders in funding
premium domain acquisitions and we look forward to working with them on
future deals."
Elysium has announced plans to be acquired by publicly traded US
Biodefense, Inc. (OTCBB : USBF ), dba Internet Holdings, in a deal expected
to give FTS Group, Inc. majority control of the Company.
About Elysium Internet, Inc.
Elysium Internet, Inc. is an emerging direct navigation online media
Company. Its domain assets include; TheDirectory.com, Therapists.net,
SecuritiesAttorney.net, SECLawyer.com, NevadaLawyer.com, LocalAttorney.net,
LocalOBGYNs.com, Passenger.net, eBoxing.com, TheFund.net and many others.
The Company is in the process of developing several proprietary direct
navigation ad platforms. Elysium is a wholly owned subsidiary of FTS Group,
Inc. (OTCBB : FLIP ), a publicly traded acquisition and development Company.
The holding 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.
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.