SOURCE: FTS Group, Inc.

August 30, 2007 09:40 ET

Elysium Internet Launches 200 Web Sites and Completes Acquisition Integration

Company Completes First Phase of Domain Monetization Program

TAMPA, FL--(Marketwire - August 30, 2007) - FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company operating in the Internet, Wireless and Technology space, today announced that its wholly owned subsidiary Elysium Internet, Inc. has completed the first phase of its domain monetization program. Through its domain monetization channel partner Parked.com, Elysium has converted 200 domain names into revenue generating web sites. Elysium plans to monetize another 200 domains by September 15th and expects to have 500 sites operational by the end of September.

FTS and Elysium CEO Scott Gallagher commented, "We're pleased to announce that we have successfully integrated our health and therapy directories to our servers and are experiencing strong sign-up and renewal rates. We've also completed the first phase of our domain monetization program by launching 200 of our domains through our channel partner Parked.com. With the strongest quarter of the year for Internet advertising just around the corner, it's important for us to get as many domains monetized as soon as possible. The 200 sites will begin generating advertising revenue immediately. We should exit the third quarter with approximately 500 monetized and growing."

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 visit www.FTSGroup.com.

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 and performance to differ materially from those referred to or implied by such statements. In addition, actual 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 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:

    FTS Group, Inc.
    Scott Gallagher
    CEO
    727-417-7807
    Email Contact