Contact Information: Contact: FTS Group, Inc. Scott Gallagher CEO 727-417-7807
FTS Group Chairman and Chief Executive Officer Announces Increased Stake in Company
CEO Agrees to One Year Lock-Up Agreement on All Shares Held at December 31, 2007
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - September 25, 2007) - FTS Group, Inc. (OTCBB : FLIP ), an acquisition and
development Company operating in the Internet, Wireless and Technology
space, today announced that its Chairman and Chief Executive Officer, Scott
Gallagher, has expanded his personal investment in the Company by acquiring
additional shares. Mr. Gallagher also announced his intentions to further
increase his holdings of FTS common stock through the end of this year.
FTS Group, Inc. Chairman and CEO Scott Gallagher commented, "With our
Company generating record operating results and what I believe to be an
exciting future for FTS, I've acquired an additional 8,050,000 shares of
common stock over the past four months through open market purchases and
debt conversions. I've also agreed to a one year lock-up agreement on all
shares currently held or acquired during the rest of 2007." Gallagher
continued, "I have great confidence in our business model and look forward
to continuing to execute our strategy for the benefit of both our
stockholders and employees."
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.