SOURCE: FTS Group, Inc.

March 12, 2007 09:59 ET

FTS Group Closes Acquisition of Direct Navigation Ring Tone Network

Company to Begin Generating Internet Revenue Immediately

TAMPA, FL -- (MARKET WIRE) -- March 12, 2007 -- FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company operating in the wireless, technology and Internet space, today announced that it has closed the all-cash acquisition of a ring tone network of 161 operating web sites and direct navigation domain names. The closing of the acquisition was delayed due to technical issues with the escrow agent.

FTS Group CEO Scott Gallagher commented, "We're pleased to have closed this important strategic acquisition. Broadening the revenue base of FTS Wireless into the mobile content arena is a natural fit for our Company and something we've been trying to achieve for some time." Gallagher continued, "We plan to leverage this acquisition by rolling out proprietary mobile products in the future. We're currently developing our first proprietary custom ring tone/mobile content subscription-based product with our strategic partner Maxim Software. We hope to complete development of the new product for deployment by the end of Q2."

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc. The Company operates through retail locations in Florida and Pennsylvania and globally over the Internet through its web sites www.FTSGroup.com, www.CellChannel.com, www.SeeWorld.biz and www.FTSWireless.com. 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, 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 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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