SOURCE: FTS Group, Inc.

March 16, 2006 09:00 ET

FTS Group Issues Q1 Update

FTS Expects to Report a Net Profit for Q1, Company Expects Q1 Revenue in the Range of $1.5 to $1.8 Million

TAMPA, FL -- (MARKET WIRE) -- March 16, 2006 -- FTS Group, Inc. (OTC BB: FLIP), a publicly traded acquisition and development Company operating in the wireless space through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc., today issued the following first quarter update to its investors.

FTS Group, Inc. expects to report positive net income for the first quarter ending March 31, 2006 with revenue in the range of $1.5 to $1.8 Million.

FTS Group CEO, Scott Gallagher, commented, "We're pleased to inform our shareholders that FTS is on track to achieve our previously stated goal of generating positive operating results for the stockholders of our Company. We expect FTS to generate top-line sales in the range $1.5 to $1.8 million for the first quarter of 2006 versus Q1 2005 sales of $303,970. We also expect FTS to post the first operating profit in the history of the Company for Q1 2006 versus a net loss of ($770,987) during Q1 of 2005. Going forward we expect increases in both top-line sales and net earnings during Q2 as both acquisitions closed in January will be included for the full quarter." Gallagher went on to say, "Generating profits is the first step in achieving our goal of gaining an exchange listing with either the NASDAQ Small Cap or American Stock Exchanges in a timely manner."

See World Satellites CEO and FTS COO David Rasmussen stated, "Since joining the board of See World Satellites in February I have had the chance to see the full operations of the company. I am extremely pleased with how the company currently runs and our overall performance in the Western PA market. The performance of the staff of See World is confirmed by once again being rated as one of the top RSPs (Regional Service Providers) for Dish Network. We will strive to continue to meet or beat Dish's expectations for overall performance."

About FTS Group, Inc.

FTS Group, Inc. (OTC BB: 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 CellChannel.com, SeeWorld.biz and FTSWireless.com. For additional information about FTS Group, Inc. or any of its wholly owned subsidiaries please review the Companies 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.

Additional Information for Investors

This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2004 and in other filings with the Securities and Exchange Commission and http://www.SEC.gov.

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