SOURCE: FTS Group, Inc.

March 13, 2007 06:00 ET

FTS Group Reports Preliminary 2006 Year Over Year Sales Increase of Almost 500% to $6,534,609

Company Posted 2005 Sales of $1,310,731

TAMPA, FL -- (MARKET WIRE) -- March 13, 2007 --FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company operating in the wireless, technology and Internet space, today announced preliminary top-line sales results for 2006 of $6,534,609. The preliminary top line results reflect a jump of nearly 500% compared to 2005 top line sales of $1,310,731. The Company hopes to file its 2006 annual report on SEC form 10K by March 31, 2007.

FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "2006 was both an exciting and trying year for our Company. We turned in the first operating profit in the ten-year history of the Company, before non-cash fair value charges relating to funding instruments. Through acquisition driven growth our top-line increased by nearly 500%. We successfully integrated the acquisitions of See World Satellites, Inc. and Beyond Wireless into our business and increased value significantly. Yet we have not experienced much appreciation in the shares of our Company other than some dramatic short-term fluctuations. It is my firm belief that the current price of our stock, which on a market capitalization basis is currently priced well below one time profitable sales, is not reflective of the true long-term value of our Company when compared to similar publicly traded Companies. As we continue to reduce debt and improve our capital structure I believe our share price will trade more in line with the operating performance of the underlying Company." Gallagher went on to say, "Having said that, 2007 is looking like a very exciting year for us to build on the success of '06. We recently entered the mobile content space by acquiring a direct navigation ring tone network. We plan to leverage this asset through our retail channel by driving additional sales without incurring additional costs. We'll continue to look for strategic accretive acquisitions and hope to close additional asset generating transactions shortly."

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,, and 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 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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