Contact Information: Contact: www.FTSGroup.com Scott Gallagher CEO Voice: (215) 688-2355 e-mail: Email Contact
FTS Group Reports Record 2006 Results, Sales Jump More Than 500% to $6,678,076 From $1,310,731
Company Reports First Full Year Profit in Its 10-Year History
| Source: FTS Group, Inc.
TAMPA, FL -- (MARKET WIRE) -- April 17, 2007 -- FTS Group, Inc. (OTCBB : FLIP ) an acquisition and
development Company operating in the wireless, technology and Internet
space, today announced record operating results for fiscal 2006. FTS
generated the first full year of profits in its history.
FTS Group Chairman and Chief Executive Officer Scott Gallagher, stated,
"Our Companies have delivered record operating results for 2006. We saw FTS
Wireless grow year over year top-line sales by nearly 30% and turn cash
flow positive by the end of the year. See World generated cash flow of more
than $100K a month during the year and we were able to pay down $1.9
Million in Debt." Gallagher continued, "Even though we have now turned
profitable we still have a long way to go in strengthening our balance
sheet and continuing to reduce our debt and eventually seeking an exchange
listing. I believe these two factors more than anything else are the reason
our stock price is trading at less than 1 times 2006 sales with a P/E of 2.
We continue to seek accretive acquisition targets as well as other
opportunities to grow our business and increase stock holder value."
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.