SOURCE: FTS Group, Inc.

April 17, 2007 09:52 ET

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

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,, 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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