SOURCE: FTS Group, Inc.

April 16, 2008 09:47 ET

FTS Group Reports Record Revenue and Cash Flow for Fiscal 2007

TAMPA, FL--(Marketwire - April 16, 2008) - FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company generating positive cash-flow on over $7 Million in annual sales for 2007, today announced its full results for the year ended December 31, 2007. Below are some of the key achievements completed during 2007 and year to date 2008. To review the full financial statement visit www.sec.gov:

--  2007 sales of $7,024,300 was a Company record.
--  2007 free cash flow of $380,394 was a Company record.
--  Year over Year Liabilities dropped $387,997
--  During first three plus months of 2008 paid down over $500,000 in
    convertible debt.
--  Completed Liquidity event with Elysium Internet for $2,000,000.
--  Closed largest acquisition in Companies history with the OTG deal.
    

FTS Chairman and Chief Executive Officer Scott Gallagher commented, "We've just reported another record year of operating results for our Company. The 2007 year end resulted in positive EBITDA, Positive Cash-Flow and Reduced Debt. In addition to the tremendous results achieved during the year, so far in 2008 we've reduced our convertible debt by more than $500K surpassing all of last year; we completed the $2 Million liquidity event with Elysium Internet (OTCBB: USBF) increasing shareholder value considerably. And most recently we acquired IT business assets expected to be almost immediately accretive to earnings and post big gains in top line sales during 2008." Gallagher continued, "I fully expect our share price to improve in both the short and long term as a result of the convertible debt reductions and recent deal related activities. We're also exploring the possibility to initiating a share buy back sometime during the second half of the year. Right now we'll continue to use cash generated from operations to pay down our debt and grow our business."

A replay of the recent shareholder conference call is available at www.FTSGroup.com.

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded acquisition and development Company focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures primarily those in the Technology, Wireless and Internet space. The Company generates revenue through its three wholly owned subsidiaries: See World Satellites, Inc., FTS Wireless, Inc. and OTG Technologies Group, Inc. 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, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. 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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