Contact Information: FTS Group, Inc. Contact: www.FTSGroup.com Scott Gallagher CEO 727-417-7807 Packer Engineering, Inc. Toll Free: 800-323-0114 www.PackerEng.com
FTS Group Retains International Consulting Firm to Complete Patent-Pending Cell Phone Translation Technology Utility Patent Application
| Source: FTS Group, Inc.
OLDSMAR, FL--(Marketwire - May 6, 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 that it has retained the
International consulting firm of Packer Engineering, Inc. to complete the
engineering work and specifications needed for its
patent-pending cell phone translation technology utility patent
application.
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented,
"While it has taken us longer than we initially anticipated to get this
project off the ground, we're very pleased that Packer Engineering, a firm
with over 45 years of successful industry experience has decided to take on
our project. Engaging the Packer team puts us back on track to complete and
submit the utility patent application of our patent-pending cell phone
translation technology to the United State Patent and Trademark office by
mid summer." Gallagher continued, "Obviously the global market potential
for a working cell phone translation technology is massive. We believe this
is potentially a once in a lifetime opportunity for our Company and its
stockholders if we can get the patent approved. Upon completion of the
utility patent application filing this summer we'll begin the process of
developing a working prototype. At this point we hope to have the prototype
or some variation of a prototype working by the end of the year."
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.
About Packer Engineering, Inc.
Packer Engineering, Inc., a multi-disciplinary engineering consulting and
technical services company, offers engineering investigation and analysis,
customized and routine testing, accident investigation and reconstruction,
and pretrial and courtroom testimony.
Problems come and go. Technologies change. What stays the same is the
approach problem solvers take to find an answer. The methodical mind of the
engineer has been the hallmark of Packer Engineering's expert staff for
over forty-five years. Our scientist, technicians, and research experts
solve problems and answer questions for clients in every major discipline.
Packer understands when your question needs a solution, the answer is
everything. We understand a wrong answer could cost you millions or put
lives in danger.
Our clients count on us to provide solutions to even their most difficult
problems. To do this, we maintain a staff of engineers, scientists,
technicians, and support personnel you can call 24 hours a day, 7 days a
week to solve your problems anywhere in the world. www.PackerEng.com
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.