Contact Information: FTS Group, Inc. Contact: www.FTSGroup.com Scott Gallagher CEO 727-417-7807
FTS Group Subsidiary OTG Technologies Completes Initial Phase of Potential Multi-Million Dollar Deal
| Source: FTS Group, Inc.
OLDSMAR, FL--(Marketwire - June 26, 2008) - FTS Group, Inc. (OTCBB : FLIP ), an acquisition
and development Company focused on acquiring, developing and investing-in
cash flow positive businesses and viable business ventures, today announced
that its wholly owned subsidiary OTG Technologies Group, Inc. has completed
the initial phase of a potential Multi-Year, Multi-Million deal.
FTS Chairman and CEO Scott Gallagher commented, "OTG has completed the
first phase of a technology project potentially worth Millions to the
Company over the coming years. The initial transaction was valued at
approximately $150,000. The client is a leader in the entertainment and
media industry with assets in 38 countries and has been working with OTG on
the project for some time now." Gallagher continued, "We're working hard to
complete the integration of the assets we acquired earlier this year. Upon
completion of the integration process we'll be announcing our financial
projections for the remainder of 2008 and our expectations for the full
year of 2009."
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. 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 and at www.FTSGroup.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.