SOURCE: FTS Group, Inc.

June 26, 2008 09:28 ET

FTS Group Subsidiary OTG Technologies Completes Initial Phase of Potential Multi-Million Dollar Deal

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.

Contact Information