SOURCE: FTS Group, Inc.

May 03, 2006 07:00 ET

FTS Group to Report Q1 Earnings

Company Expects to Report First Profit Ever

TAMPA, FL -- (MARKET WIRE) -- May 3, 2006 -- FTS Group, Inc. (OTC BB: FLIP) a publicly traded acquisition and development company operating in the wireless space through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc., today announced intentions to report its first quarter operating results after the close of the market on Monday, May 15th.

FTS reported revenue of $303,970 with losses of ($770,987) during the first quarter of 2005. The Company expects to report 2006 Q1 top-line revenue of around $1.62 million.

FTS Group CEO Scott Gallagher commented, "Our operating subsidiaries performed extremely well in the first quarter of 2006. During Q1 See World Satellite consistently ranked as one of the nation's leading RSPs (Regional Service Provider) for EchoStar's DISH Network satellite television systems." Gallagher continued, "FTS Wireless experienced exceptional growth during the quarter as well, growing its top-line revenue over 50% against the year ago period and turned a $770,000 loss into a profit."

About FTS Group, Inc.

FTS Group, Inc. (OTC BB: 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 www.FTSGroup.TV,, 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 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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