Contact Information: Contact: FTS Group, Inc. www.FTSGroup.com Scott Gallagher CEO 727-417-7807
FTS Launches New Online Wireless Business www.CellChannel.com
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - January 23, 2008) - FTS Group, Inc. (OTCBB : FLIP ), a publicly traded
acquisition and development Company operating in the Wireless, Internet and
Technology industries today announced the launch of a new online wireless
business www.CellChannel.com.
FTS Group Chairman and CEO Scott Gallagher commented, "With the launch of
www.CellChannel.com we have created yet another tool to provide ongoing
value to the thousands of customers that have been served by FTS Wireless
locations since 2003. In addition, the site opens a new high margin online
business that we feel over the long term will provide substantial increases
in profit margins. We continue to add new products to the site daily and
expect Internet operations to play a much bigger role in the future success
of FTS Wireless." Gallagher went on to state, "We are proceeding forward
with our plans to initiate a spin-off/liquidity event that results in FTS
Wireless becoming a stand alone publicly traded Company. Based on recent
discussions with our attorney we expect to be in position to begin the
process in the coming weeks."
About FTS Group, Inc.
www.FTSGroup.com (OTCBB : FLIP ) is a publicly traded acquisition and
development Company. The Company generated profitable sales of $6.6 million
during 2006, an increase of 409% from the previous year. FTS is focused on
acquiring, developing and investing in cash flow positive businesses and
viable business ventures, primarily those in the wireless and Internet
space. The Company generates revenue through its three wholly owned
subsidiaries; See World Satellites, Inc., FTS Wireless, Inc. and Elysium
Internet, 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.