SOURCE: Elysium Internet, Inc.

March 20, 2008 07:00 ET

Internet Real Estate Developer, Elysium Internet Goes Public

Company Plans to Accelerate Launch of Directory Platform and Domain Acquisition Program

TAMPA, FL--(Marketwire - March 20, 2008) - Elysium Internet, Inc. (OTCBB: USBFE), an emerging direct navigation Internet media Company and formerly a wholly owned subsidiary of FTS Group (OTCBB: FLIP), a publicly traded acquisition and development Company expected to post profitable sales of $28 to $32 Million for fiscal 2008, today announced that it has become a stand alone public Company effective today.

Elysium Internet Chairman and CEO Scott Gallagher commented, "We believe the best days of the Internet and domain based industry are ahead of us. Many of the best ocean front or Park Avenue equivalent Internet real estate or domain names sit, undeveloped, owned by what are essentially domain day traders with no intention on developing these premium domains into web based businesses. We believe a limited opportunity exists to capture a larger piece of this Internet real estate and develop it into profitable business that will generate cash and growth for years to come. Over the last few years Elysium Internet has built what we believe to be the best portfolio in the world for certain specific niche Industries. As a stand alone public Company we'll continue acquiring the best Internet real estate in the world and build a profitable Company committed to delivering the absolute best user experience on the Internet with every site we launch."

Gallagher continued, "Speaking from an FTS perspective, we've created valuable assets which will help eliminate the short term oriented debt holders that are causing so much damage to our Company and its stock price. We started the week as a $7 Million company and we'll end the week as a $30 Million Company, yet our stock is cut in half. We issued no shares for the OTG deal and expect the Elysium deal to, at a minimum, double our stockholders' equity. If these funds continue to sell shares in a Company that will do $30 Million in sales while the market cap is around $1 Million I'd have to question how they became fund managers in the first place, I was one and it doesn't make sense. We are exploring all options to protect shareholder value and limit this type of selling."

Terms of the transaction include Elysium issuing FTS an interest bearing note for $1.5 Million and issuing FTS Group preferred shares convertible into 60% of Elysium Internet. Elysium will immediately apply to NASDAQ for a name change and symbol change and file an 8K within 4 business days.

If you have a domain name or domain portfolio for sale please forward the details and names to Scott Gallagher at

About Elysium Internet, Inc.

Elysium Internet, Inc. (OTCBB: USBFE) (Pending name change) is an emerging direct navigation online media Company. Its domain assets include:,,,,,,,,,, and many others. The Company is in the process of developing several proprietary direct navigation ad platforms. For additional information about Elysium Internet, Inc. please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at

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.

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