YARDLEY, Pa., Sept. 11, 2003 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) a full service retail wireless company and wholly owned subsidiary of FTS Apparel, Inc. announced today that it's first Wi-Fi Hot Spot serving the suburban Philadelphia market has gone live, extending its Hot Spot presence from Tampa, Florida to the suburban Philadelphia market.
Scott Gallagher, Chairman and CEO of FTS, commented "We now have 2 of our 3 wireless locations successfully converted into Wi-Fi Hot Spots. We are operating on schedule and since announcing our decision to convert our stores into Hot Spots in July, we have increased our name recognition and media coverage in our target markets. We can now offer traveling business customers, known as 'Road Warriors,' a reason to visit one of our locations to access their e-mail or send a document in a wireless environment."
In a recent study conducted by Intel (Nasdaq:INTC) seventy-one percent of Road Warriors said that Wi-Fi would eventually be an integral part of their business travel experience and eighty-one percent of U.S. Road Warriors said they travel with their notebook computers.
About FTS Wireless, Inc.
Tampa based FTS Wireless, Inc. (FTSW) is a wholly-owned subsidiary of FTS Apparel, Inc. FTS Wireless, Inc. is a diversified wireless company that markets traditional and pre-paid wireless, cellular, Wi-Fi and other related products and services through agreements with its strategic partners to customers in the Florida Gulf Coast region as well as New Jersey, Pennsylvania and other selected markets. Through its e-commerce site, FTS Wireless markets to customers worldwide.
For additional information about FTS Apparel, Inc. or its subsidiary, please visit our website at www.FTSWireless.com or review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
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, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, the success of enhancements to the Company's brand image, 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 undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.