YARDLEY, Pa., Dec. 09, 2003 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) a next generation wireless acquisition and development company and wholly owned subsidiary of FTS Apparel, Inc., announced today that the company intends to launch a new business venture in the first half of 2004. FTS plans to launch the new business venture as a division of FTS Wireless, the new division will be called FTS Mobile Media.
FTS Wireless CEO Mr. Scott Gallagher commented, "The mobile media space is the next logical step in the evolution of our company and a great opportunity for FTS to expand our revenue base and leverage our current resources. Coming off our best operating month since entering the wireless space, it is becoming abundantly clear that cell phones and enhanced wireless devices are creating exciting new media delivery channels for companies like FTS. Some 140 million Americans or more carry a cell phone. FTS Mobile Media will be uniquely positioned to deliver value added mobile media campaigns to both large and small companies seeking to promote or sell products and services by leveraging the existing customer base of FTS Wireless."
FTS Wireless, Inc.
Tampa based FTS Wireless, Inc. is a wholly-owned subsidiary of FTS Apparel, Inc. FTS Wireless, Inc. is a next generation wireless acquisition and development company that operates 5 wireless locations offering its customers a suite of cellular, satellite and 802.11 (Wi-Fi) wireless devices and services to retail and business customers in and around several major U.S. markets and Globally over the Internet. FTS markets wireless products and services through agreements with its strategic partners.
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.