LEVITTOWN, Pa., April 15, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP) an operator of 6 retail wireless locations that market and sell next generation wireless products and services and operate Wi-Fi HotSpot's, today announced its fourth consecutive quarter of revenue increases of more than 100% in its form 10K filed with the SEC.
FTS Group Chairman and CEO Mr. Scott Gallagher commented, "We're in an exciting growing business and our results are beginning to reflect the success of our efforts. FTS exited 2003 with a wireless business posting sequential revenue growth in excess of 100% for more than a year running."
About FTS Wireless, Inc.
FTS Wireless Inc. a subsidiary of FTS Group, Inc. (OTCBB:FLIP), is an emerging regional operator of retail wireless locations that market and sell next generation wireless products and services and operate Wi-Fi HotSpot's. FTS Wireless currently operates 6 retail wireless locations strategically located along the eastern seaboard market and worldwide through its e-commerce site's, www.SatPhoneCenter.com and www.CellularDeals.com. 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, 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.