LEVITTOWN, Pa., June 1, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next generation wireless and VoIP products, and services and operate Wi-Fi HotSpot's, today announced its plans to increase the number of Globalstar satellite rentals lines by 10 during 2004.
FTS Wireless CEO Scott Gallagher commented, "As demand and applications for satellite phones continue to steadily increase, we feel the time is right to capitalize on the opportunity to increase our rental program. Our sat phone rental program allows customers to carry a hand held device for vacation or business use capable of making voice calls, providing Internet access and sending or receiving faxes from virtually anywhere in over 120 countries around the world."
About FTS Wireless, Inc.
FTS Wireless Inc., 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 five retail wireless locations in the Florida Gulf Coast region and one location in the Philadelphia suburban market and through its e-commerce site's, www.SatPhoneCenter.com and www.CellularDeals.com, FTS Wireless markets to customers worldwide. For additional information about FTS Group, 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.
About Globalstar
Globalstar offers satellite telecommunications services, for both voice and data, from virtually anywhere in over 120 countries around the world. Globalstar's main operating company is Globalstar LLC, a non-public limited liability company majority owned by affiliates of Thermo Capital Partners LLC. For more information, visit Globalstar's web site at www.globalstar.com, or Thermo Capital's website at www.thermocapitalpartners.com.
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.