TAMPA, Fla., March 28, 2005 (PRIMEZONE) -- FTS Wireless, Inc., a subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next-generation wireless products and services and operate Wi-Fi Hot Spots, today announced that for the month of March the company will surpass its monthly wireless activation record set in February by approximately 20%. The company expects Q1 wireless activation levels to increase more than 30% from the fourth quarter.
FTS CEO Scott Gallagher commented, "We continue to effectively execute our growth plans by setting our second consecutive monthly activation record for the month of March. More importantly we've established a growth trend that we expect will continue heading into the second quarter." Gallagher went on to say, "As a result of our targeted marketing and sales efforts over the past 3-months we now expect FTS to post an increase in wireless handset activation's of more than 30% for the first quarter of 05 compared to Q4 of 2004. For Q2 of 2005 we believe FTS will generate sequential wireless activation growth rates in the 20 to 30% range."
About FTS Wireless, Inc.
FTS Wireless Inc., a wholly owned 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 operates Wi-Fi HotSpots. FTS Wireless currently operates a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. The company markets and sells products worldwide through its e-commerce sites http://www.CellularDeals.com and www.CellChannel.com. For additional information about FTS Group, Inc. or its subsidiary, please visit our web site at http://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, 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.