TAMPA, Fla., March 31, 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 operates Wi-Fi Hot Spots, today announced that it has secured a new retail wireless location in the Tampa, Florida market.
FTS CEO Scott Gallagher commented, "Were proud to announce plans to open a new retail wireless location targeting the high growth Hispanic market. We hope to have the new location online and fully operational during the month of April. The new location allows FTS to further execute expansion plans in one of the nation's top Hispanic markets with an estimated annual buying power capacity of more than $5 billion dollars." Gallagher went on to say, "During the first three months of 05 we generated record wireless activation levels and finished our best quarter since inception by targeting niche markets. Our research has identified the Hispanic market as one of great opportunity for our products and services."
In February FTS announced plans to develop and launch a new Spanish language wireless portal during 2005.
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.