TAMPA, Fla., June 2, 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, today announced that it has partnered with Industry leader Wireless Xcessories Group, Inc. (AMEX:XWG) to expand its retail and Internet wireless distribution channels. FTS expects to begin realizing new revenue opportunities during the current quarter.
FTS CEO Scott Gallagher commented, "Wireless Xcessories Group will provide FTS with a comprehensive turn-key technology solution enabling us to increase our retail and Internet distribution capacity immediately. Their ability to produce proprietary products and services as well as overall execution ability are what impressed us the most. In addition, we feel the breadth of their product offerings will be an invaluable asset to our Company moving forward." Gallagher went on to say, "We plan to integrate XWG's offering into our wireless portal www.CellChannel.com within the next few days and will incorporate the offering into our new Hispanic wireless content portal currently under development."
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. The company markets and sells products worldwide through its e-commerce sites http://www.CellularDeals.com and http://www.CellChannel.com. For additional information about FTS Group, Inc. or its subsidiary, please visit our web site http://www.FTSWireless.com or review periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
About Wireless Xcessories Group, Inc.
Wireless Xcessories Group, Inc. (AMEX:XWG) designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers and plain and colored carrying cases. The Company sells to dealers and distributors through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates customized e- commerce websites, Industrial Cellular Strength.com, for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
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 reliance on these forward-looking statements, which speak only as of the date hereof.