TAMPA, Fla., Feb. 4, 2005 (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 products and services and operates Wi-Fi HotSpots, today announced plans to Launch its new wireless portal www.CellChannel.com by February 15th.
FTS CEO Scott Gallagher commented, "Our wireless portal project CellChannel.com is scheduled to be launched on or about February 15th, 2005. The new site will feature the Voicetones Studio software tool -- created by www.myPhoneFiles.com -- that empowers users with the unique ability to customize and create an unlimited number of ringtones. For a monthly or yearly fee, users will be able to create and store ringtones in their own personal locker located within the site." Gallagher went on to say, "We're excited about the launch of the new portal and expect the venture to begin contributing to earnings almost immediately."
CellChannel.com is a joint venture between FTS Wireless, Inc. and myPhoneFiles.com
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 www.CellularDeals.com and www.SatPhoneCenter.com
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
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. 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.