Contact Information: FTS Group, Inc. Contact: www.FTSGroup.com www.ElysiumInternet.com Scott Gallagher CEO 727-417-7807
FTS Group Reports 2007 Preliminary Q2 Revenue of $1,765,673 vs. $1,633,392; Revenue for 2007 Six-Month Period $3,567,093 vs. $3,267,006 for 2006
Company Conference Call Replay Now Available at FTSGroup.com
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - July 20, 2007) - FTS Group, Inc. (OTCBB : FLIP ), an acquisition and
development Company operating in the Wireless, Technology and Internet
space, today announced preliminary 2007 Q2 top-line sales of $1.765 Million
vs. $1.633 Million during the same period of 2006. For the six-months ended
June 30, 2007 FTS reported preliminary sales of $3.567 Million vs. $3.267
Million for 2006. The Company plans to file its full financial statements
on SEC form 10Q for the second quarter by August 15th.
FTS Group CEO Scott Gallagher commented, "Our businesses continue to grow
and run very efficiently. FTS Wireless posted year over year sales growth
of more than 40% during the quarter and the six-month period. See World has
just secured two additional markets with one online already and the second
market scheduled to come online August 1st." Gallagher went on to say,
"With our Internet business now ramping up at full speed we look forward to
an exciting third quarter and fully expect further gains in both top and
bottom line numbers."
About FTS Group, Inc.
FTS Group, Inc. (OTCBB : FLIP ) is a publicly traded acquisition and
development Company. The Company generated profitable sales of $6.6 million
during 2006, an increase of 409% from the previous year. FTS is focused on
acquiring, developing and investing in cash flow positive businesses and
viable business ventures primarily those in the wireless and Internet
space. The Company generates revenue through its three wholly owned
subsidiaries; See World Satellites, Inc., FTS Wireless, Inc. and Elysium
Internet, Inc. For additional information about FTS Group, Inc. or any of
its wholly owned subsidiaries please review the Company's quarterly, annual
and other filings with the Securities and Exchange Commission at
http://www.SEC.gov or contact the Company at the e-mail or phone number
below.
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 and 10-K/A 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.