LEVITTOWN, Pa., Feb. 10, 2004 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) today announced a set of new strategic initiatives targeted at expanding its growing Wi-Fi operations. Flip the Switch Hot Spot's will transition its current business operations to a pay per use model. Under the new pricing model, Flip the Switch Hot Spots will offer a wide range of Wi-Fi service packages tailored for specific personal or business usage patterns.
FTS also today announced its intention to seek partnerships and revenue sharing agreements with national Wi-Fi network operators. The partnerships will be targeted at increasing exposure and overall seamless usage of its Flip the Switch Hot Spot network.
FTS Chairman and CEO Mr. Scott Gallagher commented, "With Wi-Fi usage growing at record numbers, we feel transitioning our current free access model to a pay per use model will help drive new revenue opportunities."
About FTS Wireless, Inc.
FTS Wireless Inc., a wholly owned subsidiary of FTS Group, Inc. is an operator of retail wireless locations that markets and sells next generation wireless products, services and operates Wi-Fi HotSpot's. FTS Wireless currently has operations in the Florida Gulf Coast region as well as New Jersey and Pennsylvania. Through its e-commerce site, www.SatPhoneCenter.com, FTS Wireless markets to customers worldwide. For additional information about FTS Apparel, 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, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, the success of enhancements to the Company's brand image, 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.