LEVITTOWN, Pa., Feb. 26, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), today announced the signing of a partnership agreement with Internet-based wholesale membership club Onlinesupplier.com (Online), whereby FTS will become an Online preferred distributor of wireless communications hardware, cell phones, pre-paid calling cards and satellite phones.
FTS Wireless CEO Scott Gallagher stated: "Onlinesupplier.com recently surpassed 25,000 members serviced and currently has over 13,000 paid monthly members and over 7,000 merchants with e-commerce storefronts. The opportunity for FTS to become a preferred distributor of wireless products and services to Online's members should have an immediate and positive impact on our top-line revenue growth."
He added, "With the hyper growth of Ebay over the past several years, and the emergence of next-generation wireless devices and services -- such as Wi-Fi, SMS and VoIP -- Internet commerce has taken on a whole new dimension. Online has successfully tapped into that reservoir of e-commerce, a fact that should greatly benefit FTS' growing Internet division."
About FTS Wireless, Inc.
FTS Wireless Inc. is an emerging regional operator of retail wireless locations that market and sell next-generation wireless products and services and operate Wi-Fi HotSpots. FTS Wireless currently operates four retail wireless locations in the Florida Gulf Coast region and one location in the Philadelphia suburban market and through its e-commerce sites www.SatPhoneCenter.com and www.CellularDeals.com
FTS Wireless markets to customers worldwide. For additional information about FTS Apparel, Inc. or its subsidiary, please visit the company's website at www.FTSWireless.com or review its 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, 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.