LOS ANGELES, April 1st, 2004 (PRIMEZONE) -- DailyTrends.com, a Wall St. Pulse company, announces today that FTS Wireless (OTCBB:FLIP) is our "Stock of the Week". The report on FTS Wireless Inc., a wholly owned subsidiary of FTS Group, Inc., is an operator of 6 retail wireless locations that market and sell next generation wireless products and services and operates Wi-Fi Hotspots. The report can be found on our website at http://www.DailyTrends.com.
Chris Lahiji, President of DailyTrends.com stated: "I believe that the best is yet to come for this company, and expansion should benefit shareholders quite nicely. In my opinion, market penetration for cell phones is far from being mature, and that sales will only continue to get stronger from here. The transforming from having a landline as a person's primary phone to just a cell phone will be seen in the next few years and should be a benefit to FTS moving forward".
Lahiji concluded: "With value added services such as 'Pre-Paid', the proliferation of Wi-Fi, and more profitable stores being added under the FTS umbrella, the stock is worth much more than its current four million market cap. With increased awareness, FLIP deserves to be valued substantially higher than .20 cents".
Chris Lahiji is the President of DailyTrends.com as well as the Co-Manager of the Frontier Equity Fund (FEFPX). He gained fame by reading 12,000 annual reports and writing a 467 page titled "The Best Companies No One Has Ever Heard Of: 2003", as well as being the youngest mutual fund manager in history. He has been featured in magazines and newspapers such as BusinessWeek, Barron's, Institutional Investor, Kiplinger's, IBD, Los Angeles Times and has appeared on CNN "In the Money", CNNfn, PBS "Wall Street Week with Fortune", Forbes.com, and CBS Marketwatch in the past year.
DailyTrends.com, a Wall St. Pulse company, is an Internet based financial web site that provides self-directed investors information on selected public companies that in the opinion of DailyTrends.com have great investment potential. For more information, visit: http://www.DailyTrends.com/.
For FTS Wireless Investor Relations questions contact: Scott Gallagher, 215-943-9979, sg@ftswireless.com. Also, see their web site at http://www.FTSWireless.com.
Cautionary Statement
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.