TAMPA, Fla., July 13, 2004 (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 and VoIP products, and services and operate Wi-Fi HotSpot's, today announced that through a strategic agreement already in place, FTS will immediately begin offering its customers Unlimited Nationwide Pre-Paid Push-to-Talk Products and Services by Boost Mobile, LLC a division of NEXTEL Communications, Inc. (Nasdaq:NXTL).
"With a new, innovative business model, Boost Mobile has successfully packaged NEXTEL's industry leading Push-to-Talk technology with the increasingly popular Pay-as-You-Go model to create one of the most exciting new prepaid wireless offerings in the market today," FTS CEO Scott Gallagher commented.
IDC recently reported "The youth market shows the most potential for growth over the next five years." Boston-based research firm The Yankee Group reported, "prepaid wireless is growing faster than postpaid service and (including hybrid services) is expected to account for 26 percent of all wireless customers by 2007 and that 74 percent of those between the ages of 18 and 25 will own phones by 2006, the largest percentage of any other market segment owning cell phones by that time."
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 HotSpot's. FTS Wireless currently operates six retail wireless locations and 1 wireless kiosk in the Florida Gulf Coast region and one retail wireless location in the Philadelphia suburban market. Through its e-commerce site's www.SatPhoneCenter.com and www.CellularDeals.com, FTS Wireless markets to customers worldwide. 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.