TAMPA, Fla. , Aug. 31, 2005 (PRIMEZONE) -- FTS Group, Inc. (OTCBB:FLIP), a publicly traded acquisition and development company operating in the wireless industry through its wholly owned subsidiary FTS Wireless, Inc., today announced a new strategic relationship with Dallas, TX, based prepaid wireless carrier Metro PCS.
FTS Chief Executive Officer Scott Gallagher stated, "With more than 1.5 million wireless subscribers in four major markets around the U.S., Metro PCS has built an extremely successful business model that we believe will be very well received in the Tampa, Florida, market." Gallagher went on to state, "The ability for us to offer our customers unlimited wireless minutes in the Tampa market coupled with no contracts or termination fees should have a positive effect on our fourth quarter earnings outlook. We've secured approval at certain FTS Wireless locations to begin selling Metro PCS products and services as soon as October 1st, 2005."
About FTS Wireless, Inc.
FTS Wireless Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), 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 a chain of retail wireless locations in the Florida Gulf Coast region. The company markets and sells products worldwide through its e-commerce site http://www.CellChannel.com. For additional information about FTS Group, Inc. or its subsidiary, please visit our web site http://www.FTSWireless.com or review 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 reliance on these forward-looking statements, which speak only as of the date hereof.