TAMPA, Fla., April 26, 2006 (PRIMEZONE) -- FTS Group, Inc. (OTCBB:FLIP) a publicly traded acquisition and development company operating in the wireless space through its wholly-owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc., today announced preliminary sales results for the quarter ending March 31, 2006. The Company also now projects top-line sales to grow by more than 610 percent during fiscal 2006.
FTS Group CEO Scott Gallagher commented, "FTS generated more revenue during the first quarter of 2006 than we did the entire year of 2005. Based on our preliminary first quarter operating results we expect to report profitable revenue of $1.62 Million, a year over year jump of 531%. In addition, we expect full 2006 sales in the range of $7 to $10 million for an increase of over 600% versus 2005." Gallagher went on to state, "In addition to our positive Q1 results, our wholly owned subsidiary See World Satellites (SWS) was ranked the number one RSP (Regional Service Provider) in the nation again during the 10 days of April. This makes six weeks running that SWS has ranked as the leading RSP for EchoStar's (Nasdaq:DISH) DISH Network satellite television system."
About FTS Group, Inc.
FTS Group, Inc. (OTCBB:FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc. The Company operates through retail locations in Florida and Pennsylvania and globally over the Internet through its web sites www.FTSGroup.TV, www.CellChannel.com, www.SeeWorld.biz and www.FTSWireless.com. For additional information about FTS Group, Inc. or any of its wholly owned subsidiaries please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov or contact the Company at the e-mail or phone number below.
About EchoStar
EchoStar Communications Corporation (Nasdaq:DISH) serves more than 12 million satellite TV customers through its DISH Network(tm), the fastest growing U.S. pay-TV provider in the last five years. DISH Network offers hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service. Visit EchoStar's DISH Network at www.dishnetwork.com or call 1-800-333-DISH (3474).
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.
FTS Contacts:
Investors: www.FTSGroup.TV Scott Gallagher, CEO Voice: (215) 688-2355 e-mail: IR@FTSGroup.TV
Media: PR@FTSGroup.TV