YARDLEY, Pa., Aug. 14, 2003 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) announced today that it has been approved to market and sell AirVoice Wireless (AVW) branded products into additional markets.
The additional markets are on the East coast and include certain areas of Boston, Ma, El Paso, TX, Connecticut and over the Internet. In addition to the new markets, FTS has agreed on terms with a sales group to dramatically expand its penetration into the Lucrative Tampa, Florida pre-paid market.
Scott Gallagher, Chairman and CEO of FTS, commented "We now have in place the personnel and contacts necessary to dramatically increase our market penetration of AVW pre-paid products in Florida's Gulf Coast market as well as other selected markets on the eastern seaboard." He added, "Going into the fall we'll now have a sales presence in at least 5 states as we roll out a targeted marketing campaign."
About FTS Wireless, Inc.
Tampa based FTS Wireless, Inc. (FTSW) is a wholly-owned subsidiary of FTS Apparel, Inc. FTSW is a diversified wireless company that markets traditional and pre-paid wireless, cellular, Wi-Fi and other related products and services through agreements with its strategic partners to customers in the Florida Gulf Coast region as well as New Jersey, Pennsylvania and other selected markets. Through its e-commerce site, FTS markets to customers worldwide. For additional information about FTS Apparel, Inc or any of its subsidiaries, please visit our website at www.FTSWireless.com or review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
About AirVoice Wireless
AirVoice Wireless (AVW) is a privately held leading provider of Nationwide Prepaid Cellular Service and associated support products. Established in 1999, AVW currently has over 1,000 resellers distributing and selling products throughout Florida, San Diego, Los Angeles, Phoenix, Nevada and Michigan. Additional information about AirVoice Wireless is available at the company web site www.AirVoiceWireless.com
Forward-Looking Statement
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, successful introduction of new products, continued product innovation, the success of new enhancements to the Company's brand image, growth in domestic sales, ability to attract and retain key personnel, sales and earnings results, 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.