YARDLEY, Pa., Jan. 16, 2004 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) an operator of retail wireless locations that markets and sells next generation wireless products, services and operates Wi-Fi HotSpot's, today announced the launch of its new wireless e-business SatPhoneCenter.com.
FTS Chairman and Chief Executive Officer Mr. Scott Gallagher stated, "SatPhoneCenter.com is targeted at the fast growing satellite communications space by offering products and services from our strategic partner GlobalStar. During 2003, GlobalStar experienced revenue gains of more than 200% year over year and set records in subscriber growth. The Department of Homeland Security is setting new standards requiring government agencies and municipalities across the nation to implement communication strategies in the event of a terrorist attack or natural disaster. During last summer's East Coast Blackout, GlobalStar processed more than three times the normal number of satellite phone calls placed, easily absorbing the increase in volume." Mr. Gallagher further commented, "SatPhoneCenter.com will be fully supported by our growing network of retail wireless locations in the Philadelphia and Florida Markets."
About FTS Wireless, Inc.
FTS Wireless Inc. an operator of retail wireless locations that markets and sells next generation wireless products, services and operates Wi-Fi HotSpot's. FTS Wireless currently has operations in the Florida Gulf Coast region as well as New Jersey and Pennsylvania. Through its e-commerce site, www.SatPhoneCenter.com, FTS Wireless markets to customers worldwide. For additional information about FTS Apparel, 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, 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 enhancements to the Company's brand image, 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.