TAMPA, Fla., Jan. 21, 2005 (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 products and services, and operates Wi-Fi Hot Spots, today announced plans to begin distributing SIRIUS Satellite Radio (Nasdaq:SIRI) products and services on or about February 1st. The company also announced plans to open a new AirRover Wi-Fi (OTCBB:AVWF) Hot Spot.
FTS Wireless Chief Executive Officer Scott Gallagher commented, "The satellite radio market experienced explosive growth in 2004 when SIRIUS Satellite Radio (Nasdaq:SIRI) named Mel Karmazin its new CEO and announced a blockbuster 5-year deal to bring the 'King of all Media' Howard Stern to SIRIUS satellite radio beginning in 2006. FTS plans to begin distributing SIRIUS Satellite Radio products and services on or about February 1st of 2005. The opportunity to offer SIRIUS Satellite Radio products and services to our wireless customers is a natural fit for our company and should help contribute to the triple digit growth pattern FTS established in 2004 and expects to continue into 2005."
FTS also announced that it expects to open its wireless superstore and AirRover Wi-Fi Corp. (OTCBB:AVWF), Hot Spot on January 24th, slightly ahead of schedule.
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 a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. The company markets and sells products worldwide through its e-commerce site's www.CellularDeals.com and www.SatPhoneCenter.com . 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 filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on 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 expectations, except as may be required by law.