WESTON, Fla., March 7, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: FTS Group, Inc. (OTCBB:FLIP), Elan Corp. (NYSE:ELN), Biogen Idec Inc (NASDAQ:BIIB) and Dell Inc. (NASDAQ:DELL).
Aggressive investors and day traders will be watching FTS Group, Inc. (OTCBB:FLIP) this morning! Friday after the markets closed, FTS Wireless, Inc., a subsidiary of FTS Group, Inc., an operator of retail wireless locations that market and sell next-generation wireless products and services, and operates Wi-Fi Hot Spots issued a press release announcing that it expects to report 2004 top-line revenue in the range of $710,000 to $730,000 when the company files its form 10K with the Securities and Exchange Commission later this month.
This should be more great news to investors! FTS also reported today that the company extinguished 100% of its convertible debt during the first quarter of 2005.
Investors should continue to monitor the progress of FTS Group. FTS Chairman and Chief Executive Officer Scott Gallagher commented, "Were proud to announce the following major developments within our company. FTS has now extinguished 100% of our outstanding convertible debt. Our wireless sales have grown over 550% from $108,655 in 2003 to surpass $700,000 for 2004.FTS recently announced record sales for the month of February and expects to surpass that number in March." Mr. Gallagher went on to say, "We continue to effectively execute our operating plans for FTS, eliminating our convertible debt is a major milestone for our company that all shareholders should be pleased with. We expect to continually improve and grow our operating results through out 2005 towards achieving our ultimate goal of profitability."
For more in-depth coverage of FTS Wireless, visit http://www.backissuesofnewsalerts.us/FLIP0306.html
Prior to Friday's announcement, the stock closed at just under Fourteen cents a share.
In case you are not familiar with the company: 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 HotSpot's. 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's www.CellularDeals.com and www.CellChannel.com . For additional information about FTS Group, Inc. or its subsidiary, please visit their website at www.FTSWireless.com.
Stocks showing interesting activity Friday at the close of the regular trading day were: Elan Corporation (NYSE:ELN) down 14.1% on 104.5 million shares traded, Biogen Idec Inc (NASDAQ:BIIB) down 4.5% on 24 million shares traded and Dell Inc. (NASDAQ:DELL) up 2.1% on 18.9 million shares traded.
Commentary:
"With the petroleum industry pumping just barely enough fuel to keep the world's economic engine humming, a buying frenzy on oil markets is setting the stage for sharply higher gasoline prices as early as next week," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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