TAMPA, Fla., Jan. 5, 2006 (PRIMEZONE) -- TAMPA, Fla. FTS Group, Inc. (OTCBB:FLIP), a publicly traded acquisition and development company operating in the wireless industry, through its wholly-owned subsidiary FTS Wireless, Inc., today announced record handset sales for the wholly owned subsidiary during the month of December, fueled by strong sales of Metro PCS products and services.
FTS CEO Scott Gallagher commented, "Our retail wireless business continued to experience strong growth during the month of December by breaking the previous company wide handset sales record set during March of 2005." Gallagher continued, "The Gulf Coast wireless market has changed dramatically in recent months with the addition of Metro PCS. We're proud to report that FTS Wireless has successfully made the transition to the prevailing business model and expects to turn cash flow positive during tQ1. We expect gross margins and overall sales levels to continue to increase well into 2006."
About FTS Group, Inc.
FTS Group, Inc. (OTCBB:FLIP) is a publicly traded holding company operating in the wireless industry, through its wholly owned subsidiary FTS Wireless, Inc. The Company operates eight retail wireless locations in Florida's Gulf Coast market and globally over the Internet through its web site www.CellChannel.com and www.FTSWireless.com. For additional information about FTS Group or FTS Wireless please review the company's' quarterly and annual filings with the Securities and Exchange Commission at www.SEC.gov or contact the Company at the e-mail or phone number below.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2004 and in other filings with the Securities and Exchange Commission and www.SEC.gov.