TAMPA, FL--(Marketwire - July 18, 2007) - FTS Group, Inc. (
OTCBB:
FLIP) an acquisition and
development Company operating in the Wireless, Technology and Internet
space, today announced that its wholly owned subsidiary Elysium Internet,
Inc. has acquired the domain name Therapists.net as well as a group of
additional direct navigation domain names bringing its current portfolio to
more than 1,400.
FTS and Elysium CEO Scott Gallagher commented, "As we begin to monetize and
develop our domain portfolio we'll continue to acquire key direct
navigation domains like Therapists.net and TheDirectory.com when we can.
Going forward owning this type of Internet real estate will generate
significant value and traffic to our respective directory/portal networks
and shareholders alike." Gallagher went on to say, "Were in the process of
having our domain portfolio valued and hope to have an update regarding the
current portfolio valuation by the time of our pending conference call
tomorrow."
Investors can also e-mail questions they would like to be answered to
FTSGroup@aol.com.
Conference Call information:
Call title: "Second Quarter Update"
Date: Thursday, July 19th, 2007
Time: 4:15 pm EDT
Dial in Number: 866.277.1181
International Dial-in number: 617.597.5358
Participant pass code: 976 872 64
About FTS Group, Inc.
FTS Group, Inc. (
OTCBB:
FLIP) is a publicly traded acquisition and
development Company. The Company generated profitable sales of $6.6 million
during 2006, an increase of 409% from the previous year. FTS is focused on
acquiring, developing and investing in cash flow positive businesses and
viable business ventures primarily those in the wireless and Internet
space. The Company generates revenue through its three wholly owned
subsidiaries; See World Satellites, Inc., FTS Wireless, Inc. and Elysium
Internet, Inc. For additional information about FTS Group, Inc. or any of
its wholly owned subsidiaries please review the Company's quarterly, annual
and other filings with the Securities and Exchange Commission at
http://www.SEC.gov or contact the Company at the e-mail or phone number
below.
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 and 10-K/A as filed
with the Securities and Exchange Commission. Readers are cautioned not to
place reliance on these forward-looking statements, which speak only as of
the date hereof.
Contact Information: FTS Group, Inc.
Contact:
www.FTSGroup.com
www.ElysiumInternet.com
Scott Gallagher
CEO
727-417-7807