latest news releases from the newsroom
FTS Wireless, Inc.
FTS Group Signs Agreement to Acquire Profitable Privately Held Pre-Paid Company with Annual Revenues of $11.7 Million
LEVITTOWN, Pa., May 6, 2004 (PRIMEZONE) -- FTS Group, Inc. (OTCBB:FLIP) today announced that the company has signed an agreement to purchase 100% of the outstanding shares of a profitable Midwest based company engaged in the prepaid industry. The target company posted annual revenue of approximately $11.7 million US for 2003 and generated cash flow of approximately $400,000; the Company has been profitable for 4 years running. Due to the non-disclosure agreements, the name of the target Company and details of the transaction has been withheld.
Toll Brothers, Inc.
Toll Brothers' Record 2nd Qtr 2004 Contracts Rise 73% vs 2003 to $1.6 Billion
HUNTINGDON VALLEY, Pa., May 6, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today reported record second quarter and six month results for contracts, backlog and home building revenues for the period ended April 30, 2004. The company's contracts and backlog were the highest for any quarter in its history, and its home building revenues were a second quarter record. These results are preliminary. The Company will announce final results when it announces second quarter earnings on May 26, 2004.