LEVITTOWN, Pa., Feb. 12, 2004 (PRIMEZONE) -- FTS Wireless, Inc., (OTCBB:FLIP) an operator of retail wireless locations that markets and sells next generation wireless products, services and operates Wi-Fi HotSpot's and Wholly owned subsidiary of FTS Group, Inc., today announced it has been granted national non-exclusive marketing rights to a new line of alternative Pre-Pay wireless products and services to be provided by an undisclosed national US wireless company.
FTS Wireless CEO Scott Gallagher commented, "For nearly three months we have searched the market for a wireless product that could make an immediate impact on sales. Our customers have been consistently asking for a 'pay as you go' wireless plan including free nights, free weekends, more anytime minutes and no contractual commitment. The opportunity for us to develop this new sales channel nationally through our 'Clicks and Bricks' business model should help grow future sales exponentially."
About FTS Wireless, Inc.
FTS Wireless Inc., a wholly owned subsidiary of FTS Group, Inc., is an operator of retail wireless locations that markets and sells next generation wireless products, services and operates Wi-Fi HotSpot's. FTS Wireless currently has operations in the Florida Gulf Coast region as well as New Jersey and Pennsylvania. Through its e-commerce site, www.SatPhoneCenter.com, FTS Wireless markets to customers worldwide. For additional information about FTS Apparel, 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, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, the success of enhancements to the Company's brand image, 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 as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these 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 its expectations, except as may be required by law.