WESTON, Fla., Nov. 23, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: FTS Group, Inc. (OTCBB:FLIP), Brocade Communications Systems, Inc. (Nasdaq:BRCD), Nokia Corporation (NYSE:NOK) and AtheroGenics, Inc. (Nasdaq:AGIX).
Aggressive investors and traders will be watching FTS Group, Inc. (OTCBB:FLIP) again this morning! Yesterday after the markets closed, FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. issued a press release announcing record operating results for the third quarter of fiscal 2004!
This should be great news to investors! According to the company press release, Sales Nearly Double from Q2 to Q3, Year over Year sales grew by 825% for 3month period and 1,185% for Year over Year 9 month period.
Investors should continue to monitor the progress of FTS Group! FTS CEO Scott Gallagher commented, "FTS generated record operating results for the third quarter of 2004. During the third quarter FTS grew wireless activation levels by more than 100% when compared to the second quarter of 2004. Top-Line revenue grew by 825% when compared to the third quarter of 2003. For the first 9 months of 2004 FTS grew top line revenue by 1185% from $43,111 in 2003 to $510,991. Although financing and acquisition cost's increased during the first 9-months of 2004, we believe these expenses will be dramatically reduced heading into 2005." Gallagher went on to say, "With one acquisition already closed for Q4 and a strong deal pipeline in place we fully expect the growth pattern we've established since taking over to continue into 2005 as we charge towards our ultimate goal of operating profitability."
The company's Consolidated Statements of Operations (Unaudited) are shown on yesterday's press release.
The stock closed yesterday at around Fifteen cents a share.
In case you are not familiar with the company: FTS Wireless, Inc. 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. The company currently operates a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. FTS markets and sells products worldwide through its e-commerce site's www.CellularDeals.com and www.SatPhoneCenter.com . For additional information about FTS Group, Inc. or its subsidiary, visit their website at www.FTSWireless.com or review their periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Brocade Communications Systems, Inc. (Nasdaq:BRCD) up 4.2% on 10.5 million shares traded, Nokia Corporation (NYSE:NOK) up 0.3% on 7.6 million shares traded and AtheroGenics, Inc. (Nasdaq:AGIX) down 15.5% on 11 million shares traded.
Commentary:
"AAA claims that travel over the Thanksgiving Holiday will reach pre-9/11 levels for the first time. They estimate than 37.2 million travelers will go beyond 50 miles for the holiday with an estimated 30.6 million expected to hit the highway," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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