Contact Information: Contact: FTS Contacts: Investors: www.FTSGroup.TV Scott Gallagher, CEO Voice: (215) 688-2355 email: Email Contact Media: Email Contact
FTS Wireless to Begin Offering New MySpace Accessible Cell Phones From Helio(TM)
| Source: FTS Group, Inc.
TAMPA, FL -- (MARKET WIRE) -- October 30, 2006 -- FTS Wireless Inc., a wholly owned subsidiary of
FTS Group, Inc. (OTCBB : FLIP ), today announced that it will begin offering
Helio™ Wireless handsets and rate plans through its retail and new
Internet sales channels beginning in November.
Helio™ is an MVNO (Mobile Virtual Network Operator) lead by Internet
visionary and Earthlink founder Sky Dayton. The Company has secured an
exclusive partnership with MySpace.com, the youth hot spot with over 55
Million users. MySpace was purchased by News Corp last year for $580
Million. Many MySpace.com users are young people who visit the site to post
their own pages and communicate with Friends. Helio™ is the only mobile
service provider to offer a custom mobile MySpace service that allows users
to manage MySpace mail, comments and friend requests while on the go.
FTS CEO Scott Gallagher commented, "Helio™ has created what I personally
believe to be one of the hottest wireless offerings in years. Mobile access
to the 55 Million MySpace.com users should allow Helio™ to quickly
become a leading national brand for today's youth market."
FTS Group COO David Rasmussen commented, "As I stated on the shareholder
conference call, we'll continue to grow FTS Wireless organically."
Rasmussen went on to say, "We're always looking at new products to increase
our overall product portfolio and enable us to execute our growth strategy.
Helio™ taps into a demographic that is readily available in the Tampa
market and will continue to add shareholder value by expanding the FTS
product offerings."
About FTS Group
FTS Group, Inc. (OTCBB : FLIP ) is a publicly traded holding company
operating in the wireless industry through its wholly owned subsidiaries
FTS Wireless, Inc. and See World Satellites, Inc. The Company operates
through locations in Florida and Pennsylvania, and globally over the
Internet through its web sites: CellChannel.com, SeeWorld.biz and
FTSWireless.com. For additional information about FTS Wireless, Inc., See
World Satellites, Inc. or FTS Group, Inc., 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.
About Helio™
Helio™ is a new mobile brand custom-built for young, connected
consumers. As a $440 million joint venture, Helio, LLC, brings together the
innovation from the world leader in wireless -- SK Telecom -- and the
service and support synonymous with leading Internet Service Provider (ISP)
-- EarthLink -- to deliver a breakthrough mobile experience.
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 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.