Contact Information: Contact: FTS Contacts: Investors: www.FTSGroup.com Scott Gallagher CEO Voice: (215) 688-2355 email: Email Contact
FTS Group Makes Debt Payment, Extinguishes Short Term Note a Month Ahead of Schedule
Company Improves Internet Brand Recognition by Acquiring FTSGroup.com
| Source: FTS Group, Inc.
TAMPA, FL -- (MARKET WIRE) -- November 16, 2006 -- FTS Group, Inc. (OTCBB : FLIP ), an acquisition and
development Company, today announced that it made another $88,036 Debt
payment during the first two weeks of November on a short term note. The
final payment eliminates this short term note a month and a half ahead of
the note term.
FTS CEO Scott Gallagher commented, "We were able to use our operating cash
flow to make another debt payment a month and a half ahead of schedule. FTS
plans on making additional debt payments in the next 60 days." Gallagher
went on to say, "We're finalizing our form 10Q and expect to file shortly.
We've also recently improved our Internet brand recognition by acquiring
the domain www.FTSGroup.com for our Corporate web site. As we grow our
Company it's important that our corporate image reflects the goals of our
Company and .com domains are by far the most recognized."
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.
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.