FTS Wireless Reports Record December, Year Over Year Mobile Handset Sales Jump by More Than 30%
Company Names Tab Wright as New CEO
TAMPA, FL -- (MARKET WIRE) -- December 28, 2006 -- FTS Wireless, Inc., a wholly owned subsidiary of
FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company,
today announced record handset sales for the month of December and a more
than 30% increase when compared to the same period for December 2005. FTS
Wireless also announced today that it has named Mr. Tab Wright as its new
Chief Executive Officer effective January 1, 2007.
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented,
"FTS Wireless has had an exceptional Christmas season highlighted by a 30%
plus increase in year over year wireless handset sales. December 2006 will
go down as the second best month in the four-year history of the Company,
in terms of handset sales. I'd like to thank all of our employees for
delivering another solid quarter of growth." New wireless phones and
functions were thought to be the main driver behind the increase in year
over year sales. Gallagher went on to state, "We're also very excited to
announce that Mr. Tab Wright has agreed to become the new CEO of FTS
Wireless, Inc. effective January 1, 2007. Tab is a great fit for our
Company, he has years of experience in the wireless industry having
recently been employed by one of the largest master agents for a leading
national wireless carrier. We look forward to working with him to continue
the growth trend we've established into 2007."
Newly appointed incoming Chief Executive Officer of FTS Wireless Tab Wright
commented, "I am excited about the opportunity to become CEO of FTS
Wireless, Inc. I look forward to building on the great foundation FTS
Wireless has built over the past years. The management team will continue
to put FTS Wireless at the forefront of the wireless industry in the Tampa
Bay region. I am confident 2007 will show strong consistent growth in sales
and lead to a profitable year for FTS."
About FTS Group, Inc.
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 retail locations in Florida and Pennsylvania and globally over the
Internet through its web sites www.FTSGroup.com, www.CellChannel.com,
www.SeeWorld.biz and www.FTSWireless.com. For additional information about
FTS Group, Inc. or any of its wholly owned subsidiaries 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.
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 and 10-K/A 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.