TAMPA, FL -- (MARKET WIRE) -- May 22, 2007 -- FTS Group, Inc. (
OTCBB:
FLIP), an acquisition and
development Company operating in the wireless, technology and Internet
space, today announced that it filed it Form 10-QSB for the first quarter
of 2007 after the market closed yesterday. Below are some of the
year-over-year Q1 results:
-- FTS Wireless Revenues Increase by 41.8% to $702, 962
-- FTS Wireless Posts First Net Profit in Four-Year History
-- See World Satellites Posts Net Profit of $200,794
-- Consolidated Sales Rise 10.2% to $1.8 Million, Best Quarterly Result
in Company History
-- Company Book Value Rises to $.012 Cents per share
-- Positive Non GAAP EBITDA of $139,847 (Non Derivative)
To View the full 10-QSB for FTS Group, Inc. go to
www.SEC.Gov.
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.
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 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.
Contact Information: Contact:
www.FTSGroup.com
Scott Gallagher
CEO
Voice: (727) 417-7807
e-mail: Email Contact