TAMPA, FL--(Marketwire - August 15, 2007) - FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company operating in the Internet, Wireless and Technology space, today announced that it posted record revenues of $3,567,093 for the first six months of 2007. The Company also reported an 8% year-over-year increase in Q2 revenue to $1,765,673 vs. $1,633,392 for the same period of 2006. Below are some of the key results achieved during the first half of 2007:

--  Top-line sales increased by 9.2% during the first six months of 2007
    and 8.1% during Q2.
--  FTS Wireless sales grew by 42.5% during the first half of 2007 and by
    43.3% during Q2.
--  S,G and A expenses dropped by 8% during Q2.
--  Sequential Operating income rose to $64,993 vs. an operating loss of
    ($7,595) during Q1 of 2007.
--  Total Liabilities dropped by $250,406 during first six months of 2007.
--  Positive non-derivative EBITDA of $180,286 during the first six months
    of 2007.
    

FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "We're pleased to report record profitable results for the first six months of 2007 to our stockholders. We're equally pleased to announce an 8% drop in SG&A during Q2 as we increased our focus on controlling expense levels. Our operating companies continued to execute our business plans and deliver profitable results." Gallagher went on to say, "We're already off to a strong start for Q3. We closed our first ever Internet acquisition, we increased our footprint for See World Satellites in Western, Pa. and FTS Wireless is looking to expand to Philadelphia and other Northeast markets." Gallagher continued, "With our financial restatements due to accounting of derivatives now behind us, we expect further reductions to operating expenses in both the legal and accounting areas for the second half of 2007 and thereby an increase in earnings. In addition, Elysium Internet, Inc., our new Internet subsidiary, is already generating a profit on a stand alone basis that will be accretive to our consolidated earnings during Q3."

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded acquisition and development Company. The Company generated profitable sales of $6.6 million during 2006, an increase of 409% from the previous year. FTS is focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures primarily those in the wireless and Internet space. The Company generates revenue through its three wholly owned subsidiaries: See World Satellites, Inc., FTS Wireless, Inc. and Elysium Internet, Inc. 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: FTS Group, Inc. Contact: www.FTSGroup.com Scott Gallagher CEO 727-417-7807