Contact Information: Contact: FTS Group, Inc. Scott Gallagher CEO 727-417-7807
Elysium Internet Launches 200 Web Sites and Completes Acquisition Integration
Company Completes First Phase of Domain Monetization Program
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - August 30, 2007) - FTS Group, Inc. (OTCBB : FLIP ), an acquisition and
development Company operating in the Internet, Wireless and Technology
space, today announced that its wholly owned subsidiary Elysium Internet,
Inc. has completed the first phase of its domain monetization program.
Through its domain monetization channel partner Parked.com, Elysium has
converted 200 domain names into revenue generating web sites. Elysium plans
to monetize another 200 domains by September 15th and expects to have 500
sites operational by the end of September.
FTS and Elysium CEO Scott Gallagher commented, "We're pleased to announce
that we have successfully integrated our health and therapy directories to
our servers and are experiencing strong sign-up and renewal rates. We've
also completed the first phase of our domain monetization program by
launching 200 of our domains through our channel partner Parked.com. With
the strongest quarter of the year for Internet advertising just around the
corner, it's important for us to get as many domains monetized as soon as
possible. The 200 sites will begin generating advertising revenue
immediately. We should exit the third quarter with approximately 500
monetized and growing."
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 visit www.FTSGroup.com.
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
and performance to differ materially from those referred to or implied by
such statements. In addition, actual 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 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.