Contact Information: Contact: FTS Group, Inc. http://www.FTSGroup.com Scott Gallagher CEO 727-417-7807
FTS Group Plans Conference Call Next Week
| Source: FTS Group, Inc.
TAMPA, FL--(Marketwire - March 27, 2008) - FTS Group, Inc. (OTCBB : FLIP ), an acquisition and
development Company generating over $7 Million in sales during 2007, today
announced that it will host a stockholder conference call next Thursday,
April 3, after the market close. Call in details will be disclosed next
week. Investors are urged to e-mail questions they would like to be
addressed on the call to FTSGroup@aol.com.
FTS CEO Scott Gallagher commented, "It appears for some reason the market
and investors do not fully understand the effects of the two recent
transactions closed by FTS Group. First the OTG deal. We formed OTG
Technologies Group, Inc., a wholly owned subsidiary of FTS Group, Inc. to
operate and develop the assets we acquired from On the Go Healthcare, Inc.
dba On the Go Technologies. These assets make up an IT Solutions provider
that generates roughly $23 to $26 Million in annual sales. The Company
generates gross profit margins in the range of 18% to 21%. We did not
acquire the corporate overhead and management team of the public Company,
On The Go Healthcare, Inc. Our financial modeling and projections are based
on the new business being properly funded and a dramatic reduction in fixed
operating costs. If we're successful in executing our plans the business
should cash flow between $1.5 and $2 Million annually."
Gallagher continued, "With regards to the Elysium transaction, we sold our
Internet Company Elysium Internet, Inc. to US Biodefense in exchange for a
$1.5 Million Note and non dilutive preferred stock that convert into 60% of
the issued and outstanding shares subject to certain restrictions. FTS
immediately acquired significant assets expected to double stockholder
value, the proceeds from the note will accelerate our convertible debt
reduction plans. From a business perspective, Elysium now has the tools to
build the Company from a start-up formed last July into a significant
player in the Internet Media/Directory space. Both of these transactions
will unequivocally have a positive impact going forward on the underlying
value of FTS Group shares. And just to reiterate, we have no plans and will
not effect a reverse stock split for any reason during 2008. My original
shares were bought back in 2002 and were purchased for cash at $.03 a
share, I own shares at $.20 as well so I feel the current market pain of
our stockholders. Our current valuation is closer to that of an empty shell
than a cash flow positive $30 Million Company. In the long run savvy
investors taking advantage of the recent share decline should be very well
rewarded. I plan to make additional open market purchases of FTS common
stock after we come out of the current black out period. I look forward to
further discussing the exciting opportunities these recent deals offer our
Company and its stockholders on next weeks call."
About FTS Group, Inc.
FTS Group, Inc. (www.FTSGroup.com) (OTCBB : FLIP ) is a publicly traded
acquisition and development Company focused on acquiring, developing and
investing in cash flow positive businesses and viable business ventures,
primarily those in the Technology, 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, general economic conditions affecting consumer
spending, including uncertainties relating to global political conditions.
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.