LEVITTOWN, Pa., May 25, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next generation wireless and VoIP products and services and operate Wi-Fi HotSpot's, today announced that FTS will offer its customers bundled Wi-Fi Internet service with VoIP Telephony service combined plans starting at $39.99 per month.
FTS CEO Scott Gallagher commented, "After successfully testing VoIP service provided by our strategic partner, Voiceglo.com (OTCBB:TGLO) over a wireless 802.11b (Wi-Fi) network for 3 months, we are confident the service, pricing and call quality will be well received by our wireless customers and plan to begin selling the bundled service through both our retail and Internet channels immediately." Mr. Gallagher continued, "The ability to efficiently check e-mail and make Internet Calls while on the road should radically change the communications expense structure of some 70 million business travelers often referred to as 'Road Warriors'."
According to a recent article in Barron's magazine titled "Talk Gets Cheap" published 5/24/2004, Market-research firm In-Stat estimates that 4% of all U.S. businesses used some VoIP services in 2003. This year, the figure should reach 6% and the total will keep growing.
About FTS Wireless, Inc.
FTS Wireless Inc., is an emerging regional operator of retail wireless locations that market and sell next generation wireless products and services and operate Wi-Fi HotSpot's. FTS Wireless currently operates five retail wireless locations in the Florida Gulf Coast region and one location in the Philadelphia suburban market and through its e-commerce sites, www.SatPhoneCenter.com and www.CellularDeals.com, FTS Wireless markets to customers worldwide. For additional information about FTS Apparel, Inc. or its subsidiary, please visit our website at www.FTSWireless.com or review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
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, 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 as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.