LEVITTOWN, Pa., Oct. 4, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), today announced sequential post paid wireless activations grew by more then 100% during the third quarter.
FTS Chairman and Chief Executive Officer Scott Gallagher commented, "Despite the difficult challenges FTS experienced from the hurricane activity in Florida over the past month and a half, we managed to grow post paid wireless activations by more then 100% from second quarter numbers. We exited the quarter on a high note breaking our activation record set in August. In addition to the growth in wireless activations we restructured our carrier line-up resulting in a revenue increase of more then 50% on certain post paid activations performed through our agreement with Philadelphia-based Digital Communications Warehouse (DCW)." Gallagher went on to say, "FTS is well positioned to fully exploit the opportunities in front of us as we head into the fourth quarter and look forward to the roll out of our new wireless super store and call center."
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 HotSpots. FTS Wireless currently operates a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. The company markets and sells products worldwide through its e-commerce site's www.CellularDeals.com and www.SatPhoneCenter.com . For additional information about FTS Group, 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.
FTS Wireless, Inc. Scott Gallagher, CEO (215) 943-9979 SG@FTSWireless.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, 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 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.