FTS Group Issues Mid Quarter Update to Shareholders

FTS Group, Inc. (OTCBB: FLIP), a publicly traded acquisition and development Company, today issued the following mid quarter update to its shareholders regarding its operating businesses.

FTS Group CEO Scott Gallagher commented, "We're pleased to report to our shareholders that the third quarter is on track to meet or beat our current expectations. Business at our wholly owned subsidiary See World Satellites, Inc. (SWS) has been very strong during the first two months of Q3, in fact it's been the best two months since we acquired SWS in January. FTS Wireless continues to perform well and remains one of the top Metro PCS wireless dealers in the high growth Tampa/St. Petersburg market." Gallagher went on to say, "We're actively looking at several transactions we feel will increase the overall shareholder value of FTS Group both in the short and long term. We hope to have additional updates before the end of the quarter."

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc. The Company operates through retail locations in Florida and Pennsylvania and globally over the Internet through its web sites www.FTSGroup.TV, www.CellChannel.com, www.SeeWorld.biz and www.FTSWireless.com. 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 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.

FTS Contacts:

Scott Gallagher
Voice: (215) 688-2355
e-mail: Email Contact

Email Contact

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