Aggressive Investors Alert: Emerging Public Company Acquires Profitable Wireless Company! January 4, 2006 1/4/06
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Jan 04, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: FTS Group, Inc. (OTC BB: FLIP), Microsoft Corp. (NASDAQ: MSFT), SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) and Sun Microsystems Inc (NASDAQ: SUNW).
FTS Group, Inc. (OTC BB: FLIP) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a publicly traded acquisition and development company, issued a press release announcing the acquisition of 100% of the outstanding shares of Pennsylvania based See World Satellites, Inc. (SWS) in a stock and cash transaction.
The news of the acquisition should get the attention of investors, as the company states that:
-- FTS expects acquisition to increase 2006 revenue by $5.5 to 7 Million -- Expects acquisition to contribute approximately $1.5 to $2 million in EBITDA for fiscal 2006 -- Acquisition expected to immediately expand FTS Wireless operations with new markets. -- FTS expects to file SWS' 2005 and 2004 audited financial statements by January 30th, more then 30 days earlier then required by the Securities and Exchange Commission.
Continue to watch this company! "Today's acquisition provides FTS with a 2006 revenue run rate of around $7 million. SWS has a long track record of profitable growth. We expect SWS' 2005 audited financials to reflect an EBITDA of more then $1 million with revenue in excess of $5 million when reported in the next 30 days." FTS CEO, Scott Gallagher, stated, "See World Satellites, Inc. is one of the leading regional service providers (RSP) for Dish Networks in the US. We look forward to delivering bundled high quality wireless products and services to new and existing customers around the country during 2006."
Investors should continue to monitor the progress of FTS Group!
Prior to the latest press release, the stock closed yesterday at around Four cents a share.
In case you are not familiar with the company: FTS Group, Inc. is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiary FTS Wireless, Inc. The Company operates eight retail wireless locations in Florida's Gulf Coast market and globally over the Internet through its web site www.CellChannel.com and www.FTSWireless.com. Please review the Companies quarterly and annual filings with the Securities and Exchange Commission at www.SEC.gov.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft (NASDAQ: MSFT) up 2.6% on 78.8 million shares traded, SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) down 2.6% on 71.8 million shares traded and Sun Microsystems Inc (NASDAQ: SUNW) up 3.1% on 48 million shares traded.
Commentary:
Posted by WarpedMind on :
Nice. Too bad I'm tied up right now. Posted by stnkng1 on :
think this will run anymore today
Posted by blduncandc on :
Off Topic....Matto; any insight as to whats up with the Stock Esteem website?..
Posted by matto on :
I think it will go 2 or 3 days settle at .07
Posted by stnkng1 on :
for real
Posted by matto on :
no idea man i miss that sight i made alot from them.
Transaction Expected to Add Over $5 Million in Annual Revenue, be Accretive to Earnings
TAMPA, Fla., Jan 4, 2006 (PRIMEZONE via COMTEX) -- FTS Group, Inc. (OTCBB:FLIP), a publicly traded acquisition and development company, today announced the acquisition of 100% of the outstanding shares of Pennsylvania-based See World Satellites, Inc. (SWS) in a stock and cash transaction. Additional details of the purchase will be disclosed in an 8K to be filed shortly with the SEC.
-- FTS expects acquisition to increase 2006 revenue by $5.5 to $7 million. -- Expects acquisition to contribute approximately $1.5 to $2 million in EBITDA for fiscal 2006. -- Acquisition expected to immediately expand FTS Wireless operations with new markets. -- FTS expects to file SWS' 2005 and 2004 audited financial statements by January 30th, more then 30 days earlier than required by the Securities and Exchange Commission.
"Today's acquisition provides FTS with a 2006 revenue run rate of around $7 million. SWS has a long track record of profitable growth. We expect SWS' 2005 audited financials to reflect an EBITDA of more then $1 million with revenue in excess of $5 million when reported in the next 30 days." FTS CEO Scott Gallagher stated, "See World Satellites, Inc. is one of the leading regional service providers (RSP) for Dish Networks in the U.S. We look forward to delivering bundled high quality wireless products and services to new and existing customers around the country during 2006." About FTS Group, Inc.
FTS Group, Inc. (OTCBB:FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiary FTS Wireless, Inc. The Company operates eight retail wireless locations in Florida's Gulf Coast market and Globally over the Internet through its web site www.CellChannel.com and www.FTSWireless.com. For additional information about FTS Group or FTS Wireless please review the Companies quarterly and annual filings with the Securities and Exchange Commission at www.SEC.gov or contact the Company at the e-mail or phone number below.
Posted by blduncandc on :
okay, thanks; appreciate your response.
Posted by Mule on :
MORE GGOD NEWS !!!!
FTS Wireless Finishes Record Setting Month Thursday January 5, 8:00 am ET Company Breaks Monthly Handset Sales Record During December
TAMPA, Fla., Jan. 5, 2006 (PRIMEZONE) -- TAMPA, Fla. FTS Group, Inc. (OTC BB:FLIP.OB - News), a publicly traded acquisition and development company operating in the wireless industry, through its wholly-owned subsidiary FTS Wireless, Inc., today announced record handset sales for the wholly owned subsidiary during the month of December, fueled by strong sales of Metro PCS products and services. FTS CEO Scott Gallagher commented, ``Our retail wireless business continued to experience strong growth during the month of December by breaking the previous company wide handset sales record set during March of 2005.'' Gallagher continued, ``The Gulf Coast wireless market has changed dramatically in recent months with the addition of Metro PCS. We're proud to report that FTS Wireless has successfully made the transition to the prevailing business model and expects to turn cash flow positive during tQ1. We expect gross margins and overall sales levels to continue to increase well into 2006.''
About FTS Group, Inc.
FTS Group, Inc. (OTC BB:FLIP.OB - News) is a publicly traded holding company operating in the wireless industry, through its wholly owned subsidiary FTS Wireless, Inc. The Company operates eight retail wireless locations in Florida's Gulf Coast market and globally over the Internet through its web site http://www.CellChannel.com and http://www.FTSWireless.com. For additional information about FTS Group or FTS Wireless please review the company's' quarterly and annual filings with the Securities and Exchange Commission at http://www.SEC.gov or contact the Company at the e-mail or phone number below.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2004 and in other filings with the Securities and Exchange Commission and http://www.SEC.gov.
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