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FTS Group Reports Preliminary Q1 Sales of $1.62 Million, Sales of $303K 4/26/2006
Company Expects Profitable 2006 Sales in the Range of $7 to $10 Million vs. 2005 Full Year Sales of $1.3 Million
TAMPA, Fla., Apr 26, 2006 (PRIMEZONE via COMTEX News Network) -- FTS Group, Inc. (OTCBB:FLIP) a publicly traded acquisition and development company operating in the wireless space through its wholly-owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc., today announced preliminary sales results for the quarter ending March 31, 2006. The Company also now projects top-line sales to grow by more than 610 percent during fiscal 2006.
FTS Group CEO Scott Gallagher commented, "FTS generated more revenue during the first quarter of 2006 than we did the entire year of 2005. Based on our preliminary first quarter operating results we expect to report profitable revenue of $1.62 Million, a year over year jump of 531%. In addition, we expect full 2006 sales in the range of $7 to $10 million for an increase of over 600% versus 2005." Gallagher went on to state, "In addition to our positive Q1 results, our wholly owned subsidiary See World Satellites (SWS) was ranked the number one RSP (Regional Service Provider) in the nation again during the 10 days of April. This makes six weeks running that SWS has ranked as the leading RSP for EchoStar's (Nasdaq:DISH) DISH Network satellite television system."
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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Boy, %50 is great, but I'll take %500 anyday. This should be an easy double this week. I'm in.
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