FTS Group Reports Preliminary 9-Month Revenue of $4.9 Million, an Increase of 524 Percent Over 2005 9-Month Revenue of $934K Monday October 9, 8:57 am ET
TAMPA, FL--(MARKET WIRE)--Oct 9, 2006 -- FTS Group, Inc. (OTC BB:FLIP.OB - News) today announced Preliminary nine month revenue of $4,901,152 for the period ending September 30, 2006 versus 2005 nine month revenue of $934,096. FTS Group expects to report its third consecutive quarter of profitability for the period ending September 30, 2006 versus a net loss of ($1,140,163) for the period ending September 30, 2005. FTS expects to report its full financial results on or about November 15, 2006. ADVERTISEMENT
FTS Group Chairman and Chief Executive Scott Gallagher stated, "Our businesses completed another very strong, profitable quarter. FTS Wireless generated top-line revenue growth of nearly 70% when compared to the same period of 2005. In the first nine months of 2006 FTS Wireless has already surpassed its full year 2005 sales of $1,310,731. See World Satellites had its best quarter since we purchased the business at the beginning of the year and continues to delver solid results."
FTS Group, Inc. will host an Investor Conference Call on Thursday, October 12th, 2006 to discuss the third quarter results as well as other activities of the Company. The following information is needed to access the call this Thursday:
Call Information Date: October 12, 2006 Time: 4:15 pm EST Dial in number: (877) 454-2147 Conference Call ID: 8381811 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 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.
Contact: Contact: FTS Contacts:
Investors: www.FTSGroup.TV Scott Gallagher CEO Voice: (215) 688-2355 e-mail: Email Contact
Media: Email Contact
-------------------------------------------------------------------------------- Source: FTS Group, Inc.
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