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FTS Group Reports Preliminary 9-Month Revenue of $4.9 Million, an Increase of 524 Percent Over 2005 9-Month Revenue of $934K FTS Group, Inc. (OTCBB: FLIP) 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.
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:
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