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Didn't notice anyone posting anything about this company FLIP To me its a sound investment they are making good money and have a 25 million dollar deal going down ! and its at a 52 week low best time to buy idk what do you guys think I have only started trading a few weeks now and me and my buddy are trying to find companys that aren't loosing $$$$$$ per year rather ones that are starting out and are starting to make decent amount of earnings
Year over year, FTS Group Inc. has been able to grow revenues from $1.3M to $6.7M. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 134.85% to 61.18%. This was a driver that led to a bottom line growth from a loss of $3.6M to a gain of $1.2M.
FTS Group, Inc., through its subsidiaries, engages in the retail distribution of next generation wireless communications and entertainment products and services for businesses and consumers in the United States. The company operates as a regional service provider and retail distributor of satellite television systems and services for DISH Networks. It installs satellite television systems sold by DISH networks, as well as markets, sells, and installs satellite systems for DISH Networks through its retail location in Indiana, Pennsylvania. The company also distributes wireless communications products, such as cell phones, PDAs, and related communication devices and accessories through a chain... Detailed Description...
FTS Group Signs Letter of Intent to Acquire $25 Million IT Solutions Provider Market Wire - 03/06/2008 9:41 AM ET
03/06/08 -- FTS Group, Inc., an acquisition and development Company generating positive cash-flow on over $7 Million in annual sales for 2007, today announced that it has entered into a letter of intent to acquire a leading IT Solutions provider on pace to generate over $25 Million in profitable sales for 2008. I found all this info at : http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=F LIP
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TAMPA, FL--(MARKET WIRE)--Apr 16, 2008 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), an acquisition and development Company generating positive cash-flow on over $7 Million in annual sales for 2007, today announced its full results for the year ended December 31, 2007. Below are some of the key achievements completed during 2007 and year to date 2008. To review the full financial statement visit www.sec.gov: -- 2007 sales of $7,024,300 was a Company record. -- 2007 free cash flow of $380,394 was a Company record. -- Year over Year Liabilities dropped $387,997 -- During first three plus months of 2008 paid down over $500,000 in convertible debt. -- Completed Liquidity event with Elysium Internet for $2,000,000. -- Closed largest acquisition in Companies history with the OTG deal.
FTS Chairman and Chief Executive Officer Scott Gallagher commented, "We've just reported another record year of operating results for our Company. The 2007 year end resulted in positive EBITDA, Positive Cash-Flow and Reduced Debt. In addition to the tremendous results achieved during the year, so far in 2008 we've reduced our convertible debt by more than $500K surpassing all of last year; we completed the $2 Million liquidity event with Elysium Internet (OTC BB:USBF.OB - News) increasing shareholder value considerably. And most recently we acquired IT business assets expected to be almost immediately accretive to earnings and post big gains in top line sales during 2008." Gallagher continued, "I fully expect our share price to improve in both the short and long term as a result of the convertible debt reductions and recent deal related activities. We're also exploring the possibility to initiating a share buy back sometime during the second half of the year. Right now we'll continue to use cash generated from operations to pay down our debt and grow our business."
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