FLIP up 20% - NEWS
FTS Group Retains International Consulting Firm to Complete Patent-Pending Cell Phone Translation Technology Utility Patent Application
Market Wire - May 06, 2008 7:01 AM ET
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FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company generating positive cash-flow on over $7 Million in annual sales for 2007, today announced that it has retained the International consulting firm of Packer Engineering, Inc. to complete the engineering work and specifications needed for its patent-pending cell phone translation technology utility patent application.
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "While it has taken us longer than we initially anticipated to get this project off the ground, we're very pleased that Packer Engineering, a firm with over 45 years of successful industry experience has decided to take on our project. Engaging the Packer team puts us back on track to complete and submit the utility patent application of our patent-pending cell phone translation technology to the United State Patent and Trademark office by mid summer." Gallagher continued, "Obviously the global market potential for a working cell phone translation technology is massive. We believe this is potentially a once in a lifetime opportunity for our Company and its stockholders if we can get the patent approved. Upon completion of the utility patent application filing this summer we'll begin the process of developing a working prototype. At this point we hope to have the prototype or some variation of a prototype working by the end of the year."
About FTS Group, Inc.
FTS Group, Inc. (OTCBB: FLIP) is a publicly traded acquisition and development Company focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures primarily those in the Technology, Wireless and Internet space. The Company generates revenue through its three wholly owned subsidiaries, See World Satellites, Inc., FTS Wireless, Inc. and OTG Technologies Group, Inc. 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.
About Packer Engineering, Inc.
Packer Engineering, Inc., a multi-disciplinary engineering consulting and technical services company, offers engineering investigation and analysis, customized and routine testing, accident investigation and reconstruction, and pretrial and courtroom testimony.
Problems come and go. Technologies change. What stays the same is the approach problem solvers take to find an answer. The methodical mind of the engineer has been the hallmark of Packer Engineering's expert staff for over forty-five years. Our scientist, technicians, and research experts solve problems and answer questions for clients in every major discipline. Packer understands when your question needs a solution, the answer is everything. We understand a wrong answer could cost you millions or put lives in danger.
Our clients count on us to provide solutions to even their most difficult problems. To do this, we maintain a staff of engineers, scientists, technicians, and support personnel you can call 24 hours a day, 7 days a week to solve your problems anywhere in the world. www.PackerEng.com
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