FTS Group, Inc. 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 results for the year ending December 31, 2005. The form 10K filing is available at www.SEC.Gov or under the investor link at www.FTSGroup.TV .
Below are some of the positive results FTS delivered during 2005:
-- Positive stockholders equity first time ever -- Revenue increased 84% to $1.3 Million -- EBITDA Improved by $433,738 -- Cash Position Increased by $795,130 -- Assets increased by $1,647,089 -- SG&A Decreased by $424,274 -- Net Operating Loss drops $331,117
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "2005 was a solid transitional year for our Company. FTS exited 2005 with improved year-over-year operating results. We closed the acquisition of See World Satellites, Inc. on the first business day of the new year and positioned the Company for significant growth in 2006. FTS is now poised to post the first profit in the history of the Company when we release our Q1 results shortly." Gallagher continued, "Our entire team worked very hard during the first quarter as we completed Two-years of audited financials for See World and our form 10K for FTS. With the audits now out of the way we expect to file our first quarter form 10Q by or before the May 15th deadline."
FTS is currently engaged in negotiations with several profitable privately held organizations seeking to be acquired. For additional information sign up for e-mail alerts at www.FTSGroup.TV. To review the Companies full audited results please go to www.SEC.gov or click the investor link at www.FTSGroup.TV.
About FTS Group, Inc.
FTS Group, Inc. (OTC BB: 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.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2005 and in other filings with the Securities and Exchange Commission and www.SEC.gov.
Contact: FTS Group, Inc. Scott Gallagher CEO (215) 688-2355 FTSGroup@aol.com
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