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FLIP -- FTS Group, Inc.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

FTS Group Reduces Debt by $250,000 With Cash From Operations


Company Expects to Report Q2 Results on August 15th

TAMPA, FL, Jul 17, 2006 (MARKET WIRE via COMTEX) -- FTS Group, Inc. (OTCBB: FLIP) today announced that it expects to report its second quarter operating results after the market close on Tuesday August 15th. The Company also announced today that it has reduced its debt by $250,000 using cash generated from operations.
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "Our operating business performed very well during the first half of 2006 allowing us to use cash from operations to reduce our debt. As we move into the second half of the year we expect our operating businesses to benefit from the launch of new products such as amp'd mobile, ESPN Mobile and the launch of expanded HD television services in our core markets. We also plan to make additional debt payments using cash from operations during the second half of 06 as we seek to achieve our goal of reducing our debt by at least 50% during fiscal 2006."

About FTS Group, Inc.

FTS Group, Inc. (OTCBB: 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.

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 un