FTS Group, Inc.(fka FLIP)

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Form 8-K for FTS GROUP, INC.

On March 18, 2008, together with our wholly-owned subsidiary, OTG Technologies Group, Inc., a Florida corporation, we entered into a binding letter of intent with Metro One Development, Inc., formerly On The Go Healthcare, Inc., wherein we agreed to purchase certain assets of Metro One Development's value-added reseller business unit, dba On The Go Technologies Group. On June 6, 2008, we agreed to amend certain terms of the purchase.

On July 14, 2008, together with our wholly-owned subsidiary OTG Technologies Group, we rescinded the asset purchase agreement intended to transfer the business of On The Go HealthCare, Inc. to us. We notified Metro One Development, Inc. of our rescission and termination of the transaction described above.