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Market Cap: 676.27K
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FTS Group Subsidiary OTG Technologies Completes Initial Phase of Potential Multi-Million Dollar Deal
Thursday June 26, 9:28 am ET
OLDSMAR, FL--(MARKET WIRE)--Jun 26, 2008 -- FTS Group, Inc. (OTC BB:FLIPE.OB - News), an acquisition and development Company focused on acquiring, developing and investing-in cash flow positive businesses and viable business ventures, today announced that its wholly owned subsidiary OTG Technologies Group, Inc. has completed the initial phase of a potential Multi-Year, Multi-Million deal.
FTS Chairman and CEO Scott Gallagher commented, "OTG has completed the first phase of a technology project potentially worth Millions to the Company over the coming years. The initial transaction was valued at approximately $150,000. The client is a leader in the entertainment and media industry with assets in 38 countries and has been working with OTG on the project for some time now." Gallagher continued, "We're working hard to complete the integration of the assets we acquired earlier this year. Upon completion of the integration process we'll be announcing our financial projections for the remainder of 2008 and our expectations for the full year of 2009."
About FTS Group, Inc.
FTS Group, Inc. (OTC BB:FLIPE.OB - News) 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. 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 and at www.FTSGroup.com.
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 uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Contact:
FTS Group, Inc.
Contact:
http://www.FTSGroup.com
Scott Gallagher
CEO
727-417-7807
Email Contact
--------------------------------------------------
Source: FTS Group, Inc.
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Das wird das beste Jahr für FLIP und der Kurs wird nachziehen.
FTS Group Closes Largest Acquisition in Its 10-Year History; Company Expects 2008 Revenue of Between $30 to $32 Million; Expects to Generate 2008 Cash-Flow of $1.5 to $2 Million
Tuesday March 18, 7:00 am ET
Company Forms New Subsidiary OTG Technologies Group, Inc. to Facilitate Acquisition
TAMPA, FL--(MARKET WIRE)--Mar 18, 2008 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), an acquisition and development Company with over $7 Million in annual sales, today announced that it has closed the non-dilutive asset purchase of roughly the 26th largest Canadian Based IT solutions provider for $4 Million in debt assumption and note issuances, no shares either common or preferred were issued.
FTS Chairman and CEO Scott Gallagher commented, "Today is an exciting day for our Company and its stockholders. Since I acquired control of FTS in 2002 when sales were zero, my goal has been to build a profitable, sustainable high growth Company, pay-off our debt and create wealth for our partners which are our stockholders. Today we take a huge step forward in that process by acquiring the 26th largest IT solutions provider in Canada." Gallagher went on to say, "We also today announce the appointment of David Rasmussen, an officer and director of FTS Group, as the new Chairman and CEO of OTG Technologies Group, Inc. Dave's leadership, contacts and career experience in the IT field while at GE and other leading Fortune 500 Companies will be an invaluable asset to the future growth of the new Company."
OTG Technologies Group, Inc. Chairman and CEO and FTS COO David Rasmussen commented, "This is a very exciting time and opportunity for FTS Group and the shareholders of FTS stock. As we continue to execute on our overall strategy, this acquisition will be integral in helping establish FTS as a key player in the technology space and allow for us to realize one of our key successes of providing shareholder value. This acquisition will also allow us to continue to build a company that will be in a solid position for future growth." Rasmussen continued, "I am very pleased to have been selected by Scott to lead this venture. Since we began due diligence on OTG I have been getting more excited about the opportunities that it will bring to FTS and its shareholders. There is a very strong team in place at OTG which will allow for future growth and provide excellent service to its client base."
Gallagher continued, "In addition to today's acquisition announcement we're nearing completion of the liquidity event transaction between our Internet Company Elysium Internet, Inc. and publicly traded US Biodefense, Inc. (OTC BB:USBF.OB - News). I firmly believe this transaction will, at a minimum, double our stockholders' equity and dramatically increase shareholder value. We expect Elysium to capitalize on the huge opportunity in the direct navigation/Internet media space by accelerating the development of its valuable domain portfolio as a stand alone public Company."
About FTS Group, Inc.
FTS Group, Inc. (www.FTSGroup.com) (OTC BB:FLIP.OB - News) 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 Elysium Internet, 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.
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 uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Contact:
Contact:
FTS Group, Inc.
http://www.FTSGroup.com
Scott Gallagher
CEO
727-417-7807
Thursday March 27, 7:00 am ET
TAMPA, FL--(MARKET WIRE)--Mar 27, 2008 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), an acquisition and development Company generating over $7 Million in sales during 2007, today announced that it will host a stockholder conference call next Thursday, April 3, after the market close. Call in details will be disclosed next week. Investors are urged to e-mail questions they would like to be addressed on the call to FTSGroup@aol.com.
FTS CEO Scott Gallagher commented, "It appears for some reason the market and investors do not fully understand the effects of the two recent transactions closed by FTS Group. First the OTG deal. We formed OTG Technologies Group, Inc., a wholly owned subsidiary of FTS Group, Inc. to operate and develop the assets we acquired from On the Go Healthcare, Inc. dba On the Go Technologies. These assets make up an IT Solutions provider that generates roughly $23 to $26 Million in annual sales. The Company generates gross profit margins in the range of 18% to 21%. We did not acquire the corporate overhead and management team of the public Company, On The Go Healthcare, Inc. Our financial modeling and projections are based on the new business being properly funded and a dramatic reduction in fixed operating costs. If we're successful in executing our plans the business should cash flow between $1.5 and $2 Million annually."
Gallagher continued, "With regards to the Elysium transaction, we sold our Internet Company Elysium Internet, Inc. to US Biodefense in exchange for a $1.5 Million Note and non dilutive preferred stock that convert into 60% of the issued and outstanding shares subject to certain restrictions. FTS immediately acquired significant assets expected to double stockholder value, the proceeds from the note will accelerate our convertible debt reduction plans. From a business perspective, Elysium now has the tools to build the Company from a start-up formed last July into a significant player in the Internet Media/Directory space. Both of these transactions will unequivocally have a positive impact going forward on the underlying value of FTS Group shares. And just to reiterate, we have no plans and will not effect a reverse stock split for any reason during 2008. My original shares were bought back in 2002 and were purchased for cash at $.03 a share, I own shares at $.20 as well so I feel the current market pain of our stockholders. Our current valuation is closer to that of an empty shell than a cash flow positive $30 Million Company. In the long run savvy investors taking advantage of the recent share decline should be very well rewarded. I plan to make additional open market purchases of FTS common stock after we come out of the current black out period. I look forward to further discussing the exciting opportunities these recent deals offer our Company and its stockholders on next weeks call."
About FTS Group, Inc.
FTS Group, Inc. (www.FTSGroup.com) (OTC BB:FLIP.OB - News) 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 Elysium Internet, 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.
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 uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Contact:
Contact:
FTS Group, Inc.
http://www.FTSGroup.com
Scott Gallagher
CEO
727-417-7807
Email Contact
--------------------------------------------------
Source: FTS GROUP, INC.
Wednesday April 16, 9:47 am ET
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."
A replay of the recent shareholder conference call is available at www.FTSGroup.com.
About FTS Group, Inc.
FTS Group, Inc. (OTC BB:FLIP.OB - News) 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.
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 uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Contact:
FTS Group, Inc.
Contact:
http://www.FTSGroup.com
Scott Gallagher
CEO
727-417-7807
Email Contact
--------------------------------------------------
Source: FTS Group, Inc.
FTS hält eine 90% Beteiligung an einer neuen Technologie, die 100 millionen USD an Umsatz bringt
FTS Group Signs Binding Letter of Intent to Acquire Patent-Pending Cellular Phone Translator Technology
Thursday October 18, 7:00 am ET
Revolutionary Technology Is Expected to Break Language Barriers in Wireless Communications Industry
TAMPA, FL--(MARKET WIRE)--Oct 18, 2007 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), an acquisition and development Company operating in the Internet, Wireless and Technology space, today announced that it signed a binding letter of intent to acquire a patent-pending cell phone translator technology that it believes will transform the wireless communications Industry.
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "It's an exciting day at FTS as we've announced today the signing of a binding letter of intent to acquire a revolutionary patent-pending cellular phone translator technology. The technology acquisition is scheduled to close within 14 days. Once the deal is closed, we'll immediately begin developing the prototype; when complete, the patent-pending technology will allow cellular phone users to communicate in real time in any language. The new technology allows cellular phone users to have a conversation with someone in real time that speaks another language, meaning that a user who can only speak in Spanish can have a real time cell phone conversation with a user that only speaks English; the technology converts the signal so each user hears the conversation in the language of their choice." Gallagher continued, "The patent-pending cell phone translator technology, when fully developed and deployed, has the potential to penetrate markets globally and is what we believe to be a revenue opportunity in the coming years of well over $100 million annually in the US alone, not to mention the opportunity in the European and Asian markets."