Company Acquires Exclusive North American Distribution Rights to Portfolio of Mobile Games
TAMPA, FL--(MARKET WIRE)--Nov 15, 2005 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), a publicly traded holding company operating in the wireless industry through its wholly owned subsidiary FTS Wireless, Inc., today announced that it has acquired a 40% stake in Bucharest, Romania-based mobile game developer Maxim Software SRL.
FTS CEO Scott Gallagher stated, "Today's announcement is, in my opinion, a very important one for FTS. The partnership with Maxim takes FTS from a distributor of third party products to a distributor of proprietary mobile products and content thereby opening up new markets and revenue streams." Gallagher went on to say, "The relationship allows us to leverage our existing customer base and increase sales and earnings by marketing proprietary products such as mobile games, ring-tones and content. We have several projects under development with Maxim and expect to begin generating revenue in the first quarter of 2006."
Maxim Software SRL is a mobile game and content developer based in Bucharest, Romania. The principals of Maxim have developed mobile games for Sony Digital Pictures, Game Loft and titles such as Dracula's Castle which will be marketed by FTS in the U.S. and Canada.
About FTS Group, Inc.
FTS Group, Inc. (OTC BB:FLIP.OB - News) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiary FTS Wireless, Inc. The Company operates eight retail wireless locations in Florida's Gulf Coast market and Globally over the Internet through its web site www.CellChannel.com and www.FTSWireless.com. For additional information about FTS Group or FTS Wireless please review the Companies quarterly and annual filings with the Securities and Exchange Commission at 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, 2004 and in other filings with the Securities and Exchange Commission and www.SEC.gov.