PennyMaker |
Jul 20th, 2006 12:34 |
flip.ob
TAMPA, FL--(MARKET WIRE)--Jul 19, 2006 -- FTS Group, Inc. (OTC BB:FLIP.OB - News) today announced preliminary six month revenue of $3,079,686 for the period ending June 30, 2006 versus 2005 six month revenue of $650,700. FTS also expects to report its second consecutive profitable quarter for the period ending June 30, 2006 versus a loss of ($962,042) for the period ending June 30, 2005. FTS expects to report its full financial results after the market close on August 15th, 2006.
FTS Group CEO Scott Gallagher stated, "We've completed another strong quarter with record operating results. New product launches by several wireless carriers and the launch of expanded High Definition services from DISH Networks should lead to an even stronger second half of 2006." Gallagher went on to say, "We continue to seek accretive acquisition targets as well as pursue organic growth opportunities."
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