TAMPA, FL--(MARKET WIRE)--Jan 23, 2008 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), a publicly traded acquisition and development Company operating in the Wireless, Internet and Technology industries today announced the launch of a new online wireless business www.CellChannel.com.

FTS Group Chairman and CEO Scott Gallagher commented, "With the launch of www.CellChannel.com we have created yet another tool to provide ongoing value to the thousands of customers that have been served by FTS Wireless locations since 2003. In addition, the site opens a new high margin online business that we feel over the long term will provide substantial increases in profit margins. We continue to add new products to the site daily and expect Internet operations to play a much bigger role in the future success of FTS Wireless." Gallagher went on to state, "We are proceeding forward with our plans to initiate a spin-off/liquidity event that results in FTS Wireless becoming a stand alone publicly traded Company. Based on recent discussions with our attorney we expect to be in position to begin the process in the coming weeks."