FTS Wireless Announces Deal with AirVoice Wireless.Business Editors/High-Tech Writers YARDLEY, Pa.--(BUSINESS WIRE)--April 16, 2003 FTS FTS facteur thymique sérique. Wireless, Inc., (FTSW) a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of FTS Apparel, Inc. (FTS) - (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FLIP) announced today that it has finalized an agreement with Michigan based AirVoice Wireless (AVW AVW Avalanche Warning ) whereby FTSW will be first to market AVW prepaid cellular products and services in the Florida Gulf Coast Market. The agreement allows FTSW to sell AVW products direct to retail, as well as wholesale to FTSW's retail competitors in this sizeable local market of approximately 3 million consumers. Industry research firm Atlantic-ACM forecasts that the prepaid wireless segment will grow from $4.4 billion in 2003 to $9.5 billion in 2007. Scott Gallagher, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FTS, commented, "We are excited to have an agreement in place with AirVoice Wireless which will allow us to broaden our product line as we pursue our mission of becoming a diversified wireless communications company." He added "Customers can purchase prepaid calling cards in several denominations as an alternative to a contractual minimum monthly commitment. This service is available to consumers who currently own digital prepaid cell phones, wish to reactivate re·ac·ti·vate v. 1. To make active again. 2. To restore the ability to function or the effectiveness of. re·ac an old phone or purchase a new cellular phone. Gross profit margins from this market segment are expected to exceed 65%." FTS has an Investor Conference Call scheduled today at 4:15 pm EST EST electroshock therapy. EST abbr. electroshock therapy . Interested parties may access the conference call by dialing 1-888-482-0024. The participant code will be: 37176664. If you would like a question answered during the call, please send it via e-mail to: ir@ftswireless.com at least 60 minutes prior to the call. The call will be available free of charge on www.wallstreetaudio.com within 30 minutes of concluding the conference call. About FTS Wireless, Inc. Tampa based FTS Wireless, Inc. (FTSW) is a wholly-owned subsidiary of FTS Apparel, Inc. of Yardley, Pa. (currently pending its name change to "The FTS Group") FTSW markets wireless products and services in the Florida Gulf Coast market and world-wide through its wholly-owned website at www.CellularDeals.com. For additional information about FTS Apparel, Inc or any of its subsidiaries, please review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov. About AirVoice Wireless AirVoice Wireless (AVW) is a privately held leading provider of Nationwide Prepaid Cellular Service and associated support products. Established in 1999, AVW currently has over 1,000 resellers distributing and selling products throughout Florida, San Diego, Los Angeles, Phoenix, Nevada and Michigan. Additional information about AirVoice Wireless is available at the company web site www.AirVoiceWireless.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings on Forms 10-Q and 10-K. |
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