FTS
Wireless (FLIP)
During the third quarter
FTS grew wireless activation levels by more than 100% when compared to the
second quarter of 2004. For the first 9 months of 2004 FTS grew top line revenue
by 1185% from $43,111 in 2003 to $510,991
For the Full Profile on FLIP please visit http://www.smallcapreview.com/flip.htm
Approximate
Shares Outstanding: 31.4M
Market
Cap: $4.72M
Recent
Price: $0.15
Website:
www.FTSWireless.com
FLIP
Highlights
- Currently operates nine
retail wireless locations in addition to its
e-commerce sites.
- Reduced convertible debt
by approx. $400,000 in 2004 and anticipates
eliminating it entirely during the first quarter of
'05.
- Increased top-line
revenue by more then five times during just the first
9-months of 2004.
- FTS has closed an
acquisition or opened a new location for 8 consecutive
quarters dating all the way back to the first quarter
of 2003.
- Announced record sales
of new Cingular Wireless products and services for the
month of January.
- Recently announced plans
to begin marketing and selling a prepaid MasterCard
product at all of its locations.
- Announced plans to begin
marketing ALLTEL Wireless products and services
beginning in February.
- Announced plans to begin
distributing SIRIUS Satellite Radio products and
services in February. The company also announced plans
to open a new AirRover Wi-Fi Hot Spot.
- Announced its new
wireless superstore in Tampa, Fl. will open by
February 1st.
- Announced that it has
secured a national distribution agreement with New
Jersey-based mobile content developer MyPhoneFiles.com.
The agreement calls for FTS to private label
MyPhoneFiles.com mobile content including ring tones,
pictures, games etc. The Arc Group recently estimated
the ring tone market alone to be a $3.2 billion dollar
industry during 2003.
- During the third quarter
FTS grew wireless activation levels by more than 100%
when compared to the second quarter of 2004. For the
first 9 months of 2004 FTS grew top line revenue by
1185% from $43,111 in 2003 to $510,991.
- Announced the addition
of Cingular Wireless products and services to its
wireless offering. Cingular recently closed its
previously planned acquisition of AT&T. The deal
created the largest wireless carrier in the United
States with some 46 million subscribers.
- Announced the signing of
an agreement with Philadelphia-based Digital
Communications Warehouse (DCW) allowing FTS to begin
marketing and selling wireless products and services
offered by AT&T Wireless at all of its locations.
- Management??™s business
plan calls for profitability in the latter part of
'05.
- New call center is
scheduled to be up and running in February.
- Projecting an early
February launch of new mobile content site. The new
mobile content site, the wireless superstore and call
center are expected to make significant contributions
to FLIP's 2005 revenue base
- According to J.D. Power,
59% of the U.S. households have a wireless phone
connection. Industry analysts project that penetration
rates will reach 60% to 70% by 2005.
Profile
FTS Wireless Inc., is an
emerging regional operator of nine retail wireless
locations in the Florida Gulf Coast region and the
Philadelphia suburban market. The stores market and sell
next generation wireless products and services as well as
offering Wi-Fi HotSpot's. The Company offers services
and activation from four major carriers (AT&T
Wireless/Cingular, T-Mobile, Sprint, and Nextel) in
addition to others. FLIP
also has marketing rights in several markets located along
the eastern seaboard to sell and distribute cellular
products and services offered by Air Voice Wireless, an
AT&T/Cingular Wireless reseller.
These stores are
predominately located in strip malls with the remainder
either free standing or situated in a kiosk with some of
the locations having been converted into Wi-Fi hotspots by
adding Linksys routers to its existing network. In
addition, FLIP markets and sells products worldwide
through its e-commerce site's www.CellularDeals.com
and www.SatPhoneCenter.com.
Market
According to a recent FCC
survey there were 160.6 million wireless subscribers at
the end of 2003, a 13.3% increase from the end of 2002.
According to J.D. Power, 59% of the U.S. households have a
wireless phone connection. Industry analysts project that
penetration rates will reach 60% to 70% by 2005. FLIP
has increased its activations over 100% for the 3rd
quarter and is now projecting profitability by year end.
Recent
News and Press Releases
FTS
Announces Record Sales of New Cingular Wireless Products
and Services
FTS
Adds Prepaid MasterCard to its Growing Product Offering
FTS
GROUP, INC. Files SEC form 8-K/A, Change in Accountant,
Financial Statements and Exhibits
FTS
Plans to Begin Marketing ALLTEL Wireless Products and
Services
FTS
Wireless Announces Plans to Distribute SIRIUS Satellite
Radio Products and Services
FTS
Wireless Announces Plans to Distribute SIRIUS Satellite
Radio Products and Services
FTS
Discusses 2004 Results and Sets Strategic Initiatives for
Fiscal 2005
For the Full Profile on FLIP please visit http://www.smallcapreview.com/flip.htm
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