OLDSMAR, FL--(MARKET WIRE)--Jun 26, 2008 -- FTS Group, Inc. (OTC BB:FLIPE.OB - News), an acquisition and development Company focused on acquiring, developing and investing-in cash flow positive businesses and viable business ventures, today announced that its wholly owned subsidiary OTG Technologies Group, Inc. has completed the initial phase of a potential Multi-Year, Multi-Million deal.

FTS Chairman and CEO Scott Gallagher commented, "OTG has completed the first phase of a technology project potentially worth Millions to the Company over the coming years. The initial transaction was valued at approximately $150,000. The client is a leader in the entertainment and media industry with assets in 38 countries and has been working with OTG on the project for some time now." Gallagher continued, "We're working hard to complete the integration of the assets we acquired earlier this year. Upon completion of the integration process we'll be announcing our financial projections for the remainder of 2008 and our expectations for the full year of 2009."