FTS Group, Inc. (FLIP.OB) Closes Their Largest Acquisition to Date; 2008 Revenue Expectations to Push $32 Million
FTS Group, Inc. (OTCBB: FLIP) has closed on their largest acquisition to date. FTS announced that it has purchased a large Canadian based IT solutions provider. The company expects to generate up to $32 million in revenue and create cash flow close to $2 million in 2008. FTS Chairman and CEO Scott Gallagher stated, "Today is an exciting day for our Company and its stockholders. Since I acquired control of FTS in 2002 when sales were zero, my goal has been to build a profitable, sustainable high growth Company, pay-off our debt and create wealth for our partners which are…