New Issue: FTS closes $1.16 million private placement of stock

By Sheri Kasprzak

Atlanta, March 24 - FTS Group Inc. has wrapped a private placement of stock for $1,159,500.

The company sold 14,493,750 shares at $0.08 each.

The investors also received series A warrants for 14,493,750 shares at $0.12 each for three years and series B warrants for 14,493,750 shares at $0.08 each. The series B warrants expire 180 days after the registration statement is declared effective.

Based in Tampa, Fla., FTS Group markets wireless and prepaid wireless services.

Issuer:	FTS Group Inc.
Issue:	Stock
Amount:	$1,159,500
Shares:	14,493,750
Price:	$0.08
Warrants:	Series A warrants for 14,493,750 shares; series B warrants for 14,493,750 shares
Warrant expiration:	Series A warrants for three years; series B warrants for 180 days after registration statement is effective
Warrant strike price:	Series A warrants for $0.12; series B warrants for $0.08
Settlement date:	March 4
Stock price:	$0.14 at close March 4

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