Navigation Links
On The Go Healthcare Sells VAR Business to Wireless and Internet Space Development Leader FTS Group

CONCORD, Ontario, March 18 /PRNewswire-FirstCall/ -- On The Go Healthcare, Inc. (OTC Bulletin Board: OGOH; 'OTG' 'the Company'), a leading multi-industry computer hardware, software and systems integrator, announced today that after more than four industry award-winning and revenue-rich years, the Company has sold its Value Added Reseller ('VAR') business unit to Tampa, FL based FTS Group (OTC Bulletin Board: FLIP). The terms of the sale, in the amount of $4 Million, consist of the assumption of OTG supplier debt as well as a Note receivable from FTS.

During the next 90 day period, On The Go intends to clear its Accounts Receivable line with Laurus Funds in full from the collection of all its corporate receivables, and eliminate all other outstanding debt obligations, re-establishing the Company as debt-free. On The Go will be moving forward in a new business venture, to be announced at a later date as the business plan is more fully developed.

Since 2002, FTS Group has been focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures, primarily those in the technology, wireless and Internet space. The Company functions as a holding Company and has built its revenue stream during this period from just over $100K in 2003 to over $7 Million in 2007. FTS generates revenue through its three wholly owned subsidiaries; See World Satellites, inc., Elysium Internet, Inc. and FTS Wireless, Inc. The Company has formed a new subsidiary Company called OTG Technologies Group, Inc. to facilitate the asset purchase. Additionally FTS Group has named its current COO and director Mr. David Rasmussen to lead up the new venture. Effective immediately Dave will become the Chairman and CEO of OTG Technologies Group, Inc.

The sale is of mutual benefit. Since October, 2003, On The Go has built a business that has grown substantially in product offering, customer service that has been consistently and widely acknowledged by the IT industry, and year-over-year revenue. The transition will not only allow the Company to build another business platform as strongly and as effectively as that of OTG, but do so with a higher-margined product focus and in a debt-free fashion. In turn, FTS Group is able to provide the existing hardware and software solution packages ample US distribution -- via its strategic partnerships -- a geographical and professional market that OTG has worked diligently to establish, particularly in the healthcare diagnostic arena.

OTG CEO Stuart Turk commented, "On The Go, its business directive and strength of growth over the past number of years, has brought me and my team much satisfaction. We learned and haven taken a great deal of acumen away with us ... and it's that which we plan to instill into the new business venture. We look forward to re-launching with a clean slate, and a solid new opportunity for strong shareholder appreciation."

FTS Group CEO Scott Gallagher added, "I've watched Stuart Turk build OTG into an IT powerhouse over recent years in what has been at times a very trying environment for micro-cap public Companies both from a funding and regulatory perspective. We plan to build on the tremendous team and overall organization Stuart has put together to create a high growth, profitable, multinational IT Company." Gallagher continued, "Dave's career experience in the IT space at GE and other leading fortune 500 Companies will be an invaluable asset to the future growth of the new Company. Together with the experienced team I'm confident OTG will become the successful, profitable Company we all want it to be.

About FTS Group, Inc.

FTS Group, Inc. (OTC Bulletin Board: FLIP) is a publicly traded acquisition and development Company focused on acquiring, developing and investing in cash flow positive businesses and viable business ventures primarily those in the Technology, Wireless and Internet space. The Company generates revenue through its three wholly owned subsidiaries; See World Satellites, Inc., FTS Wireless, Inc. and Elysium Internet, Inc. For additional information about FTS Group, Inc. or any of its wholly owned subsidiaries please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at or contact the Company at the e-mail or phone number below.

About On The Go Technologies Group

On The Go Technologies Group is a North American corporation focused on acquiring versatile and profitable companies in the IT sector. OTG and its divisions: OTG Enterprise, catering to Fortune 1000 and SME clientele and vendors such as HP, Apple, IBM, Viatronix, Extreme Networks and Adobe; OTG Digital Media & OTG Creative, prominent systems integrators in the U.S. and Canadian digital entertainment industry; OTG Healthcare, compiling digital solutions and networks for the diagnostic medical community; OTG Research, providing solutions to the education, funding and research communities; and in-house multimedia studio Go Motion + Design, have established themselves as a respected and sought after industry competitors. The Company's intention is to maintain sustained growth in the years to come via continued organic development in its existing divisions and an aggressive acquisition schedule.

For more information, visit or

To view a company profile, visit . To be added to On The Go Technologies Group's e-mail list for company news, visit .

This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as "expects," "believes," "anticipates" and "intends." Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company's ability to finance its planned expansion efforts; the company's ability to manage its planned growth; and changes in regulations affecting the company's business and such other risks disclosed from time to time in the company's reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

Investor Relations Contact Information

Al Kau

(888) 795-3166 (California)

FTS Group, Inc.


Scott Gallagher, CEO

(727) 417-7807

SOURCE On The Go Technologies Group; FTS Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. New Healthcare Study Outlines Strategies to Increase Adoption of Home Health Monitoring Technologies
2. Perot Systems and ChinaSoft to Pursue Chinese Healthcare Opportunities
3. Cardinal Health, GE Healthcare Broaden Relationship to Offer Greater Access to Myoview(TM) Imaging Agent
4. Transition Therapeutics to Present at Cowen & Company 28th Annual Healthcare Conference
5. Covance to Present at Lehman Brothers 11th Annual Global Healthcare Conference
6. Unions Successful in Targeting Healthcare Industry
7. Country Music Star Troy Gentry Partners With National Non-Profit Patient Advocate Foundation to Spread the Message About Challenges to Healthcare Access for Insured and Uninsured Americans
8. Hologic to Present at Lehman Brothers Healthcare Conference
9. Bristol-Myers Squibb to Present at Healthcare Conferences
10. West Pharmaceutical Services to Present at the Lehman Brothers Eleventh Annual Global Healthcare Conference
11. Exelixis Announces March 19 Webcast of Presentation at the Lehman Brothers Annual Global Healthcare Conference
Post Your Comments:
(Date:11/25/2015)... ... November 26, 2015 , ... Ministers, senior government and UN ... African Centres of Excellence, and public R&D institutions, civil societies and other partners ... the 5th African Network for Drugs and Diagnostics Innovation, ANDI, Stakeholders Meeting. The ...
(Date:11/25/2015)... , ... November 25, 2015 , ... According to an ... robot is being more and more widely heralded as a breakthrough for performing hernia ... method has over traditional laparoscopic surgery is that it can greatly reduce the pain ...
(Date:11/25/2015)... ... 2015 , ... On November 25, 2015, officials of Narconon Arrowhead , ... release of a new cutting edge recovery program that has been 50 years in ... and alcohol-addicted individuals with the purpose to free addicts from the symptoms and negative ...
(Date:11/25/2015)... ... ... On November 23rd 2015 Cozy Products, a division of Bird-X ... Products explains what this means for business moving forward. , The Tri Lite heater ... model: to sell personal heaters that reduce energy consumption, are economical and keep people ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... Beddit® has ... Beddit Classic sleep tracking systems. The new app features a more intuitive SleepScoreā„¢ that ... understand how well you slept. The SleepScore is created by a proprietary algorithm. Beddit ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... SYDNEY , Nov. 26, 2015  The total global ... nearly 7% over 2015-2016. Latin America ... Asia , (excluding Japan ), is ... continues to face increased healthcare expenditure. In 2013-2014, ... expenditure declined from 43.5% in 2008-2009 to 41.2% in 2013-2014. ...
(Date:11/25/2015)... Nov. 25, 2015 On Tuesday, November ... bellwether trial against Wright Medical Technology, Inc. for ... Conserve metal-on-metal hip implant device, awarded $11 million ... two week trial and three days of deliberations, ... device was defectively designed and unreasonably dangerous, and ...
(Date:11/25/2015)... 25, 2015  Trovagene, Inc. (NASDAQ: TROV ), ... Chief Executive Officer Antonius Schuh, Ph.D., is scheduled to ... Annual Piper Jaffray Healthcare Conference. th ... Palace Hotel in New York ... Mr. Schuh will be available for one-on-one meetings during ...
Breaking Medicine Technology: