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Revver Teams with Verizon Wireless to Bring Best User Generated Content to V CAST and UTStarcom Announces Contract with Maxim Telecom to Target Pakist

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Revver, Inc., (www.revver.com) the first marketplace for viral videos, recently announced it will provide its user-generated and copyright-friendly video content directly to the mobile phones of Verizon Wireless V CAST subscribers. As part of the agreement, beginning in early December, Revver videos will be available to Verizon Wireless' customers with V CAST-enabled handsets, including the Chocolate (LG VX8500) and MOTOKRZR K1m. Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE:VOD). French telecom equipment maker Alcatel SA and Lucent Technologies Inc. (NYSE:LU) said Monday they have amended their joint consent solicitation prospectus. Under the amended terms, Lucent will pay a one-time consent fee only to holders of its 2.75 percent series A convertible senior debentures due 2023 and 2.75 percent series B convertible senior debentures due 2025, who consent to the terms of the joint consent solicitation.

UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, recently announced a distribution contract with Maxim Telecom to meet the demand of the growing fixed and mobile markets in Pakistan. "The Pakistan communications market has experienced dramatic growth over recent years and continues to grow rapidly with mobile density now in excess of 25 percent," said Youssef Kassissia, vice president of the EMEA region at UTStarcom. FTS Group, Inc. (OTC BB:FLIP) an acquisition and development Company, recently announced record revenue and profits for the three and nine months ended September 30, 2006. Below are some of the highlighted results achieved during the first nine months of 2006: Revenue for the nine months ended September 30, 2006 was a record $4,912,254. Net Income for the nine months ended September 30, 2006 was a record $131,669.

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