FTS Announces Deal to Acquire SMC Environmental Group, Inc.

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Business Editors/Environmental Writers

FTS Announces Deal to Acquire SMC Environmental Group, Inc.

PENNSYLVANIA, YARDLEY, Oct. 18 -/E-Wire/Business Wire/-- FTS Apparel, Inc. (OTC:FLIP) today announced the signing of a non-binding Letter of Intent to acquire 100% of the common stock of SMC Environmental Group, Inc (SMC).

The deal is expected to close before December 1st 2002.

Pursuant to the terms of the agreement FTS will seek to acquire all of the outstanding shares of SMC Environmental Group, Inc. in a stock transaction resulting in SMC becoming the majority shareholder of the Corporation subject to certain performance related targets.

SMC is a growth oriented, diversified, environmental consulting and services firm based in Litchfield, Connecticut. The company is projecting revenue for fiscal 2002 in the $4.0 to $4.5 million dollar range with assets of approximately $3.0 million.

For fiscal 2003, SMC is projecting revenue in the $7.5 to $8.0 million dollar range with positive cash-flow based on its current contractual backlog of US $17.2 million.

FTS CEO Mr. Scott Gallagher commented "After conducting a thorough review and exhaustive search of many other companies, we are very pleased to enter into this deal with SMC. We feel this acquisition will deliver a solid business to the stockholders of FTS and assist us in maximizing shareholder value."

About FTS Apparel, Inc.

FTS Apparel, Inc. is based in Yardley, Pa and is traded on the over the counter bulletin board under the ticker symbol (NASD:FLIP.OB). The company is in the business of designing and selling high quality designer/casual sportswear and accessories. The company disclosed earlier this year its intent to increase stockholder value through a merger or partnership if possible.

Information about FTS is available at www.FTSApparel.com or in SEC filings at www.sec.gov.

About SMC Environmental

Formed in 1994 and based in Litchfield, Connecticut, SMC Environmental Group Inc. (SMC) is a diversified environmental management, engineering and remediation firm offering a wide range of services to industrial, commercial and public clients. SMC maintains offices in Connecticut, Massachusetts, Georgia, New Jersey and Florida.

Some of SMC's clients include Uniroyal Chemical, Roehr Chemical, Mead Specialty Paper, Connecticut Department of Transportation, and William B. Meyer, Inc. Additional information about SMC is available online at www.SMCEnvironmental.com.

Forward-Looking Statement

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.

Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements.

In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings on Forms 10-Q and 10-K.

Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

FTS Apparel, Inc., Yardley

CEO/Scott Gallagher, 215/369-9979

http://www.FTSApparel.com

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