-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fltm3rzHbwn3u9dqerRmfJqx29DUjUCVAxlhyB7FDcNjckJyHYy0Be8UcR+ScSwn yzPFBlTfNAxbLZVNCXgI7Q== 0001231742-05-000330.txt : 20050607 0001231742-05-000330.hdr.sgml : 20050607 20050607113251 ACCESSION NUMBER: 0001231742-05-000330 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050607 DATE AS OF CHANGE: 20050607 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FTS GROUP, INC. CENTRAL INDEX KEY: 0001062663 STANDARD INDUSTRIAL CLASSIFICATION: KNIT OUTERWEAR MILLS [2253] IRS NUMBER: 841416864 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58551 FILM NUMBER: 05882138 BUSINESS ADDRESS: STREET 1: ONE OXFORD VALLEY STREET 2: SUITE 810 CITY: LANGHORNE STATE: PA ZIP: 19047 BUSINESS PHONE: 215-741-5883 MAIL ADDRESS: STREET 1: ONE OXFORD VALLEY STREET 2: SUITE 810 CITY: LANGHORNE STATE: PA ZIP: 19047 FORMER COMPANY: FORMER CONFORMED NAME: FTS APPAREL INC DATE OF NAME CHANGE: 20001114 FORMER COMPANY: FORMER CONFORMED NAME: FULL TILT SPORTS INC DATE OF NAME CHANGE: 19980729 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GALLAGHER SCOTT CENTRAL INDEX KEY: 0001166846 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE OXFORD VALLEY STREET 2: STE 810 CITY: LANGHORNE STATE: PA ZIP: 19047 BUSINESS PHONE: 2157415883 MAIL ADDRESS: STREET 1: 10496 OXFORD VALLEY RD CITY: LEVITTEWIC STATE: PA ZIP: 19057 SC 13D/A 1 doc1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 FTS Group, Inc. ---------------------------- (Name of Company) Common Stock, $.001 par value per share ---------------------------------------- (Title of Class of Securities) 30266R 106 -------------- (CUSIP Number) Scott Gallagher Chief Executive Officer FTS Group, Inc. 7610 West Hillsborough Ave. Tampa, Florida 33615 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 1, 2005 -------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box _____. CUSIP No. 30266R 106 ------------------------- 1 Name of Reporting Person Scott Gallagher 2 Check the Appropriate Box if a Member of a Group a ------ b ------ 3 SEC USE ONLY 4 Source of Funds * OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power: 6,631,451 8 Shared Voting Power: -0- 9 Sole Dispositive Power: 6,631,451 10 Shared Dispositive Power: -0- 11 Aggregate Amount Beneficially Owned by Each Reporting Person: 6,631,451 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11): 12% 14 Type of Reporting Person: IN ITEM 1: SECURITY AND COMPANY This Schedule relates to the acquisition of beneficial ownership of Common Stock, $.001 par value per share, of FTS Group, Inc. (hereinafter the "Company"), whose principal place of business is located at 7610 West Hillsborough Ave., Tampa, Florida 33615. ITEM 2: IDENTITY AND BACKGROUND OF REPORTING PERSON a. Name - Scott Gallagher b. Address - 7610 West Hillsborough Ave., Tampa, Florida 33615. c. Occupation- Mr. Gallagher is the Chairman of the Board and Chief Executive Officer of the Company located at the address above. d. During the past five years, Mr. Gallagher has not been convicted in any criminal proceeding. e. During the past five years, Mr. Gallagher has not been a party to a civil proceeding before a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violation of, prohibiting or mandating activities subject to, Federal or state securities laws. f. Mr. Gallagher is a citizen of the United States of America. Item 3: SOURCE OF FUNDS OR OTHER CONSIDERATION Mr. Gallagher received 625,000 shares of restricted common stock relating to a $125,000 loan agreement entered into with the Company. Mr. Gallagher also purchased 165,000 common shares in the open market at prices ranging from $.08 to $.10 per share. Item 4: PURPOSE OF TRANSACTION Mr. Gallagher received 625,000 as part of a loan agreement with the Company. Mr. Gallagher purchased 165,000 shares in the open market at prices from $.08 to $.10 per share. ITEM 5: INTEREST IN SECURITIES OF THE COMPANY a. As of the date of the filing of this Schedule, the Reporting Person is deemed to beneficially own 6,631,451 shares of common stock of the Company. b. The Reporting Person has the sole power to vote and dispose of 6,631,451 shares of common stock of the Company. ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE COMPANY N/A ITEM 7: MATERIAL TO BE FILED AS EXHIBITS SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, correct and complete. /s/ Scott Gallagher Date: June 7, 2005 - ---------------------- ----------------- Scott Gallagher Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----