FTS Group, Inc., a publicly traded acquisition and development company with sizable investments within the Internet, wireless, and technology space, recently announced that its wholly owned subsidiary Elysium Internet, Inc. has successfully accomplished the first stage of its domain monetization program.

Elysium, a next generation Internet advertising company, was able to convert 200 domain names into profitable Web sites in close collaboration with Parked.com, a turnkey Internet advertising firm, which also acted as its domain monetization channel partner.

The company expects to convert another 200 domains into revenue yielding websites by September 15, 2007. It plans to render nearly 500 sites functional by the end of the same month.

Scott Gallagher, CEO of FTS and Elysium, stated, “We’re pleased to announce that we have successfully integrated our health and therapy directories to our servers and are experiencing strong sign-up and renewal rates. We’ve also completed the first phase of our domain monetization program by launching 200 of our domains through our channel partner Parked.com.”

“With the strongest quarter of the year for Internet advertising just around the corner it’s important for us to get as many domains monetized as soon as possible. The 200 sites will begin generating advertising revenue immediately. We should exit the third quarter with approximately 500 monetized and growing,” Gallagher concluded.

Rahul Prabhakar is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.