FTS Apparel, Inc (OTCBB:FLIP) today announced that the company generated record revenues of $1,092,741 for its third quarter of fiscal 2000, an increase of $971,477 from the comparable period of 1999. The Company's financial condition also improved significantly from fiscal quarter end June 30, 2000, and December 31, 1999. Shareholders' equity increased significantly from year-end to September 30, 2000, from $332,919 to $1,643,712. At September 30, 2000, the company had working capital of $1,238,836, an increase of $929,413 from the prior fiscal year-end. Current assets also increased $1,584,867 from fiscal year-end.