WOW!!!!!!!! FCM is even going across my Web$treet news ticker!! We are now @ 3 7/16 on 964.7K traded.
Franklin Telecom 10K Shows 672% Growth in Revenues; Sales Top Ten
<FCM.A>
Franklin Telecom 10K Shows 672% Growth
in Revenues; Sales Top Ten Million for Year
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Sept. 16, 1999--
Franklin Telecom (AMEX:FCM) has filed its 10K with the SEC for the
year ended June 30, 1999. Net sales increased by $9,254,000 or 672%
from $1,377,000 in the year ended June 30, 1998 to $10,631,000 in the
year ended June 30, 1999.
In addition, this year had a net loss of $2,413,000 as compared
to last year's $4,507,000, for a reduction in losses of 46%.
According to Franklin President Peter Buswell, the increased
revenues are primarily due to a dramatic boost in hardware sales.
Franklin manufactures a full line of hardware and software which
enables Voice over Internet Protocol (VoIP) applications, including a
family of Data Voice Gateways (DVG's) which range from 2 to 96 ports.
Franklin Chairman & CEO Frank Peters stated, "The market for VoIP
is coming of age. Our hardware sales reflect this. We are pleased to
note that FNet Corp., our Next Generation Telco subsidiary, also
experienced significant growth in service revenues. We have discovered
that our hardware sales often engender service revenues, as well, when
the purchasers of our DVG products choose to connect to the FNet
network and/or run their off-net minutes through the Harris 20/20
switch in our Network Operations Center."
Peters went on to say, "We have two especially exciting products
headed for market before the end of the calendar year: the Breeze(TM)
offers a 2 port Gateway with a built-in router which brings IP
connectivity to your desktop in a sleek little unit smaller than a
typical modem box. The Carrier Class Typhoon(R) at the other end of
our product spectrum, packs 96 ports into a 3 1/2 inch chassis. The
Typhoon, in contrast to most competitors, is single-board based while
retaining compatibility to current and projected industry standards.
Like all of our Data Voice Gateways, the Typhoon is Linux based. All
Franklin IP products have full compatibility with each other, allowing
for ease in upgrades and expansion."
Peters continued, "The last year has seen Franklin establish a
foothold in the growing VoIP market. The addition of the Breeze and
Typhoon to our hardware arsenal gives us well-founded reason to expect
continued growth."
About Franklin Telecom
The primary business of Franklin Telecom is the design and
manufacturing of hardware and software solutions which enable superior
quality Voice over Internet Protocol applications.
Certain statements in this press release constitute
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance, or achievements of the Company to be materially
different from any future results, performance or achievements,
expressed or implied by such forward-looking statements.
For additional information about this Company, visit the
Officer's Message page at Franklin's Web Site:
www.ftel.com - for Internet Telephony & Franklin's Next Generation
Telephone Equipment.
www.fnet.net - for Internet Telephony Next Generation Telephone
Service.
www.franklin.net - for Internet Services, E-Commerce and Access.
--30--mi/sf* kwp/la
CONTACT: Franklin Telecom
Helen West, 805/373-8688
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