SW here is the news on FCM from businesswire. I wouldn't think this would require a halt of the stock
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Business Wire FRANKLIN TELECOM RECEIVES $2.1 MILLION ORDER FOR VOICE
OVER THE INTERNET PRODUCTS BUSINESS EDITORS
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 22, 1999--
Franklin Telecom (AMEX:FCM.A) today announced that it has received a
purchase order in excess of $2 million for Voice over Internet
Protocol (VoIP) hardware products. Additional details about this
customer will be announced at a later date.
According to Franklin Chief Executive Officer Frank Peters: "Our
new customer has a highly sophisticated and efficient global network.
We have been working with them for several months to customize our
Tempest(R) VoIP hardware and software to accommodate their existing
system, so they don't have to 'reinvent the wheel' to add live voice
to the services they offer.
"The telephone industry in general is heading for a 'Business
Revolution.' Today we see all sorts of giveaways on the Internet in
order to attract advertising and other business. Before long, we may
see carriers giving away free voice calls in the quest to attract
customers for fax, e-mail and other enhanced telephone services. Flat
rate and the like are already upon us.
"Delivery of the 48- and 96-port units will commence with the
initial shipment to go out immediately."
About Franklin Telecom
The primary business of Franklin Telecom is the design and
manufacturing of communications devices, including hardware and
software solutions that enable superior quality Voice over IP
applications. Franklin's Internet subsidiary FNet provides Voice over
Internet Protocol global Telco services.
Certain statements in this news 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 that 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 Franklin's
Web Sites: www.ftel.com -- for Franklin's VoIP Hardware and Software;
www.fnet.net -- for Internet Telephony Next Generation Telephone
Service; and www.franklin.net -- for Internet Services, E-Commerce and
Access.
--30--mt/la* db/la
CONTACT: Franklin Telecom
Helen West, 805/373-8688
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE HARDWARE PRODUCT
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Copyright 1999, Business Wire
¸ 1999 DLJdirect Inc. All Rights Reserved. Member SIPC and NASD.
Trademarks of DLJ Long Term Investment Corporation.
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