NEWS---just e-mailed to me not 10 mins ago!
OTC BB FTEL For Immediate Release: October9, 1996
HARP, RUSSELL JOIN FRANKLIN AS DIRECTOR & CFO
Westlake Village, CA.> Franklin Telecom of Westlake Village, California
announced today that Thomas Russell (45), has accepted the position of Chief
Financial Officer and Director of FTC and FNet. Mr. Russell's degree in
Business Administration and Accounting is from California State University.
A CPA, his SEC experience includes working with initial public offerings.
Prior to joining Franklin Telecom in 1988 as CFO, Mr. Russell served as
Vice-President and CFO of Plasmon Data Systems UK. He has also been a
partner in Sorenson, Russell & Company and Peat, Marwick, Mitchell. In
1990, he established Russell Industries, where he served as President. Mr.
Russell re-joines Franklin as CFO on October 16, 1996.
Dr. Robert S. Harp (59), has accepted a Directorship of FTC and FNet. Dr.
Harp holds an undergraduate degree in Physics from MIT and a doctorate in
Electrical Engineering from Stanford University. Since 1976, when he
founded Vector Graphic, Inc., Corona Data Systems and CoreData Dr. Harp has
been in the forefront of designing and manufacturing high-tech electronic
equipment and computers. He is currently Chairman (and founder) of Quesant
Instruments which manufactures Scanning Probe Microscopes.
Frank Peters, Franklin's president & CEO, also confirmed that Mr. Russell
has accepted an appointment to FNet's board of directors. Peters said, "Tom
brings a tremendous background with his experience in IPO's. His first task
will be to take FNet public. His financial savvy and extensive background in
IPO's will make an invaluable contribution to FNet's success."
FNet, a subsidiary of Franklin Telecom, is a provider of a comprehensive
range of Internet services and applications to the business and professional
communities. FNet's alliance with Gridnet, a subsidiary of World Com allows
FNet to market its services nationwide.
For the latest up-to-minute information about Franklin Telecom and FNet,
visit our web site:
www.ftel.com
More information can be obtained by contacting Helen West, Shareholder
Relations, at 805-373-8688. Franklin Telecom, founded in 1981, designs and
manufactures communications devices and software. Franklin has an installed
base of over 100,000 nodes. Franklin is traded on the Over The Counter
Market as "FTEL".
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