News Release for next week.
Just received the following info.
>Here is a copy of an Announcement which will run next week in the:
> 1. WALL ST. JOURNAL, Western Edition, and the
> 2. LOS ANGELES TIMES.
>
>The real file is attached for your convenience.
>========================================================
> Fnet
> www.fnet.net
>
>5,000,000 Shares of Common Stock
> $1.00 per share
>
>FNet is raising capital for FINAL development of Internet Voice, FAX and
>other applications using proprietary hardware and software developed over
>the past four years by its parent, Franklin Telecom (FTEL) to complete
> TELEPHONE TO TELEPHONE OVER THE INTERNET.
>
> 800/FRANKLN (800/372-6556)
> 805/373-8688
>
>The offering is limited to investors meeting the suitability requirements of
>Section 25102(n) of the California Corporate Securities Law and Rule 1001
>under the Securities Act of 1933. In general, in order to qualify under
>these rules, you must either (i) have a net worth of $250,000 and gross
>income of $100,000 or (ii) have a net worth of $500,000. "Net worth" is
>exclusive of home, furnishings, and automobiles. Also, you must meet certain
>investment sophistication requirements and the investment may not exceed 10%
>of your net worth. If you believe you meet these standards, you may download
>the Qualification and Subscription Agreement forms at our WEB site. No money
>or other consideration is being solicited or will be accepted until five
>business days after delivery of a disclosure document to the prospective
>purchaser. An indication of interest involves no obligation or commitment of
>any kind.
>
>Franklin Telecom, founded in 1981, designs and manufactures communications
>devices, high speed LAN & WAN access cards and software. Franklin has an
>installed base of over 100,000 nodes. 733 Lakefield Rd. Westlake Village CA
>91361
>
>Frank W. Peters Voice 805/373-8688 E-Mail frank@ftel.net
>President & CEO FAX 805/373-7373
>Franklin Telecommunications Corp. ftel.com
>FNet Corp.
> Traded on OTC BB as FTEL |
