FRANKLIN APPOINTS PETER BUSWELL TO NEW POST AS CHIEF OPERATING OFFICER
OTCBB FTEL
For Immediate Release
June 23, 1998
FRANKLIN APPOINTS TELECOM INDUSTRY VETERAN, BOARD MEMBER PETER
BUSWELL TO NEW POST AS CHIEF OPERATING OFFICER
Westlake Village, CA, June 23, 1998 -- In an executive appointment designed to accelerate its plan to
become a global leader in telecommunications and Internet products and services, Franklin Telecom
(OTC: FTEL) today named industry veteran Peter Buswell as the Company's President and Chief
Operating Officer.
"Peter is a key addition to Franklin's executive team," said Frank W. Peters, Chairman and Chief
Executive Officer. "Having served on our board of directors since 1996, he not only envisions the specific
opportunities for our technology, he understands how to translate that technology into marketable
products and services."
Peters also noted, "I have known Peter since 1980. In all candor, Franklin is fortunate to have someone
with Peter's ability to quarterback and deliver on this mission critical agenda at Franklin. With Peter's help
we should be solidly on schedule, and hitting our goals within the year."
For the past two years, Buswell has served as Chief Operating Officer of Xantel Corporation, an industry
leader in the application of computer telephony integration (CTI) to improve customer care and
management. Prior to Xantel, Buswell was Chief Marketing Officer for TAA, where he helped move this
voice processing company to the #37 position on INC. magazines fastest growing 100 companies.
Previously, as a President and General Manager of Farmstead Telephone Group's Cobotyx division,
Buswell expanded its entry into the international marketplace through the creation of an entire voice
processing product line. Through strategic market planning, he also enabled the company to market voice
mail and debit card calling platforms in China as a cost-effective economic alternative to hard wired
telephone equipment installations.
Earlier, Buswell was responsible for several innovative telecommunications product development activities
involving voice/data switching applications for several major companies, including Brite Voice Systems,
Exxon Enterprises, ITT and Datapoint. Buswell began his career in telecommunications as a central office
engineer with AT&T technologies in 1969.
"Franklin's award-winning Tempestr Data Voice Gateway System is designed to provide highly advanced
Internet telephony services that will substantially reduce monthly long distance voice and fax phone bills
for domestic and international companies," said Buswell. "I'm pleased to have an active role in continuing
our momentum as we expand our international presence with our robust technology and our dedicated
team."
Buswell said " The writing is clearly on the wall - companies failing to execute in this rapidly evolving
industry will dead-end on the information superhighway. My job is to make sure this doesn't happen at
Franklin. We will not miss this opportunity, period." Buswell earned a Bachelor of Science degree in
business administration and computer science from Marymount College NY. He also completed courses
at the Hartford Graduate Center in Telecommunications and post graduate studies in electronics,
computers, telecommunications and programming systems.
Buswell earned a Bachelor of Science degree in business administration and computer science from
Marymount College NY. He also completed courses at the Hartford Graduate Center in
Telecommunications and post graduate studies in electronics, computers, telecommunications and
programming systems.
The primary business of Franklin Telecom (OTC: FTEL), founded in 1981, is the design and manufacturing of communications devices, high speed LAN,
WAN, Telco and Satellite Systems and software. Franklin has an installed base of over 100,000 nodes worldwide. Franklin's Internet subsidiaries, FNet and
Internet Passport provide services using FTEL products.
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Certain statements in this news release constitute "forward-looking statements" with 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 many cause
the actual results, performance or achievements, express and implied by such forward-looking statements.
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