(BSNS WIRE) Franklin Accepts Quarter Million Dollar Order; Order is One
Franklin Accepts Quarter Million Dollar Order; Order is One Part of Close of
the Year Boom for Hardware Sales
Business Editors
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 15, 1998--
Franklin Telecom (OTC:FTEL) Tuesday announced that it has accepted a
quarter million dollar cash in advance order for installation of
facilities supporting their Tempest(R) System for one of their
Southern California customers.
The order is significant in that it marks a step toward the
company's stated intention of offering true turn-key solutions as
part of their line of Voice over IP products and services, following
the model established by companies like EDS, SAIC and Computer
Associates.
Frank Peters, chairman and CEO said, "One of our corporate goals is
to make our technology pain-free for our customers. In other words,
we don't think your average businessman should have to become an IP
expert to reap the benefits from upgrading to our equipment and
system. Our goal is to deliver goods and services that meet the
customer's needs, save him money and make his life easier, not more
complicated."
Peters went on to say, "At long last we're seeing the market open up
for Voice over IP products. After years of excitement within the
industry and analysts touting the future of Voice over the Internet,
ordinary businesses are starting to see that it's real and they can
save some real money by going with these products. Our Tempest
System offers a stable, flexible line of products and services to
help businesses and professionals join in this latest communication
revolution."
Peter Buswell, Franklin's president and COO adds, "We've seen
significant growth in revenues for each of the last three quarters.
Revenues for the last quarter were over $900,000; we are on target
for surpassing that nicely for the quarter ending December 31st.
When I joined Franklin in July, a quarter of a million dollar deal
would have been a monumental accomplishment. I am delighted that now
we can view this as a nice business transaction, amid a steady influx
of other nice business transactions."
EDS is a registered symbol of Electronic Data Systems Corp. SAIC
is a registered symbol of Science Applications International Corp.
The primary business of Franklin Telecom, founded in 1981, is the
design and manufacturing of communications devices, high speed LAN,
WAN, Telco and Satellite Systems and software. Franklin customers
have installed over 100,000 nodes worldwide. 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 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 announcement, visit the
Officer's Message page at Franklin's Web Site: www.ftel.com;
www.franklin.net - for Internet Services and Access; www.fnet.net -
for Internet Telephony & Franklin's Next Generation Telephone
Company
--30--LES/la* TJJ/la
CONTACT: Franklin Telecom
Helen West, 805/373-8688
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED
COMPUTERS/ELECTRONICS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story ***
|
