(BSNS WIRE) AT&T, Franklin Settle Suit; Greg Evans of Connect America Pl
AT&T, Franklin Settle Suit; Greg Evans of Connect America Pleads Guilty for
Crimes Against AT&T
Business Editors
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 17, 1998--
Franklin Telecom (OTC BB:FTEL) Thursday announced that long distance
carrier AT&T and Franklin amicably settled the civil lawsuit between
them and it is being dismissed by the court.
Terms of the settlement are confidential and prevent Franklin
from disclosing details, including whether or not anything was paid
by either party as part of the settlement.
Greg Evans, Connect America's president, recently pleaded guilty
in the United States District Court for crimes committed against
AT&T. Those crimes are the focus of AT&T's civil lawsuit and
Franklin expects the lawsuit to continue in relation to parties
other than Franklin.
Frank Peters, Franklin's chairman and CEO, said, "I am very
pleased this 2-year-old dispute is finished. We now have cleared
the legal 'deck' so we can steam full speed ahead. We are extremely
pleased the case ended in this fashion, and long before trial."
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 more than 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.
--30--LES/la* MT/la
CONTACT: Franklin Telecom, Westlake Village
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 ***
|
