OTCBB FTEL
For Immediate Release
May 23, 1996
FRANKLIN ANNOUNCES AGREEMENT BETWEEN
AMERICAN CASH CARD CORP. & FRANKLIN ALLY DCI
Westlake Village, CA.; Franklin Telecom announced today that DCI
Telecommunications, with which Franklin has a strategic alliance, has signed an
agreement with Telephonica International, Inc. (TLPH), an affiliate of American Cash
Card Corporation (ACC), providers of telecommunications services with access in more
than 100 countries. In 1995, ACC's sales topped $20 million. ACC and its affiliates
maintain offices in New York, Boston, Miami and Caracas. This agreement allows DCI
to add prepaid phone features to its Privilege Card and for ACC to add Privilege features
to its prepaid phone cards almost immediately.
According to Frank Peters, president of Franklin, "This alliance is significant because it
brings telco service bureau capabilities into our InterNet Operation. Our overall plan calls
for us to bring in the products and talents of multiple industries in order to form a
cohesive tool which will enable our customers to remain on the cutting edge of the
current revolution in the way society conducts business, particularly in on-line sales and
marketing."
Franklin recently announced an agreement with DCI, whose headquarters are in
Fairfield, CT. which enables both companies to acquire a 15% "stake-out" position in
each other. The agreement also allows DCI to gain 50% ownership of Franklin Internet
(FNet) , a wholly owned subsidiary of Franklin Telecom provided certain financial goals
are met. Plans call for FNet to be taken public via an Initial Public Offering.
Franklin is already a provider of a comprehensive range of Internet access options,
applications and consulting services. FNet's objective is to be a leading worldwide
supplier of complete communications solutions to businesses, professionals, and
individuals utilizing Internet related technologies.
Talks are underway between TLPH/DCI and FTEL which may allow TLPH to modify
several of Franklin's proprietary products and add them to their proprietary voice/fax
switches; this will allow Internet users to send or receive voice/fax , as well as data, to or
from a regular telephone anywhere in the world-- without requiring a computer at the
other end. In return, TLPH would receive FTEL stock and participate in the forthcoming
FNet IPO.
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. Franklin is traded Over The Counter Market as OFTELO.
More information can be obtained by contacting Frank Peters or Helen West,
Shareholder Relations at 805-373-8688, 800-372-6556, by fax at 805-373-7373, Internet:
hq@ftel.com, or on the WEB ftel.com or by writing to Franklin at 733
Lakefield Road, Westlake Village, CA. 91361.
More information can be obtained by contacting Frank Peters or Helen West,
Shareholder Relations at 805-373-8688, 800- 372-6556, by fax at 805-373-7373,
Internet: hq@ftel.com, or on the WEB ftel.com or by writing to Franklin at 733
Lakefield Road, Westlake Village, CA. 91361. 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. Franklin is
traded on NASDAQ Over The Counter Market as "FTEL". |
