FTEL news just out:
(BSNS WIRE) Franklin Books $3.75 Million for Tempest DVGs; Market for Vo
Franklin Books $3.75 Million for Tempest DVGs; Market for Voice Over the
Internet Continues to Grow
Business Editors/Technology Writers
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Feb. 23, 1999--Franklin
Telecom (OTC BB:FTEL) announced today that USATalks.Com has placed an
additional order for $3.75 million in Tempest DVG(R) Systems. The
San Diego-based company is continuing their network expansion at a
rapid pace. USATalks has advanced funds to expedite this acceleration.
The Tempest System, a family of products based around the Tempest
Data Voice Gateway, facilitates calls from any telephone to any
telephone, utilizing packet technology over an Internet or intranet
connection.
Peter Buswell, Franklin Telecom's President & COO stated, "Our
installation of USATalk's California network is up and running. The
installation process has been exceeding our expectations. This new
order will continue to expand their national network."
"We are pursuing an aggressive schedule of manufacturing and
shipping consistent with our customer's goals," Buswell continued.
"Fortunately, during recent months we have built the necessary
infrastructure of dedicated personnel and facilities to make this
possible."
The $3,750,000 order is exclusively for Franklin Tempest
hardware. Additional orders will be forthcoming for the ancillary
equipment required for installation. As part of the expanding USATalks
network, the new installations will also be maintained by Franklin's
subsidiary, FNet Corp., as part of its turn-key service operations.
The primary business of Franklin Telecom, founded in 1981, is the
design and manufacturing of communications devices, high speed LAN,
WAN, Telco 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 press 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--HK/na*
CONTACT: Franklin Telecom, Westlake Village
Shareholder Relations: Helen West, 805/373-8688
or
Media Relations: Debra Kent, 805/373-8688
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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