04/06/99 NEWS RELEASE: Franklin Telecom Triples Revenues
Third-Quarter Sales
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 6, 1999-- Franklin
Telecom (AMEX:FCM) Tuesday announced that its preliminary sales results for the third quarter ended March 31, 1999, are $4.1 million.
This represents a 230 percent increase over the previous quarter's $1.2 million. The $4.1 million figure does not include a backlog for $2.6 million in orders that have already been booked for delivery during the current quarter.
This marks the fifth straight quarter of substantial growth in revenues. Going back to the March quarter of 1998, revenues were $325,000. June quarter 1998 revenues were $524,000; September quarter 1998 revenues were $933,000 and December quarter 1998 revenues were $1.2 million. Franklin President Peter Buswell commented, "I realize we are bucking a trend here -- Internet-related stocks are not supposed to actually bring in money, but what can we do? People seem to want to buy our products." He continued: "All kidding aside, there's a clear pattern of accelerating growth which we expect to continue. As the idea of Internet Telephony takes hold in the marketplace, companies are just beginning to discover that there is potential for much more than just cheap phone calls. We are dedicated to producing a product line which will facilitate the applications business is looking for in areas of e-commerce and voice-enabled Web sites."
CFO Tom Russell added: "It is extremely gratifying to see tangible results from our growth. This is more than three times last quarter's sales and a 1,162 percent increase over the same period last year. That's remarkable, but what is just as important is to notice the incremental, solid pattern to this growth."
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 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 that 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
CONTACT: Franklin Telecom, Westlake Village
Helen West, 805/373-8688 (shareholder relations)
09:00 EDT APRIL 6, 1999
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