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Technology Stocks : FRANKLIN TELECOM (FCM) -- Ignore unavailable to you. Want to Upgrade?

To: Gary R. Owens who wrote (1502)	7/29/1999 4:04:00 PM
From: Bruce Hoyt	Respond to of 2891

Franklin announces revs, time for bashers to eat crow! (PR Wires) PRW: Franklin Telecom Enjoys 2nd $4 Million Quarter; Revenue PRW: Franklin Telecom Enjoys 2nd $4 Million Quarter; Revenues for Fiscal Year Top $10 Million WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--July 29, 1999-- Franklin Telecom (AMEX:FCM) Thursday announced that revenues for the quarter ended June 30, 1999, are $4 million. Franklin's fiscal year runs July 1-June 30. While the audited figures for the year will not be released until September, this announcement confirms that annual revenues will be in excess of $10 million for fiscal 1999. This marks a growth rate of more than 614% over the previous year. Revenues for 1998 were $1,377,000. Ronald Weaver, vice president of Worldwide Sales stated, "I am especially pleased that during the June quarter Franklin secured several new customers with significant growth potential, giving us a customer base which is both broader and deeper. Hardware sales are feeding our IP network...and vice versa." According to Franklin President Peter Buswell, "Needless to say, I am very proud of the entire Franklin team from engineering to sales to production to network operations. This has been a year of shifting gears and establishing Franklin as a serious, ongoing player in the Internet Telephony game. Any way you choose to measure it, our growth has been phenomenal." Buswell continued, "Going into the new fiscal year, we have a much more mature product line which offers VoIP solutions for everyone from the SOHO level up to carrier class. At last we can stop saying 'Franklin is poised to do' this or that: we can now be fairly judged on our ongoing performance." About Franklin Telecom The primary business of Franklin Telecom is the design and manufacturing of communications devices, including hardware and software solutions which enable superior quality Voice over IP applications. 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 company, visit the Officer's Message page at Franklin's Web Site: www.ftel.com - for Internet Telephony & Franklin's Next Generation Telephone Equipment. www.fnet.net - for Internet Telephony Next Generation Telephone Service. www.franklin.net - for Internet Services, E-Commerce and Access. 15:42 EDT JULY 29, 1999 (PR Wires) PRW: Franklin Telecom Enjoys 2nd $4 Million Quarter; Revenue PRW: Franklin Telecom Enjoys 2nd $4 Million Quarter; Revenues for Fiscal Year Top $10 Million