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

To: X Y Zebra who wrote (2645)	4/8/2000 2:16:00 AM
From: BuzzVA	Read Replies (1) \| Respond to of 2891

Seems we lost another captain. John Field Steps Down From FNet Leadership, Philip G. Ericson Appointed Interim President WESTLAKE VILLAGE, Calif., Apr 7, 2000 (BUSINESS WIRE) -- Franklin Telecommunications Corp. (AMEX:FCM), announced today that John Field has stepped down as President of FNet Corp., Franklin's global Internet telephone network subsidiary. Philip G. Ericson, Franklin's Chief Operating Officer, has been appointed FNet's interim President, effective immediately. "John agreed to take FNet's helm at a time when his experience and knowledge were most valuable. His contributions were significant, but his home remains in Denver, and he elected to pursue special projects rather than the day-to-day leadership of the company," said Frank Peters, Chairman and CEO of Franklin Telecommunications Corp. "During the next 90 days, we will undergo an executive search for a new FNet president," commented Ericson. "We are expanding our network's carrying capacity to enable FNet to offer next generation VoIP telephone services on a very large scale. The new president will play an important role in managing growth and producing tangible results." Franklin Telecommunications Corp. is a maker of high-speed IP and VoIP telephony equipment that enables high-quality transmissions of data, voice, fax and video over the Internet. Franklin's next generation telephone company subsidiary, FNet, provides global telco services and complete networking solutions utilizing Franklin equipment and IP/VoIP technology. 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.