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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (22818)	12/9/1997 9:46:00 AM
From: Jack Sman	Read Replies (1) \| Respond to of 41046

If Franklin were to release news today, it would probably read something like this: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 9, 1997-- Franklin Telecom (OTCBB:FTEL) Tuesday announced that an additional institutional investor has acquired convertible preferred shares of FTEL for $2 million. This is in addition to the similar $5 million private placement which took place in October. Funds will be used for production, deployment and development of additional features for the Tempest, Franklin's newly developed Data/Voice Gateway, including the roll-out of the previously announced FNet global network. The FNet.Phone network, utilizing IP and the Internet, will connect the Data/Voice Gateways, ensuring quality of service and reliability. FNet, Franklin's Internet subsidiary, will operate the network. Franklin's president and chief executive officer Frank Peters said, "We now have Tempest DVGs deployed in five cities in the U.S. and Canada. This test network is delivering consistently strong voice quality in daily usage. "With all systems 'Go' it is great to have the financing in hand to continue our national roll-out and to lay the groundwork for the overseas deployment we will begin during 1998." The Franklin Tempest Data/Voice Gateway allows phone-to-phone service over the Internet or Frame Relay using ordinary telephones (no computer required) and without requiring any special hardware or software at either connection. The Tempest facilitates long-distance telephone calls at greatly reduced cost compared with conventional telephone service providers. The installed network will be utilized by existing clients as well as FNet customers. Hardware sales of the Tempest Data/Voice Gateway have many applications, including usage by multinational corporations with hundreds of offices scattered around the world. These companies are able to bypass long distance charges by dropping Tempest units into their existing data networks. This allows them to piggyback their calls over the existing networks for free. Payback for a typical installation of this type, based on an average of five hours of calls utilizing the network per office per day, would be well under a year. For the latest up-to-the-minute information on Franklin Telecom, visit the company Web site, ftel.com . NOTE: The primary business of Franklin Telecom, founded in 1981, is the design and manufacturing of communications devices, high speed LAN, WAN, Telco & Satellite Systems and software. Franklin has an installed base of more than 100,000 nodes worldwide. Franklin's Internet subsidiaries, FNet and Internet Passport provide services using FTEL products. 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. CONTACT: Franklin Telecom, Westlake Village Helen West, 805/373-8688 * end of story *