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

To: Seth L. who wrote (32433)	4/21/1998 9:20:00 AM
From: Robert Korn	Respond to of 41046

NEWS RELEASE ON BIZ WIRE THIS AM: FNet Corp. To Build Voice Over IP Network; Former MCI Executive James Magruder Heads Effort as CEO; Company Plans 12 On-Net Cities by Summer, 50 Worldwide by Year-End Business Wire - April 21, 1998 08:47 %FRANKLIN-TELECOM FTEL %CALIFORNIA %TELECOMMUNICATIONS %COMPUTERS %ELECTRONICS %COMED %PRODUCT %MANAGEMENT %CHANGES V%BW P%BW WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 21, 1998--FNet Corp., an independent Internet subsidiary of Franklin Telecom (OTC:FTEL), announced today it will provide Internet telephone service through 12 domestic and international points of presence (POP) beginning in July and that it plans to have 50 on-net cities up and running by the end of the year. According to FNet chief executive officer James L. Magruder, "The Internet Telephony services market is perhaps the most exciting sector in today's high tech arena, and we are committed to providing the finest quality domestic and international voice traffic by using the Franklin Tempest (R) Data Voice Gateway, noted for its superior voice over IP performance." Magruder said, "FNet has a significant competitive edge because of our unique vertical integration, from the design and manufacture of Franklin hardware to the deployment and management of our Internet network. The network we are building has complete world-wide off-net switching capability, and by integrating our IP technology with conventional telephony technology we are able to offer the highest quality call for the least cost." By this summer, Magruder said FNet will deploy eight domestic POP's utilizing a previously announced strategy to collocate its Internet telephone network in selected WorldCom cities. At the same time, FNet will build four international POP's, also utilizing the Tempest Data Voice Gateways. The company is accelerating its international presence as part of its plan to have at least 50 on-net cities in operation worldwide by the end of the year. "Our management team is well versed in what it takes to build a successful service company. We also have experience and contacts in the international telephony community which will be extremely helpful to us in meeting our milestones," Magruder said. Magruder's thirty two years of experience in the telecommunications industry includes service as president and chief operating officer of Zephyr Telecommunications and vice president of Orion Network Services. A former senior executive at MCI, Magruder served for a number of years as a member of MCI's data communications marketing team. Magruder currently serves of FNet's board of directors. FNet Corp., founded in 1996, is a subsidiary of Franklin Telecommunications Corp. (OTC:FTEL). FNet Corp. is a national Internet Service Provider that focuses on the special requirements of corporate and professional customers. FNet Corp. is at the forefront of the emerging Voice over IP Network Market, utilizing hardware manufactured by Franklin Telecom to offer a unique Vertical Integration solution. CONTACT: FNet Corp. Diane McCarthy, 805/379-8649 dianemc@ftel.net or Rourke.MS&L Tiffany Hilton, 408/453-9194 thilton@rourkemsl.com