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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (1103)	8/12/1998 1:29:00 PM
From: Cindy Cannon	Respond to of 3178

biz.yahoo.com Wednesday August 12, 12:53 pm Eastern Time Company Press Release Franklin's FNet Goes Live! Franklin's Next Generation Telephone Company Flips Switch WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Aug. 12, 1998-- Franklin Telecom (OTC BB:FTEL - news) Wednesday announced that its subsidiary FNET Corp. has activated a Harris 20-20 LX switch at its Westlake Village headquarters. Coupled with the recent FCC 214 Common Carrier license granted to FNet, this marks the realization of FNet's plan to establish itself as a global telecommunications service provider during 1998. According to Jim Magruder, FNet's chief executive officer: ''This event marks an exciting milestone in the development of FNet's worldwide Voice Over IP Network. Activation of the switch gives FNet the ability to terminate calls in at least 250 countries, and is consistent with our strategy to provide a carrier class hybrid network, incorporating both IP and standard telephony technologies. ''As FNet continues the deployment of its own on-net IP network through its in-country JV Partners, it is able to immediately provide customers with worldwide connectivity at very competitive rates.'' FNet president, Kevin Kuykendall said: ''We continue to aggressively pursue co-location and joint-venture partnership opportunities and currently have contracts in place or in progress on every continent except Antarctica. ''Our plan is for FNet to utilize all available technologies, ranging from conventional land lines to various forms of packet network technology including but not limited to frame relay and the Internet, thus guaranteeing our subscribers high quality, truly global coverage, from any phone to any phone, at the best possible price. ''With accelerated deployment of our own on-net network, that 'best possible price' will get better and better for FNet customers.'' The switch, which is currently running test traffic, is expected to be fully operational and carrying commercial traffic within two weeks. FNet services will be available at a consumer level via calling cards and reseller programs Sept. 1. The primary business of Franklin Telecom, founded in 1981, is the design and manufacturing of communications devices, high-speed LAN, WAN, Telco and 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 Helen West, 805/373-8688 (shareholder relations) Diane McCarthy, 805/373-8688 (media) More Quotes and News: Franklin Telecommunications Corp (OTC BB:FTEL - news) Related News Categories: computers, telecom