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

To: William Harvey who wrote (38258)	10/2/1998 9:25:00 PM
From: ksuave	Respond to of 41046

yes! Friday October 2, 6:45 pm Eastern Time Company Press Release Franklin Announces Quarterly Sales Results Sales Improve 72% Over Last Quarter WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Oct. 2, 1998-- Franklin Telecom announced today that sales for the three months ending Sept. 30, 1998 exceeded $900,000 compared to sales of $524,000 and $325,000 for the previous two quarters. Frank W. Peters, Franklin's CEO, stated, ''Finally, our investment of time and money has started to pay off. This marks the second quarter of steady growth. This is 177% growth over the March 31, 1998 quarter, six months ago. We still have a way to go to break even but both FTEL and FNet are now starting to reflect our efforts.'' According to Tom Russell, Franklin's vice president of finance and CFO, sales are looking up for the Tempest DVG(R) Systems and FNet's Joint Ventures. ''We have experienced steady sales growth for the last two consecutive quarters. The quarter ended September 30, 1998 had sales exceeding $900,000 or a 72% increase from the previous quarter. The quarter ended June 30, 1998 had sales of $524,000 or a 61% increase from the previous quarter.'' Russell confirmed that for the fiscal year which ended June 30, 1998, Franklin Telecom incurred a consolidated net loss of $4,504,000 on sales of $1,377,000, or a net loss of $0.29 per share. A copy of the audited financial 10K statement is available upon request or on EDGAR (www.sec.com) or www.FTEL.com. Please contact Helen West at 805/373-8688 or by e-mail at hwest@ftel.net. 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 over 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides VoIP global Telco services. Certain statements in this press 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.