Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet -- Ignore unavailable to you. Want to Upgrade?

To: george willse who wrote (331)	11/4/1998 2:47:00 PM
From: george willse	Read Replies (1) \| Respond to of 609

(BSNS WIRE) Franklin Expands with Development Facility in Arizona; Scottsdale Office to Spearhead Product Development Business & Technology Editors WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 3, 1998--Franklin Telecom (OTC BB:FTEL) Tuesday announced that it has opened a new product development facility in Scottsdale, Ariz. The new facility is housing the development team assigned to the Voice Router Internet Telephone System, Franklin's Next Generation Internet Telephony customer premise access solution. Frank Peters, Franklin Telecom founder and CEO commented: "We need to attract engineers with Computer Telephony, PBX and Key System experience to augment our expertise in LAN/WAN networking. The greater Phoenix area, and specifically the Scottsdale Technology Airpark, has become a major center for telecommunications equipment manufacturing. "This advantage, coupled with the ever-increasing cost of living in Southern California, made the Scottsdale office a logical decision," he concluded. John Saltwick, who has recently been named Vice-President of Engineering, heads the new center. Saltwick, with more than 18 years of experience in both hardware and software design, came to Franklin from Xantel Corp. where he had served as vice-president of both engineering and product development. Saltwick holds four patents in the area of telecommunications and voice processing. In addition to engineering, the Scottsdale office will also include sales and marketing personnel. Peters noted: "The rapid growth of FNet, our Next Generation Telephone subsidiary company, is congesting our Westlake Village headquarters. In the last year and a half, we've expanded into two additional buildings and we're still running out of room. We already have sales representatives working in various areas around the country. The Scottsdale facility will be a secondary hub for sales." 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 subsidiary FNet provides VoIP global Telco services. For additional information about this announcement, visit the Officer's Message page at Franklin's Web Site: www.ftel.com 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. --30--ECQ/la* RK/la CONTACT: Franklin Telecom, Westlake Village Helen West, 805/373-8688