To: Jeffrey L. Henken who wrote (246 ) 2/23/1999 12:00:00 PM From: mark garner Read Replies (2) | Respond to of 2662
Franklin Books $3.75 Million for Tempest DVGs; Market for Voice Over the Internet Continues to Grow Jump to first matched term WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Feb. 23, 1999--Franklin Telecom (OTC BB:FTEL) announced today that USATalks.Com has placed an additional order for $3.75 million in Tempest DVG(R) Systems. The San Diego-based company is continuing their network expansion at a rapid pace. USATalks has advanced funds to expedite this acceleration. The Tempest System, a family of products based around the Tempest Data Voice Gateway, facilitates calls from any telephone to any telephone, utilizing packet technology over an Internet or intranet connection. Peter Buswell, Franklin Telecom's President & COO stated, "Our installation of USATalk's California network is up and running. The installation process has been exceeding our expectations. This new order will continue to expand their national network." "We are pursuing an aggressive schedule of manufacturing and shipping consistent with our customer's goals," Buswell continued. "Fortunately, during recent months we have built the necessary infrastructure of dedicated personnel and facilities to make this possible." The $3,750,000 order is exclusively for Franklin Tempest hardware. Additional orders will be forthcoming for the ancillary equipment required for installation. As part of the expanding USATalks network, the new installations will also be maintained by Franklin's subsidiary, FNet Corp., as part of its turn-key service operations. The primary business of Franklin Telecom, founded in 1981, is the design and manufacturing of communications devices, high speed LAN, WAN, Telco and software. Franklin customers have installed over 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol 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. For additional information about this announcement, visit the Officer's Message page at Franklin's Web Site: www.ftel.com CONTACT: Franklin Telecom, Westlake Village Shareholder Relations: Helen West, 805/373-8688 or Media Relations: Debra Kent, 805/373-8688