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To: george willse who wrote (432)4/18/1999 10:41:00 AM
From: Bruce Hoyt  Respond to of 609
 
4/16/99 News Release - Franklin Telecom Adds Fresh Talent to FNet, Its Internet Subsidiary; VP of Worldwide Sales Joins Growing Internet Company

Business Wire - April 16, 1999 15:53

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 16, 1999-- Franklin Telecom (AMEX:FCM) Friday announced that it has named Ron Weaver vice president of Worldwide Sales for Franklin Telecom and FNet Corp., Franklin's IP telephony and Internet subsidiary.

Weaver is based at company headquarters in Westlake Village.

James Magruder has left to pursue other interests. As part of additional restructuring within FNet, Peter Buswell, president and chief operating officer of Franklin Telecom, is now acting chief operating officer of FNet.

Franklin's chairman and chief executive officer, Frank Peters, commented: "In nine months, Peter Buswell has achieved phenomenal results in jump-starting sales and revenues for Franklin. I don't know of anyone more capable of creating the same success at FNet.

"Ron Weaver is Peter's handpicked partner for this endeavor -- indeed, Peter's attitude, after coaxing Weaver onto the team, could only be described as gleeful."

Weaver comes to Franklin from NeTrue Communications, where he was vice president of World Wide Sales and actively involved in the sale and deployment of NeTrue's global VoIP network.

In addition to his extensive sales and marketing experience in the telecommunications field, Weaver is an accomplished author, contributing frequently to industry publications. During the last several years, he has been in demand throughout the world as a keynote speaker at both trade shows and industry associations. He is scheduled to continue these appearances during the coming year.

Weaver stated: "I am excited by the synergy that FTC and FNet bring to each other and to the marketplace. My task is to see that everyone who can benefit from our products and services knows about them. Once they know us and examine our products, we have the flexibility to tailor both the products and services to meet their requirements.

"The relationship between Franklin Telecom and FNet is unique and gives us a definite edge. My job is to exploit it!"

About Franklin Telecom

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 more than 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol global Telco services.

For additional information about this announcement, visit the Officer's Message page at Franklin's Web site, www.ftel.com; www.franklin.net for Internet services and access; or www.fnet.net for Internet telephony and Franklin's next-generation telephone company.

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 that 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, Westlake Village
Helen West, 805/373-8688Franklin Telecom Adds Fresh Talent to FNet, Its Internet Subsidiary; VP of Worldwide Sales Joins Growing Internet Company

Business Wire - April 16, 1999 15:53

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 16, 1999-- Franklin Telecom (AMEX:FCM) Friday announced that it has named Ron Weaver vice president of Worldwide Sales for Franklin Telecom and FNet Corp., Franklin's IP telephony and Internet subsidiary.

Weaver is based at company headquarters in Westlake Village.

James Magruder has left to pursue other interests. As part of additional restructuring within FNet, Peter Buswell, president and chief operating officer of Franklin Telecom, is now acting chief operating officer of FNet.

Franklin's chairman and chief executive officer, Frank Peters, commented: "In nine months, Peter Buswell has achieved phenomenal results in jump-starting sales and revenues for Franklin. I don't know of anyone more capable of creating the same success at FNet.

"Ron Weaver is Peter's handpicked partner for this endeavor -- indeed, Peter's attitude, after coaxing Weaver onto the team, could only be described as gleeful."

Weaver comes to Franklin from NeTrue Communications, where he was vice president of World Wide Sales and actively involved in the sale and deployment of NeTrue's global VoIP network.

In addition to his extensive sales and marketing experience in the telecommunications field, Weaver is an accomplished author, contributing frequently to industry publications. During the last several years, he has been in demand throughout the world as a keynote speaker at both trade shows and industry associations. He is scheduled to continue these appearances during the coming year.

Weaver stated: "I am excited by the synergy that FTC and FNet bring to each other and to the marketplace. My task is to see that everyone who can benefit from our products and services knows about them. Once they know us and examine our products, we have the flexibility to tailor both the products and services to meet their requirements.

"The relationship between Franklin Telecom and FNet is unique and gives us a definite edge. My job is to exploit it!"

About Franklin Telecom

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 more than 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol global Telco services.

For additional information about this announcement, visit the Officer's Message page at Franklin's Web site, www.ftel.com; www.franklin.net for Internet services and access; or www.fnet.net for Internet telephony and Franklin's next-generation telephone company.

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 that 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, Westlake Village
Helen West, 805/373-8688



To: george willse who wrote (432)4/18/1999 10:48:00 AM
From: Bruce Hoyt  Read Replies (2) | Respond to of 609
 
The FNet website list of officers has been partially updated. They still need to delete the bio for Magruder. Also, they don't mention Clive Raines (VP Marketing) on the officer list but still have his bio below too. I wonder if he has also moved on to new ventures?

The Company's executive officers and directors are as follows: 

* Frank W.  Peters  61  Chairman & CEO (Acting) 
* Peter S.  Buswell  51  President & COO (Acting) 
* Thomas L.  Russell  48  CFO (Acting)
Ron Weaver 55 V.P. Worldwide Sales
Stephen S.  Smith  41  Controller   
Frank Jones  29  Network Operations Manager. 
Michael C. Peters  32  V.P.  e Commerce Business Development 
* Robert S.  Harp  62  Director 
     
*Director

Bruce