Thomas Russell

Thomas Russell, Franklin's CFO said, "We are pleased that we will be able to utilize Sutro's considerable expertise in helping FNet achieve its growth and expansion objectives.Our goal of deploying a global packet switched/Internet Protocol Telephony network will be greatly enhanced by the addition of a quality investment bank such as Sutro & Co."

Sutro & Co., Inc. is nationally recognized as a leading regional investment banking firm.Founded in 1858, Sutro is the oldest investment bank in the Western United States.Sutro offers its clients a full range of investment banking services including public offerings of equity and debt, private placements of securities, as well as merger and acquisition advice.

Thomas Russell, Franklin's CFO said, "We are pleased that we will be able to utilize Sutro's considerable expertise in helping FNet achieve its growth and expansion objectives.

Thomas Russell, Franklin's CFO said, "We are pleased that we will be able to utilize Sutro's considerable expertise in helping FNet achieve its growth and expansion objectives.Our goal of deploying a global packet switched/Internet Protocol Telephony network will be greatly enhanced by the addition of a quality investment bank such as Sutro & Co."

Sutro & Co., Inc. is nationally recognized as a leading regional investment banking firm.Founded in 1858, Sutro is the oldest investment bank in the Western United States.Sutro offers its clients a full range of investment banking services including public offerings of equity and debt, private placements of securities, as well as merger and acquisition advice.

According to Franklin CFO Tom Russell, "A bright spot for this first quarter in fiscal 2000 is that a high percentage of the revenues come from new customers.We anticipated a brief decline during the first quarter of this year, but we expect a substantial rebound during the current and subsequent quarters."

The 10-Q quarterly report will be available on the SEC's Edgar site (http://www.sec.gov/), or in printed form by request.To request a printed form of the 10-Q, please contact our Company at (805) 373-8688.

About Franklin Telecom

According to Franklin CFO Thomas Russell, the closure is a cost-saving measure.

According to Franklin CFO Thomas Russell, the closure is a cost-saving measure.

Israel's Bezeq Prepares to Deliver Broadband Services Using XDM(tm) Optical Networking Equipment from ECI Telecom Company, Lightscape NetworksLightscape Networks , an ECI Telecom companyand international leader in optical networking, today announced a major contract with Bezeq, Israel's PTT, to upgrade Israel's national communications network in readiness for broadband services.

Bulgarian cable company to use WorldGateWorldGate Communications Inc. signed a deal with Bulgaria's largest cable television operator to carry WorldGate's interactive TV services.

March 21 , 2001 - Franklin Telecommunications Corp. ( Company ) ( AMEX : FCM ) , a manufacturer of high speed VoIP ( Voice over Internet Protocol ) telephony equipment and a provider of next generation IP based telecommunications services , today announced that Thomas Russell has resigned as CFO and Director.

Thomas , who joined Franklin as CFO and Director in October 1996 is relocating to another part of the country.

Frank Peters , Executive Chairman said , Tom has been looking for a ranch for 3 years.He found the perfect one and I will miss him.He will continue to consult for Franklin and will be active in the search for his successor until his move out of state.We all wish him well.

Franklin Telecommunications Corp. is a maker of high-speed VoIP telephony equipment , which enables high-quality transmissions of data , voice , fax and e-mail over the Internet.Franklin's next-generation telephone company subsidiary , FNet , offers global IP based telecommunications services and complete , interoperable networking system solutions utilizing Franklin equipment and software.

Franklin Telecommunications Corp. ( ``company'' ) ( AMEX : FCM - news ) , a manufacturer of high-speed VoIP ( Voice over Internet Protocol ) telephony equipment and a provider of next-generation IP-based telecommunications services , today announced that Thomas Russell has resigned as chief financial officer and director.

Thomas , who joined Franklin as CFO and director in October 1996 , is relocating to another part of the country.