Franklin Wireless Announces 445% Sales Increase in Fiscal Second Quarter 2010
25 Febbraio 2010 - 10:00PM
PR Newswire (US)
SAN DIEGO, Feb. 25 /PRNewswire-FirstCall/ -- Franklin Wireless
Corp. (OTC Bulletin Board: FKWL), the market leader in dual-mode
WiMAX and CDMA modems for 3G and 4G wireless broadband data
communications, announced strong sales and an increase in net
profit for the second quarter fiscal year of 2010, driven by demand
for the company's dual-mode USB modem products. The company
reported a sales increase of 445.3 percent to $25.2 million for the
quarter ending December 31, 2009, compared with $4.6 million in
sales for the corresponding period of 2008. Sales during the
quarter were driven by demand for the company's U300 and U301
dual-mode USB modems that were first introduced in 2009. Net income
increased 57 percent to $821,000 for the three- month period ending
December 31, 2009, compared with $523,000 for the same period in
2008. "Franklin's leadership position in the dual-mode USB market
and demand for our U300 and U301 products drove the tremendous
growth during this past quarter," said OC Kim, president of
Franklin Wireless. "We strive to lead innovation toward 4G networks
by providing products that enable flexible connection and
data-sharing through wireless broadband networks." The company's
10-Q filing for the three-month period ending December, 2009 is on
file with the SEC (http://www.sec.gov/). About Franklin Wireless
Franklin Wireless Corp. (OTC:FKWL) (BULLETIN BOARD: FKWL) designs
and sells broadband high speed wireless data communication products
such as third generation ("3G") and fourth generation ("4G")
wireless modems and modules. The Company focuses primarily on
wireless broadband Universal Serial Bus ("USB") modems, which
provide a convenient way for wireless subscribers to connect to
broadband networks with any laptop or desktop PC. The company's
products are positioned at the convergence of wireless
communications, mobile computing and the Internet. Founded in 1982
and headquartered in San Diego, CA, the company is committed to
serving the global wireless community by catering to the dynamic
needs of its customers. For additional information, please visit
http://www.franklinwireless.com/. Safe Harbor Statement: 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. Contact:
Lora Friedrichsen or Kate Mossbarger Global Results Comms (GRC) +1
949 608 0276 DATASOURCE: Franklin Wireless Corp. CONTACT: Lora
Friedrichsen or Kate Mossbarger of Global Results Comms (GRC),
+1-949-608-0276, , for Franklin Wireless Corp. Web Site:
http://www.franklinwireless.com/
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