SAN DIEGO, CALIFORNIA – Franklin Wireless Corp. (Pink sheet: FKLT.PK) reported stronger quarterly results for the period ended March 31, 2007 compared to last quarter ended December 31, 2006.
Franklin Wireless¡¯ sales reached $3,226,915 for three months ended March 31, 2007 compared to $1,800,622 for three months ended December 31, 2006. Net income also sharply increased to $383,214 from $213,659 for three months ended March 31, 2007 and December 31, 2006 respectively.
For the quarter, Franklin USB modem sales grew 79% compared to the previous quarter, and there were four consecutive quarters of average 70% growth in sales every quarter. The sales and net income in this quarter are almost equal to the combined total of previous three quarters.
The increase in sales and net income results from greater Franklin¡¯s brand recognition and consistency in product quality perceived by the North and South American carriers.
About Franklin Wireless
Franklin Wireless Corp. (Pink Sheet: FKLT.PK) designs and markets wireless broadband high speed data communication products such as 3rd generation (¡°3G¡±) wireless broadband modules and modems to end users and wireless companies in North and South American countries. Franklin focuses on wireless broadband USB modems, which provides a flexible way for wireless subscribers to connect to the wireless broadband network with any laptop, table PC or desktop USB port without a PC card slot. The Company¡¯s wireless products are based on Evolution Data Optimized technology (¡°EV-DO technology¡±) of Code Division Multiple Access (¡°CDMA¡±), which is a wireless radio broadband data standard adopted by many CDMA mobile service providers; and enable end users to send and receive email with large file attachments, play interactive games, receive, send and download high resolution picture, video, and music contents. It markets its products through original equipment manufacturers (OEMs) and distributors, as well as directly to operators and end users in North and South America. The company was founded in 1982 and is headquartered in San Diego, California. For more information about Franklin Wireless, please visit www.franklin-wireless.com
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.