SAN DIEGO, CA–(MARKET WIRE)–May 13, 2005 — Franklin Wireless Corporation (Other OTC:FKLT.PK – News) (http://www.fklt.com/), an emerging developer/manufacturer/marketer of wireless communications devices, today announced the appointment of Ha Jin Jhun as Chief Executive Officer as of April 15th, 2005. Mr. Jhun brings 20 years of high tech high-level management experience to Franklin Wireless. Mr. Jhun was chosen as one of the world’s 100 “Technology Pioneers” by the World Economic Forum (http://www.weforum.org/) in 2001 for his outstanding managerial and marketing performance as the CEO of Haansoft, Korea’s most prestigious software company.
During the time he served as the CEO of Haansoft, his managerial skills proved to be the driving force behind the company’s dramatic rise to the top of the industry while the rest of the Asia struggled during the financial crisis of 1998. Haansoft, producer and marketer of the Korean word processor software (‘Hangul’), has been quipped the ‘Microsoft of Korea.’ Holder of the largest market share in Korea since 1990, Haansoft has even fended off competition from the ominous Microsoft, the second largest market shareholder in Korea. Despite the company’s hardship during the 1998 Asian financial crisis, Mr. Jhun successfully recapitalized the company and turned the company back to profitability. Mr. Jhun’s success in turning around the company raised the value of Haansoft to a whole new level — increasing the market cap of the company to $2.5 billion during late 1999.
Mr. Jhun started his professional career at LG Electronics as the system/marketing engineer. After getting the taste of the startup industry during his one-year stay in Japan, he began his own education-related startup software company in the US. Under the name of ‘ZOI World,’ his US-based company profited by exporting its software to sixteen different countries.
Mr. Jhun is currently the Vice Chairman of ‘KOVA (Korea Venture Business Association)’ and represents 10,000 Korea-based startup companies. Furthermore, as the Chairman of the ‘INKE (International Network of Korean Entrepreneur)’ since 2002, he has skillfully managed the global business network for the Korean startup companies with their western counterparts.
He majored in Industrial Engineering at ‘Inha University’ of Korea and has an MBA degree from ‘Yonsei University.’ He also completed the SEIT course at the Stanford University.
“We are extremely pleased welcome Mr. Jhun to Franklin Wireless and look forward to benefiting from his strong expertise in high tech organization leadership and his vast amount of experience in turn-arounds,” stated Gary Nelson, an outside director of the Company. “The addition of Mr. Jhun is critical to Franklin Wireless, which is in need of strong leadership. We are expecting a lot from him.”
“I am delighted to join Franklin and look forward to making an impact by developing and implementing new company vision and strategies to turn this entity around to profitability. I believe Franklin has a lot of potential going forward with its current sales and marketing channels with global wireless carriers and major telecom equipment distributors as well as its strong affiliation to Korea, where CDMA technology was bred. Along with the existing management members, I look forward to restructuring the company’s business model, achieving profitability, sustaining growth and expanding our market globally.”
About Franklin Wireless
Based in San Diego, California, Franklin Wireless Corporation (Other OTC:FKLT.PK – News), an emerging developer of wireless communications devices for the wireless telecommunications industry, designs, develops, manufactures, and markets wireless products for the global wireless subscribers. The company’s product lines incorporate both GSM and CDMA technology, the world’s leading cellular standards. At present, the company markets its products to small to medium-sized North, Central, and South American carriers and major distributors.
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.