Franklin Wireless Announces Fiscal 2010 Revenue Estimate of $100 Million

Franklin Wireless Announces Fiscal 2010 Revenue Estimate of $100 Million

SAN DIEGO, CA–(Marketwire – 09/07/10) – Franklin Wireless Corp. (OTC.BB: FKWLNews), the market leader in dual-mode WiMAX and CDMA modems for 3G and 4G wireless broadband data communications, today announced its preliminary revenue estimate for the full 2010 fiscal year ended June 30, 2010.

 

Based upon the company’s preliminary estimates, total revenue is expected to be approximately $100 million for the full 2010 fiscal year, which represents more than a 300% increase over the fiscal 2009 period. In addition, the company announced that it was profitable in each quarter of the 2010 fiscal year.

 

Franklin Wireless’ preliminary estimates remain subject to review by its auditor and are subject to change.

 

The company will be filing its annual 10-K report by September 28, 2010.

 

About Franklin Wireless
Franklin Wireless Corp. (OTC.BB:FKWLNews) is engaged in the design, manufacture and sale of high speed wireless data products including third generation (“3G”) and fourth generation (“4G”) modems, routers and modules. Our current products are focused on widely deployed cellular technologies including CDMA EVDO Rev A, HSPA, WiMAX and LTE. We were the world’s first supplier of both CDMA EVDO Rev A and dual-mode (CDMA EVDO Rev A/WiMAX) Universal Serial Bus (USB) modems. Franklin’s other products include Wi-Fi “hotspot” routers (which operate over WiMAX or CDMA networks) and wireless modules that are generally sold to original equipment manufacturers (OEMs). Our company’s primary customers are wireless carriers who seek innovative, reliable and cost effective technology solutions for their subscribers. Our customer base extends from the United States to South America and the Caribbean.

Franklin Wireless is headquartered in San Diego, California and has a majority ownership position in Franklin Technology Inc. (FTI), a research and development facility located in Seoul, South Korea. FTI provides design, development and manufacturing services to Franklin for its wireless data products. For additional information, please visitwww.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:
Rick Walker
Franklin Wireless Corp.
Email: rick.walker@franklinwireless.com
(858) 623-0000