SAN DIEGO CA — (MARKET WIRE) — August 10, 2006 — Franklin Wireless Corp. (PINKSHEETS: FKLT), a leading developer and marketer of wireless broadband communications devices and applications, announced it has received a strategic investment of $1 Million from C-Motech Co., Ltd., a Korean corporation. C-Motech Co. is a leading developer, supplier and manufacturer of wireless broadband communications products who has been Franklin Wireless’ partner.
“We are honored to receive this strategic investment from a developing and manufacturer partner,” said OC Kim, President of Franklin Wireless. “This investment validates the confidence C-Motech Co. has in our marketing activities and our business strategies.”
“Our investment in Franklin Wireless is a commitment of C-Motech Co. support of wireless broadband market worldwide,” said James Lee, president of C-Motech Co., Ltd. “The synergy of Franklin’s marketing activities and C-Motech Co. technology will offer the North and South American customers the best quality and service in the wireless broadband data market.”
About Franklin Wireless
Franklin Wireless Corp. is a leading wireless broadband high-speed data communications products provider. Our products are designed, built and marketed worldwide to enable global wireless subscribers incorporating both GSM and CDMA technologies. We offer a variety of high-quality wireless USB modems, PC cards, embedded modules and standalone broadband modems that are used for high-speed voice and data services. The Company’s products are delivered through original equipment manufacturers (“OEMs”) and distributors, as well as directly to network operators and end users. For more information, 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.