SOURCE: Franklin Wireless Corporation

Franklin Wireless Corporation

February 16, 2011 21:00 ET

Franklin Wireless Provides Notice to Shareholders of Approval of Stock Option Plan

SAN DIEGO, CA--(Marketwire - February 16, 2011) - Franklin Wireless Corp. (OTCBB: FKWL), the market leader in dual-mode WiMAX and CDMA modems for 3G and 4G wireless broadband data communications, today provided notice to its shareholders of the approval of the Company's 2009 Stock Option Plan, which included increasing the number of shares available under the plan by 700,000, to an aggregate of 2,000,000 shares. The Company's notification is on file with the SEC and is available on the Franklin Wireless website at:

www.franklinwireless.com/image/IR/franklin%20def14c%2002-10-11.pdf

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 Information