SOURCE: Franklin Wireless Corporation

October 10, 2006 16:11 ET

Franklin Wireless' USB Broadband Modem Grows Stronger in Venezuela After Being Selected by the Two Largest Carriers

SAN DIEGO, CA -- (MARKET WIRE) -- October 10, 2006 -- Franklin Wireless Corp. (PINKSHEETS: FKLT), a developer and marketer of wireless broadband communication devices and applications, and the first to introduce a USB dongle modem, announced today that its mobile broadband USB modem has been shipped to the two leading wireless carriers in Venezuela. Both Cantv Movilnet and Movistar Venezuela have received their shipments, and are offering wireless service in Venezuela to their subscribers. The Franklin Wireless CCU-550 purchased by both carriers amounted to a total of $1 million based on distributor price.

The introduction of Franklin Wireless' USB mobile broadband modem in the Venezuelan market arose after the launch of Franklin Wireless' EVDO CDU-550 in the United States. The CDU-550 mobile broadband USB modem enables wireless subscribers using Tablet PC, MAC laptop and desktop users that do not have a PCMCIA card slot to connect to the Internet to receive information with broadband-like speeds anywhere there is data service. This product is immediately available for purchase. For more information about CDU-550 please visit, www.franklin-wireless.com.

About Franklin Wireless

Based in San Diego, California, Franklin Wireless Corporation (PINKSHEETS: FKLT), a leading developer and marketer of wireless broadband communications devices and applications, designs, develops, manufactures and markets wireless products for the global subscribers. At present, the company markets its products to North America, Central America, South American and the Caribbean carriers and major distributors. 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.

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