Franklin Telecommunications Corp.

As of August 25, 2003, Franklin Telecommunications Corp. was acquired by Accetio, Inc. in a reverse merger transaction. Franklin Telecommunications Corp. engages in designing, building, and selling Internet Telephony equipment, also called Voice Over Internet Protocol equipment; and other communications products and subsystems. The company’s suite of Internet telephony solutions enables business communications over the Internet. From the small office home office to the branch office and headquarters operations of medium to large scale corporate America, it offers a call handling solution. From the enterprise to the carrier market, the company deals with ‘convergence’; managing the connectivity; and integration of voice, data, and fax. Its products and services enable connectivity and e-commerce. Franklin is both an equipment supplier and a service provider, offering turnkey business communications solutions to both the carrier and enterprise segments of the Internet Telephony market. The company produces gateways, gatekeepers, and edge servers that provide packet switching solutions that significantly reduce the infrastructure costs associated with communications networks. In addition, through its subsidiary, FNet Corp., Franklin provides traditional switched network, and Internet protocol telephony services and Internet access to businesses and individuals. The company's products are marketed through original equipment manufacturers and distributors, as well as directly to end-users. Its customers are located primarily in the United States, Canada, South America, Asia, and parts of Europe in a range of industries, including financial services, government, telephone services, and manufacturing. The company’s principal competitors include Cisco Systems; Lucent Technologies, Inc.; Nortel Networks Corporation; VocalTec Communications, Ltd.; Earthlink; IDT; America Online; Microsoft; AT&T; Bell Operating Companies; and Comcast.