Franklin Wireless Records Triple-Digit Percentage Sales Growth in Fiscal Year 2008

SAN DIEGO, CA--(Marketwire - September 26, 2008) - Franklin Wireless Corp. (OTCBB: FKWL), a developer and marketer of wireless broadband communications devices and applications, announced strong sales and an increase in profit for the fiscal year ended June 30, 2008, driven by substantial demand for the company's USB modem products.

Net sales increased 233.6 percent to $34.7 million for the fiscal year, compared with $10.4 million in sales for the fiscal year ended June 30, 2007. Sales during the year were a result of significant demand for CDMA USB products in North America, the Caribbean, and South America.

In the Caribbean and South America, net sales of CDMA USB modem products jumped by $19.6 million, or 343.8 percent, to $25.3 million for the year ended June 30, 2008, compared with $5.7 million in sales the previous year. North American sales of CDMA USB modem products increased by $5.1 million, or 118.9 percent, to $9.4 million for the year ended June 30, 2008, compared with $4.3 million in sales the previous year.

The jump in sales of CDMA USB modems drove Franklin Wireless' gross profit margins, which increased by $5 million, or 185.5 percent, to $7.7 million for the fiscal year. Gross profit was 22.2 percent of net sales for the fiscal year, compared with 26 percent for the corresponding period in 2007. The overall decrease in gross profit as a percent of net sales was primarily attributed to competitive pricing pressures in the USB modem market.

"Our strong position in the CDMA USB market continues to fuel our tremendous growth," said Franklin Wireless President O.C. Kim. "We are also making significant headway in the WCDMA/HSPA and WiMAX market with high-end solutions."

Franklin Wireless products are marketed through distributors, as well as directly to operators and end users. The company offers a full range of mobile broadband solutions of CDMA 1xEV-DO Rev.0 and Rev. A technologies, WCDMA solutions that include HSDPA/HSUPA and WiMAX solutions based on the IEEE 802.16 standard.

About Franklin Wireless

Franklin Wireless Corp. (OTCBB: FKWL) designs and markets wireless broadband high speed data communication products such as third generation ("3G") and fourth generation ("4G") wireless broadband modules and modems to end users and wireless companies in North and South American countries. The company was founded in 1982 and is headquartered in San Diego, California. For more information about Franklin Wireless, please visit www.franklinwireless.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.