Franklin Wireless Announces Effective Date of Reverse Stock Split, New Ticker Symbol

SAN DIEGO, CA, Jan 22 (MARKET WIRE) --
Franklin Wireless Corp. (OTCBB: FKLT) announced today that the company's
shareholders have approved the 1 for 70 reverse stock split of its Common
Stock, as well as the reincorporation in Nevada. The reverse stock split
will be effective at the opening of trading on January 22, 2008. The new ticker
symbol is (OTCBB: FKWL).

As a result of the reverse stock split, every 70 shares of Franklin common
stock
will be combined into one share of Franklin common stock. The reverse stock
split
affects all shares of common stock outstanding immediately prior to the
effective
time of the reverse stock split.

"We believe the reverse stock split will reduce the number of outstanding
common
shares to be generally consistent with comparable companies, and better
position our company to apply for a listing on a national securities market or
exchange," said OC Kim, President of Franklin Wireless. "Our goal is to work
towards meeting the listing standards, and the reverse split of our shares
will place us one significant step closer to achieving that goal. Moreover,
the Company believes that a higher share price will broaden Franklin's appeal to
new investors," said Mr. Kim.

In connection with the reverse split, the total number of common shares
authorized under Franklin's Certificate of Incorporation is reduced from
1,200,000,000 to 50,000,000.

About Franklin Wireless

Franklin Wireless Corp. (OTCBB: FKLT) designs and markets wireless broadband
high
speed data communication products such as 3rd generation ("3G") wireless
broadband
modules and modems to end users and wireless companies in North and South
American
countries. Franklin focuses on wireless broadband USB modems, which provide
a flexible way for wireless subscribers to connect to the wireless broadband
network with any laptop, table PC or desktop USB port without a PC card slot. It
markets its products through original equipment manufacturers (OEMs) and
distributors,as well as directly to operators and end users in North and South
America. The
company was founded in 1982 and is headquartered in San Diego, California. For
more information about Franklin Wireless, please 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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