Franklin Credit Management Corporation Announces the Public Offering of Common Stock and Listing on Nasdaq

Franklin Credit Management Corporation Announces the Public
Offering of Common Stock and Listing on Nasdaq 


NEW YORK, July 19  /PRNewswire-FirstCall/ -- Franklin Credit Management
Corporation (NASDAQ:FCMC) (the "Company") announced today that it has entered
into an underwriting agreement with Ryan Beck & Co., Inc. ("Ryan Beck") for the
sale of 1,100,000 shares of its common stock.  The offering was priced at
$11.50 per share.  The Company also announced that its common stock has ceased
to be quoted on the Over-the-Counter Bulletin Board under the symbol "FCSC" and
is scheduled to commence trading on The Nasdaq National Market under the symbol
"FCMC" when the market opens on Wednesday, July 20, 2005.

Ryan Beck is the sole underwriter for the offering and will be granted an
option, exercisable for a period of 30 days, to purchase up to an additional
15% or 165,000 shares of the offering to cover over-allotments, if any.  The
offering proceeds will be used for working capital and for general corporate
purposes.

The offering was made pursuant to a registration statement filed with the
Securities and Exchange Commission, which has been declared effective.  To
receive a copy of the prospectus for the offering, contact Ryan Beck & Co.,
Inc., 18 Columbia Turnpike, Florham Park, New Jersey 07932 or via phone at
800-342-2325.  An electronic copy of the prospectus will also be available on
the Securities and Exchange Commission's website at http://www.sec.gov/.

Franklin Credit Management Corporation is a specialty consumer finance company
primarily engaged in two related lines of business: (1) the acquisition,
servicing and resolution of performing, reperforming and nonperforming
residential mortgage loans and real estate assets; and (2) the origination of
non-prime mortgage loans both for the portfolio and for sale into the secondary
market. 

DATASOURCE: Franklin Credit Management Corporation



CONTACT: Paul Colasono, CFO of Franklin Credit Management Corporation,

[phone] ext. 169, 

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