Franklin Covey Co. Announces Launch Of New FranklinCovey China, Company's Fourth International Direct Office

Franklin Covey Co., (NYSE: FC) announced today the launch of FranklinCovey China, making China the fourth country outside the U.S. in which it operates direct offices. FranklinCovey China will consist of offices in Beijing, Shanghai and Guangzhou in the People's Republic of China. These offices have been operating for the past 15 years under a license agreement.

"We are excited to welcome the 550 clients and 52 employees in the offices in the People's Republic of China into the family of global FranklinCovey direct offices," said Bob Whitman, FranklinCovey CEO. "We look forward to building on the tremendous foundation created over the years, deepening the results which our clients achieve, and accelerating our growth."

Over 300 guests representing more than 200 companies attended kickoff events in Beijing and Shanghai to hear from members of the FranklinCovey executive team as they shared research and knowledge about what is required for organizations to create company cultures which are able to achieve sustained superior performance.

"It was a thrill to meet many of FranklinCovey's top clients in China, to see the great things they are accomplishing, and understand some of the challenges which they believe FranklinCovey can help them address. FranklinCovey's content and solutions have always been well received, and the presentations during our kickoff events provided our clients with an expanded vision of the breadth of FranklinCovey's solutions and capabilities," continued Whitman. "We are already seeing demand from those in attendance, with nearly 50 organizations having scheduled executive overviews with our China team to learn more about how our offerings provide them with the solutions which can help them accelerate change in their organizations."

FranklinCovey has named Ronnie Tan as the new President of FranklinCovey China. Tan previously managed FranklinCovey's licensee offices in China, Hong Kong, Singapore and Taiwan, where he was responsible for the significant growth which occurred, and also assisted in managing the transition process during and beyond the licensing period.

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