ANDRADE GUTIERREZ TELECOMUNICACOES ACQUIRES RIGHTS TO THE CELLULURVISION SYSTEM TO PROVIDE TELECOMMUNICATIONS SERVICE IN BRAZIL.

FREEHOLD, N.J.--(BUSINESS WIRE)--January 25, 1995--CellularVision Telecommunications ("CT&T") announced today that Andrade Gutierrez Telecomunicacoes Ltda, of Rio De Janeiro, has been granted the exclusive rights to utilize the patented CellularVision(TM)(SM) technology to provide a variety of telecommunication services throughout Brazil.

In a joint statement, Celso Quintella, Director of Andrade Gutierrez Telecomunicacoes, Ltda, stated, "We are excited about the prospect of introducing the CellularVision(TM)(SM) telecommunication system to Brazil. In countries where the hard wire infrastructure is limited, it is important to provide broadband services to users who otherwise would never have access to the Information Superhighway. In addition to conventional and pay television services, the CellularVision system would enable us to provide affordable remote educational and health support services to Brazilians."

Shant Hovnanian, chief executive officer of CT&T, explained, "We will work in conjunction with Andrade Gutierez Telecomunicacoes Ltda. to implement the CellularVision telecommunication system expeditiously, enabling both businesses and consumers to have greater access to multimedia services. CellularVision's `Fiber in the Sky'(TM) technology will efficiently deliver to millions of Brazilian citizens multi-channel video services at a fraction of the cost charged by the cable industry."

The Brazilian government has granted initial licenses to Andrade Gutierrez Telecomunicacoes to provide telecommunication services in three major cities; Sao Paulo (population 13 Million), Rio De Janeiro (population 7 million), and Brasilia (population 1.5 million).

Andrade Gutierrez Telecomunicacoes, Ltda. is a wholly owned subsidiary Construtora Andrade Gutierrez, SA. Established in 1948, Construtora Andrade Gutierrez, is one of the ten largest private corporations in Brazil, operating mainly in the heavy construction sector. The company's overseas operations cover Latin America, Africa, Europe, Asia, the Caribbean as well as the United States. In addition to the heavy construction sector, the Andrade Gutierrez group has diversified and is present in a wide range of activities including telecommunications, diamond mining, production of offshore drilling equipment, and agricultural and stockbreeding concerns.

CellularVision Technology and Telecommunications, L.P., is the holder of the patented wireless broadband multi-channel video system, capable of providing interactive services including video teleconferencing, telephony, data services and a host of other multimedia services envisioned for the information superhighway. Partners include: Shant Hovnanian, Vahak Hovnanian, Bernard B. Bossard, inventor of the technology, and Philips Electronics North America Corp.

CONTACT: CellularVision Technology & Telecommunications

Kevin Hart, 212/751-0900

212/751-1299 (FAX)