CBCom Announces Wireless Broadband.

Business Editors

ENCINO, Calif. & BEIJING--(BUSINESS WIRE)--Aug. 13, 2002

CBCom Inc. (OTCBB: CBCI) today announced that it is introducing wireless broadband access and control to provide a turnkey solution to companies as well as large public forums such as airports, hotels and hospitals. CBCom has already signed up a hospital, a number of hotels and a club in Beijing.

CBCom introduces its own wireless and wired broadband access products based on a centralized server located in one of its main IT centers, and low cost satellite servers located in each of its customer locations. CBCom's products are distinguished from other competing products in that they are sold as part of a total broadband control solution and CBCom will earn revenue on both broadband access and maintenance contracts. The system allows the operation of a comprehensive wireless and wired broadband network with no local IT maintenance staff required.

CBCom's products are one of the fastest and easiest systems to implement. All system maintenance, backups, and software updates are handled remotely. Customer installed hardware is modular and any failure of any network component can be restored within minutes.

The solution allows local operators to completely control their networks through access to CBCom's centralized management servers. Customers enjoy a full suite of billing options that can integrate with their existing billing systems, with provisions for advertising and other value-added services.

In a recent interview, Gordon Gao explained that "With all the expectations of growth in wireless broadband, it is still virtually unused in China. Even where there are multiple users, such as public access in shopping centers, internet cafes, etc., the major carriers continue to struggle to efficiently install broadband. We have found a quick and low cost way to allow anyone to enjoy wireless and wired broadband and we make money on the broadband access and maintenance contract fees. The flexibility of the system's bandwidth control and billing integration capabilities make it just as useful for a hotel as it is useful for managing networks in a large office building. Wireless broadband revenues are no longer reserved for the large telecoms."

About CBCom Inc.

CBCom Inc., through its strategic partnership, is the fastest-growing non-state-owned Internet Service Provider in China, with a subscriber base of over 400,000. CBCom has assembled a core management team experienced in start-up operations, financial management, marketing and the Chinese telecom market.

For more information, see www.cbcom.net.

Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including but not limited to such factors as market demand, pricing, and changes in worldwide economic conditions. This report should be read in conjunction with the Company's annual report on Form 10-K and its quarterly reports on Form 10-Q.