CBCom Awarded Mobile Access Number and Begins Mobile Value-Added Services.

Business Editors

ENCINO, Calif. & BEIJING, People's Republic of China--(BUSINESS WIRE)--Jan. 16, 2002--CBCom Inc. (OTCBB:CBCI) today announced that its strategic partner in the People's Republic of China (PRC), Beijing Chinet Information Technology Co. Ltd. (Chinet), has been awarded the special access mobile telephone number 9577 to provide access for its enhanced mobile Small Message System (SMS) services.

As part of CBCom's plan to add value-added services to its ISP operations, Chinet has been in development of an enhanced SMS server system. This system is capable of managing SMS messaging, gaming, chat, and feature down-loading to be available to all of China's mobile subscribers (China now has the largest population of mobile users in the world, with approximately 140 million subscribers). While other systems have been in existence, the newly developed software by Chinet is compatible with a greater selection of mobile phones, more than any other system currently available.

The special 9577 phone number will allow these services that were only available via computer connection to the Internet to be accessed directly through a mobile call. By dialing the 9577 number it will connect the user to the services from any location where the enhanced SMS messaging functions will be available.

The server software is currently being Beta tested by Chinet and qualified (to meet certain systems qualifications) by China Mobile, one of China's two mobile carriers, testing to be completed within two weeks. Full deployment of the server system is expected to be completed within the next two months. Once operational, a percentage of the fees collected by the mobile carriers for the SMS service usage will be paid to Chinet.

CBCom's CEO Max Sun stated, "This is an important step in realizing our goals to reach into other areas of Internet access. We believe the wireless market will have the same amount of users as the broadband and narrow band (dial-up) methods. We are now positioned to receive early mobile revenues without the necessity to build a costly wireless infrastructure."

Key alliances have been reached among the largest companies in China to provide cooperative marketing and promotion of the services. This mobile service will soon be partnered with the existing ISP services to provide a total mobile/Internet solution. This is expected to enhance customer loyalty and to boost ISP and SMS revenues.

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.