CNE Group, Inc. Completes Last Phase of Nevada DOT Remote Video and Emergency Response Solution.

NEW YORK -- CNE Group, Inc. (AMEX: CNE) today announced that its subsidiary, Connectivity, Inc., has completed the last phase of a contract for the installation of wireless remote emergency call boxes on I-15 (Phase I) and wireless remote video poles on I-80 (Phase II) for the Nevada Department of Transportation.

Phase I was completed in April on I-15 from the California state border to the Las Vegas city limits and this highly utilized system has since experienced a zero-rate failure.

Phase II, just completed, is a wireless broadband data solution to support 5 video cameras on I-80 covering approximately 200 miles from the town of Winnemucca to the Utah state border. Cameras were placed at existing remote weather stations located on mountain passes along I-80 to provide real-time monitoring of road conditions at these summits and to confirm remote weather station data. The solution utilized a combination of technologies including Motorola Canopy(TM), DV-TEL MPEG-4(TM) video encoders, and Connectivity's proprietary custom software to view the video feed at the Nevada DOT's Traffic Management Center (TMC) located in Elko, NV. This monitoring solution will also provide sufficient bandwidth to support future control of road sensors, variable message signs, traffic counters and other network connections. The contract was fulfilled on-time and on-budget.

"So far, this project has been a terrific success for both the NDOT and Connectivity. The installation went smoothly, the cooperation between the parties was extremely good, and the on-site training and functionality of the system exceeded expectations," stated Kenneth Wiley of the NDOT. Thomas Sullivan of Connectivity responded that "Its a pleasure doing business with the NDOT - it has been a great joint effort. George W. Benoit, CNE's Chairman, added "The successful completion of this phase of the contract, which expires in late 2008, will enable any Nevada taxing authority to order, without bid, the Company's full range of products including call boxes, video products and proprietary software. In addition, it showcases our remote video and emergency response solutions including those utilized for homeland security applications."

CNE Group, Inc.

CNE Group, Inc.'s primary operating subsidiaries are SRC Technologies, Inc. and U.S. Commlink, Ltd. SRC is the parent of Connectivity, Inc. and Econo-Comm, Inc. (d/b/a Mobile Communications). Connectivity, U.S. Commlink and Mobile Communications market, manufacture, repair and maintain wireless radio and cellular-based emergency response and intelligent traffic systems primarily to a variety of federal, state and local government institutions, Their products and expertise address the unique requirements of the homeland security initiative and other emergency response/surveillance markets. The Company has intellectual property rights to certain key elements of these products - specifically, certain communication, data entry and telemetry devices.

CNE is located at 200 West 57th Street, New York, NY 10019 (212-977-2200). SRC, Connectivity and Mobile Communications are located at 3733 NW 16th Street, Lauderhill, FL 33311 (954-587-1414). U.S. Commlink is located at 6244 Preston Avenue, Livermore, CA 94550 (925-960-0097).

Certain statements in this press release constitute "forward-looking statements" relating to CNE Group, Inc. and its subsidiaries (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.