CNE Group Announces Contract with Metropolitan Transportation Commission of California.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 5, 2004

CNE Group, Inc. (AMEX:CNE) today announced that its subsidiary, U.S. Commlink, has been approved to commence work for the Metropolitan Transportation Commission (MTC SAFE) of the State of California. This project is the first phase in the implementation of the Call Box Strategic Plan to upgrade the aging system with better access to the call box site and updated electronics. Commenting on this new contract, Tom Leyen, U.S. Commlink president, stated, "We are very happy to have been awarded the opportunity to do this work. We will be able to apply over 15 years of call box project experience and an intimate knowledge of the MTC system to ensure a successful project. We are excited about our relationship with the MTC, and look forward to doing more work for them as year goes on."

George Benoit, Chairman of the CNE Group, added, "We believe this is a significant opportunity for our company to provide quality service to the San Francisco metropolitan area SAFE. We are aggressively seeking opportunities to deploy our ADA compliant digital intelligent traffic solutions across the United States."

About CNE Group, Inc.

CNE Group, Inc. (AMEX:CNE), through its subsidiaries, is a provider of solar- powered wireless communication solutions for the Intelligent Traffic Systems (ITS) market. Our devices and software solutions allow various ITS applications the ability to transmit voice and data over any wireless protocol. We design, manufacture, distribute, maintain and service remote response devices for state and local governments, public and private institutions and many other niche markets. CNE Group, Inc. is built around patented or proprietary technologies that have allowed it to work with some of the largest companies in the wireless industry.

The company also generates revenue from its CareerEngine division that is engaged in the business of e-recruiting.

CNE Group, Inc. and CareerEngine are located at 200 West 57th Street, New York, NY 10019 (212-977-2200). Operating subsidiaries located in Lauderhill, Florida, are SRC Technologies, Inc., Connectivity, Inc., and Mobile Communications; U.S. Commlink, Ltd., is located in Livermore, California.

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.