Chadmoore Wireless Group 2000 Revenues Increase 21.4%.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--April 5, 2001

Chadmoore Wireless Group, Inc. (OTCBB:MOOR) announced that revenues for the year ended December 31, 2000 were $7.4 million, an increase of 21.4% from the previous year's $6.1 million. During 2000, the Company maintained its service margin of 71.2%, while growing the service revenue by $1.7 million or 34.2% to $6.8 million in 2000 from $5.1 million in 1999. Loss applicable to common shareholders for the year was $21.1 million, or $0.41 per common share compared to $12.3 million, or $0.28 per common share for 1999.

As of December 31, 2000, Chadmoore had approximately 41,700 subscriber units in service in the markets in which it had begun loading customers and completed commercialization. The Company is currently operating in markets nationwide.

In August 2000, the Company signed a definitive agreement and plan of reorganization with Nextel Communications, Inc. under which Nextel will acquire substantially all of the Company's assets in a tax-free reorganization for approximately $160 million of Nextel's Class A common shares, subject to certain closing adjustments and limitations. The agreement and plan of reorganization is subject to the approval of the Company's shareholders and the satisfaction of customary closing conditions contained in the acquisition agreement, including receipt of all necessary regulatory approvals. Although the Company and Nextel have received early termination of the waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the approvals of the Federal Communications Commission, the Securities and Exchange Commission and the Company's shareholders have not yet been obtained. In addition, due to the recent decline in the trading price of Nextel shares, if the Nextel trading price remains at current levels until the closing, there would be a $112 million reduction in the anticipated value to the Company of the transaction. Accordingly, although the Company's board of directors and its officers, directors and principal shareholders have signed agreements with Nextel to support the Nextel transaction, management of the Company believes that there may be a significant chance that the decline in the anticipated value of the transaction would make the necessary approval of the Company's shareholders difficult to obtain.

Due in part to the planned transaction with Nextel, in August 2000, the Company began scaling back its business activities and eliminating its direct sales force in an effort to reduce operating expenses. The Company also arranged to borrow up to an aggregate of $32.5 million from Barclays Bank PLC in order to pay amounts due under the Company's existing credit facility and finance the Company's interim operations. In the event that the Nextel reorganization agreement is terminated, Barclays' obligation to continue advancing funds to the Company will cease as of the date of such termination, and the principal balance of the interim financing will have to be repaid by the Company on or before June 30, 2002. Accordingly, in the event of the termination of the Nextel agreement, the Company anticipates that the proceeds from the Barclay's funding will not be sufficient to satisfy the Company's contemplated cash requirements for more than 60 days beyond the date of such termination.

If the proposed transaction with Nextel is completed, it is expected to close in the second half of 2001. Subsequent to the closing of this transaction, the Company is expected to be dissolved as required to maintain the contemplated tax-free status of the transaction, and all of the Company's remaining assets are expected to be liquidated.

                                                      YEAR  ENDED
                                                        Dec. 31
                                               ----------------------
                                                    2000        1999
                                               ----------  ----------
                                                    ($ in thousands)
Revenues:
     Service revenue                               $6,789      $5,059
     Equipment sales and maintenance                  586       1,015
                                               ----------  ----------
       Total revenues                               7,375       6,074

Operating expenses:
     Cost of service revenue                        1,954       1,387
     Cost of equipment sales and maintenance          287         582
     General and administrative                    12,650      10,165
     Depreciation and amortization                  2,306       2,033
     Write down of licenses                         5,152          --
     Write down of inventory                          320          --
                                               ----------  ----------

       Total operating expenses                    22,669      14,167
                                               ----------  ----------

Loss from operations                              (15,294)     (8,093)

Other income (expense):
     Minority interest                               (275)       (251)
     Interest expense, net                         (4,959)     (3,598)
     Gain on sale of intangible assets                124         374
                                               ----------  ----------
                                                  (5,110)      (3,475)

Net loss before extraordinary item                (20,404)    (11,568)
Extraordinary item from early
 extinguishment of debt                                --        (195)
                                               ----------  ----------
Net loss                                          (20,404)    (11,763)

Series B preferred stock dividend                      --         (18)
Redeemable preferred stock
 dividend and accretion                              (694)       (532)
                                               ----------  ----------

Loss applicable to common shareholders           $(21,098)   $(12,313)
                                               ==========  ==========

Basic and diluted loss
 per share of Common Stock:

Loss applicable to common shareholders
       before extraordinary item                   $(0.41)     $(0.28)
Extraordinary item from early
 extinguishment of debt                                --          --
Loss applicable to common shareholders             $(0.41)     $(0.28)
                                               ==========  ==========


Basic and diluted weighted
 average shares outstanding                    51,990,155  43,273,948
                                               ==========  ==========

Chadmoore Wireless Group, Inc., is a national leader in providing reliable one-to-one wireless voice communications for cost conscious businesses. The Company owns or manages approximately 4,800 FCC licensed frequencies in the 800 MHz and 900 MHz frequency bands in 180 markets covering a population base of more than 55 million people. There are over 15 million users in the United States, such as delivery fleets, construction contractors, transportation services, health care services, that rely on wireless SMR to meet their primary communications needs

This press release contains forward looking statements as that term is used in Section 21E of the Securities Exchange Act of 1934. These statements contain words such as "intends", "planned", "future", "expects" and "believes" and include statements regarding the Company's strategy, expansion efforts, efforts to obtain funding. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Such risks and uncertainties include, without limitation, the risk that the proposed transaction with Nextel Communications, Inc. will not be completed or that it will not be completed on terms that are as favorable to the Company and its shareholders as the transaction that is currently proposed, regulatory delays or denials both in connection with the proposed transaction with Nextel and in connection with the Company's business generally, the lack of availability of sources of capital to fund the Company's operations and the repayment of the Company's significant outstanding debt in the event that the proposed transaction with Nextel is not completed, the lack of any presently established alternate purchaser of the Company's assets or other acquisition partner in the event that the transaction with Nextel is not completed, fluctuations in demand, loss of subscribers, the quality and price of similar or comparable wireless communications services, the existence of well-established competitors who have substantially greater financial resources and longer operating histories, adverse results in pending or threatened litigation, consequences of actions by the FCC, and general economic conditions. The forward looking statements should be considered in the context of these and other risk factors disclosed in the Company's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-KSB and Quarterly Reports on Form 10-QSB available online at http://www.sec.gov. All forward looking statements are based on information available to the company on the date hereof, and the Company assumes no obligation to update such statements.

FOR MORE INFORMATION www.chadmoore.com