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CELLULAR COMMUNICATIONS INTERNATIONAL, INC. ANNOUNCES OPERATING RESULTS FOR FIRST QUARTER 1993

 NEW YORK, May 14 /PRNewswire/ -- Cellular Communications International, Inc. (NASDAQ: CCIL) ("CCLL") announced today its operating results for the three months ended March 31, 1993.
 CCII's activities to date have focused on acquiring ownership interests in overseas cellular telephone systems in partnership with other companies. Currently, CCII's primary assets are its investment in Omnitel, an Italian joint venture organized to apply for a cellular telephone license in Italy (including San Marino and Vatican City), if and when the Italian government makes such a license available, and its agreement to invest in Sterling Cellular Ltd., which applied for cellular telephone licenses in the cities of New Delhi, Madras, Bombay and Calcutta, India.
 CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
 (In thousands, except per share data)
 Periods ended March 31 1993 1992
 General & administrative
 expenses $ 370 $ 211
 Depreciation expense 1 --
 Operating (loss) (371) (211)
 Interest and dividend income 108 208
 Net (loss) (263) (3)
 Net (loss) per common share $ (.04) $ (.00)
 Weighted average shares 6,644 6,636
 Discussion of First Quarter Results
 General and administrative expenses increased from $211,000 to $370,000 because of increases in payroll and corporate overhead expenses related to efforts to obtain ownership interests in overseas cellular telephone systems.
 Depreciation expense increased from none to $1,000 because CCII purchased equipment in the second quarter of 1992.
 Interest and dividend income decreased from $208,000 to $108,000 due to lower interest rates earned on investments as a result of the mandatory redemption of the CCI preferred stock in January 1993.
 CCII applied the Financial Accounting Standards Board Statement No. 109, "Accounting for Income Taxes," during the first quarter of 1993. Application of the new rules resulted in no effect on CCII's results of operations primarily because CCII recognized net deferred tax assets after a valuation allowance only to the extent of its deferred tax liability.
 -0- 5/14/93
 /CONTACT: William B. Ginsberg, president, 212-906-8480, or Thomas Tesluk, senior vice president, 212-906-8488, both of Cellular Communications International, Inc./
 (CCIL)


CO: Cellular Communications International, Inc. ST: New York IN: TLS SU: ERN

TM -- NY004 -- 8473 05/14/93 08:59 EDT
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Date:May 14, 1993
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