August 27, 2001

PC-EPhone, Inc. proudly announces the signing of Objectiva Software Inc. as a preferred development partner. The PC-EPhone device is the world's first convergence device utilizing Windows CE. It is a combination of a handheld personal computer with full Internet access, a cellular phone, PDA and an organizer all-in-one. Under the agreement, Objectiva will develop software applications for the PC-EPhone.

David C. Meltzer, Chief Executive Officer and President of PC-EPhone said, "Objectiva's experience in the wireless arena and their ability to rapidly develop applications and prototypes on the Windows CE platform makes them a great resource to assist us to build and enhance applications for our device." He added, "Their relationship with one of the largest software companies in China will provide us the ability to tap into a virtually limitless technical pool in order to scale up our development efforts to rapidly meet the market demands of our product."

J. Douglas Winter, General Manager of Objectiva Software Solutions said, "I am very excited about this relationship with PC-EPhone and the opportunity to develop applications on such a cutting edge device. We will develop applications that make use of the Windows CE platform as well as the phone features; convergence is finally upon us, and it provides us with very exciting opportunities to build new applications."

 

About PC-EPhone, Inc.
PC-EPhone, Inc. is the exclusive US and Canadian distributor of the PC-EPhone and the Company also has the right of first refusal for Cyberbank's future products. The PC-EPhone is the world's first wireless convergent device which combines the capabilities of a handheld personal computer with full Internet access, a cellular phone, a PDA and an organizer all-in-one. For more information visit the website at www.pc-ephone.com.

About Objectiva Software Solutions
Objectiva Software Solutions is a privately held global software development services company, headquartered in San Diego, CA, with offices in Beijing, China. Objectiva provides its clients with experienced teams, managed by US-based technical leaders, with expertise in managing global software development efforts. Objectiva's teams have many years of expertise is in architecting enterprise software solutions (J2EE, COM+ and MS .NET), web-based and client-server applications, and software for the wireless Internet. Objectiva provides its clients with the ability to reduce cost of software development without sacrificing quality, on-time delivery and time-to-market. With its affiliation with one of the largest software companies in China, Objectiva provides its clients in the US with affordable scalability and access to more than 2200 software developers, making it an emerging leader in the software outsourcing market.

For further information, contact us at information@objectivasoftware.com or visit us at www.objectivasoftware.com.

PC-EPhone, Inc.
The Pinnacle Group, LLC.
Aware of Financial USA

For further information contact:
Keith Patey (keithpatey@pc-ephone.com) Phone: (604) 633-0600 Ext.27
Mark Cohen (mark@pinnaclegroupny.com) Phone: (516) 773-2477
Jeffery Friedland (jof@friedlandcapital.com) Phone: (303) 282-5767

Statements included herein that state the Company's or Management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements that involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed as implied by such statements.