PC EPHONE (OTC BB: PCPH) 
Latest price: 78 cents


Check out this awesome device at http://www.pc-ephone.com 
Comparing the 16,197,039 common shares of PC EPHONE 
outstanding as of October 31, 2001 with the market 
capitalization of a company such as PALM, this is a stock 
that really could be about to fly.

With news of carrier approval expected soon, there could be 
a huge win here. PCPH was over $6 earlier this year and 
that was well before all the recent exciting events. 


PC-EPHONE HONORED AT COMDEX FALL 2001

SAN DIEGO--Nov. 15, 2001--PC-EPhone, Inc. (OTCBB: PCPH 
Frankfurt: NL1, WKN 589864) is pleased to announce that it 
has been honored at Comdex Fall 2001 in Las Vegas by 
industry experts. On the first day of Comdex, the PC-EPhone 
device won the Positive Image News & Reviews Editor's 
Choice Award. The article referred to the PC-EPhone device 
as ``light years ahead of the rest'' and stated that ``PC-
EPhone has bestowed upon us a historical moment to view a 
product of such magnitude in design and innovation.'' The 
full article can be accessed at 
http://www.positiveimagenews.com/comdex/pcephone/index.html.
 

In addition, for an unprecedented second year the PC-EPhone 
device was selected a finalist for ``Best of Comdex''. This 
year the PC-EPhone device was nominated in the 
Mobile/Handheld System category along with products from 
Toshiba and Handspring. Last year the device was the 
finalist in the ``Best of Comdex'' Wireless/Mobile Product 
category. 

``We are pleased and honored to have been selected and 
nominated by leading industry experts for such 
recognition,'' said David Meltzer, CEO and President, of PC-
EPhone, Inc. ``We are proud of our development partner, 
Cyberbank Corp., and their dedication to making such fine, 
world-class wireless devices.'' 

About PC-EPhone, Inc. 

PC-EPhone, Inc., through its wholly owned subsidiary, is 
the exclusive U.S. and Canadian distributor of the PC-
EPhone device and the Company also has the right to co-
develop Cyberbank Corp.'s (the developer of the PC-EPhone 
and a major shareholder of the Company) future devices. 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. 

http://www.pc-ephone.com 

This news release contains forward-looking statements which 
are made pursuant to the ``safe harbor'' provisions of the 
United States Private Securities Litigation Reform Act of 
1995. All statements other than statements of historical 
fact are statements that could be deemed forward-looking 
statements, including any statements of the plans, 
strategies, and objectives of management for future 
operations; any statements concerning proposed new 
products, services, or developments; any statements 
regarding future economic conditions or performance; 
statements of belief and any statement of assumptions 
underlying any of the foregoing. The risks, uncertainties 
and assumptions referred to above include employee 
management issues; technological changes; dependence on 
intellectual property rights; the timely development, 
production and acceptance of products and services and 
their feature sets; the challenge of managing asset levels, 
including inventory; the flow of products into third-party 
distribution channels; the difficulty of keeping expense 
growth at modest levels while increasing revenues; and 
other risks that are described from time to time in PC-
EPhone's Securities and Exchange Commission reports, 
including but not limited to the annual report on Form 10-
KSB for the year ended December 31, 2000, and subsequently 
filed reports. PC-EPhone assumes no obligation and does not 
intend to update these forward-looking statements. 


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