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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