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U.S. Commlink, Ltd. Awarded $655,000 Contract for Call Box Retrofit Project

NEW YORK--(BUSINESS WIRE)--Aug. 8, 2003--U.S. Commlink, Ltd. "USCL" (a second tier subsidiary of CNE Group, Inc., AMEX/PCX: CNE) today announced that it has been awarded a $655,000 contract to replace outmoded motorist emergency call box stations in the Posey/Webster Tubes located in Alameda, California. Each station includes a wireless call box and a specially illuminated sign designed for tunnel applications.

This project is part of the Webster/Posey Tubes Seismic Retrofit Project, funded by the California Department of Transportation (Cal/Trans).

The project showcases the versatility of SRC Technologies, Inc.'s, USCL's parent, integrated intelligent traffic systems ("ITS") and call box product applications that are used on highway systems throughout the country. This product is one of the many products within the SRC group of companies. Commenting on receiving this contract, Thomas Leyen, President of USCL said, "We are pleased to have been awarded this contract and hope to expand our work with Cal/Trans. As SRC's technology continues to advance, we plan to be in a position to provide upgraded call boxes/stations wherever they may be needed. We believe that our products are beneficial to motorists in a variety of ways, and we are very happy to be in a position to provide these valuable amenities to drivers in California." George Benoit, Chairman of the CNE Group, added, "We see this as the first of many steps we will be making in executing our new business plan. I am confident that U.S. Commlink and the rest of the SRC group of companies have the means to become a dominant force in the ITS and call box marketplace."

About CNE Group, Inc.

CNE Group, Inc. is a holding company whose primary operating subsidiary is SRC Technologies, Inc. SRC, also a holding company, is the parent of Connectivity, Inc., Econo-Comm, Inc. (d/b/a Mobile Communications) and U.S. Commlink, Ltd. Connectivity, U.S. Commlink and Mobile Communications - the "SRC group of companies" - market, manufacture, repair and maintain remote radio and cellular-based emergency response products to a variety of federal, state and local government institutions, and other vertical markets throughout the United States. SRC has intellectual property rights to certain key elements of these products - specifically, certain communication, data entry and telemetry devices.

The Company also generates revenue from its CareerEngine division that is engaged in the business of e-recruiting.

The Company and CareerEngine are located at 200 West 57th Street, New York, NY 10019 (212- 977-2200). SRC, Connectivity and Mobile Communications are located at 3733 NW 16th Street, Lauderhill, FL 33311 (954-587-1414). U.S. Commlink. is located at 6244 Preston Avenue, Livermore, CA 94550 (925-960-0097).

Certain statements in this press release constitute "forward-looking statements" relating to CNE Group, Inc. and its subsidiaries (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.

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