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STEVE FORBES TO DELIVER KEYNOTE AT GLOBAL WIRELESS INTERNET EVENT IN HONG KONG

Pioneers of Wireless Internet Market Gather in Hong Kong for Fifth Annual CDMA World Congress

COSTA MESA, Calif., May 30, 2000 -- Internationally known publisher and global entrepreneur Steve Forbes, president and CEO of Forbes, Inc., will deliver the keynote address at this year's CDMA World Congress on Tuesday, June 13, 2000. Co-hosted by the CDMA Development Group (CDG) and the Institute for International Research (IIR), the Fifth Annual CDMA World Congress takes place June 12-16, 2000 at the Hong Kong Convention and Exhibition Centre. This year's event brings together the world's leading wireless Internet pioneers and celebrates the fifth anniversary of the commercial deployment of CDMA technology.

"The CDG is honored to have Steve Forbes participate in this year's CDMA World Congress," said Perry LaForge, executive director for the CDG. "As an internationally respected professional who monitors the progress of leading companies, Forbes' insight into the business practices of global leaders will provide the Congress attendees with key information about the influence that the mobile industry has on the worldwide economy." "Wireless communications plays a critical role in the global high-tech market, especially in the new digital world of Internet phones and wireless laptop connectivity," said Forbes. "The mobile industry is a growing mass market with significant revenue potential for all involved. I look forward to speaking at the CDMA World Congress and discussing the impact that the wireless industry has on the new economy."

Forbes has been instrumental in the launch of a variety of new publications, including the lifestyle supplement, Forbes FYI; the technology supplement, Forbes ASAP; a Japanese edition of Forbes; the Gilder Technology Report; and Forbes Global Business & Finance. A former presidential candidate, Forbes currently serves on the Board of Trustees of Princeton University, and the boards of The Ronald Reagan Presidential Foundation, and the National Taxpayers Union. Forbes holds a degree in history from Princeton.

Additional speakers at the CDMA World Congress include Dr. Irwin M. Jacobs, chairman and CEO of QUALCOMM; Dr. Won-Pyo Hong, executive vice president of Korean Telecom (KT) Freetel; Brian O'Shaughnessy, vice president technology development, Bell Mobility; Ake Persson, president CDMA Systems, Ericsson; William Son, president and CEO of NeoPoint; Dr. Mohan Vishwanath, vice president of Yahoo! Everywhere; Craig Farrill, CTO of Vodafone AirTouch; as well as representatives from 3Com, Cisco, Compaq, Lucent Technologies, Nortel Networks, Motorola, and Samsung. During the CDMA World Congress discussions about strategies, implementation and applications for next generation advanced wireless services will take place providing conference delegates the opportunity to hear about the future of CDMA and how the technology is "Mobilizing Information Access."