Press Release

                         TO HOST WAP 2000 IN KOREA

   One-day Event to Address Business and Technical Issues Relating to the
      Commercial Rollout of WAP-based Products and Services in Korea

   SEOUL, Korea (February 17, 2000), Inc. (NASDAQ: PHCM), a
   leading provider of mobile Internet software and services, today
   announced that it is co-hosting a one-day event today, entitled "WAP
   2000," centered on the topic of the commercial rollout of Wireless
   Application Protocol (WAP)-based products and services in Korea. LG
   Telecom is acting as host and Shinsegi Telecomm will serve as co-host
   along with for this premier industry event. Organizing
   the WAP event is a result of the two Korean wireless network
   operators' mutual desire to cooperate in promoting mobile Internet
   business through the WAP platform.

   WAP 2000 is aimed at bringing together Internet content providers,
   application developers, as well as media and industry analysts in
   order to present the latest in WAP technology and applications. The
   WAP 2000 event will take place today at the Grand Intercontinental
   Hotel in Seoul. Included in the day's agenda will be a keynote address
   by LG Telecom vice president Se Kyung Lim, and other presentations
   include "Wireless Internet Service: Today and Tomorrow" pesented by
   Dr. Jae Hyun Ahn from the Korea Advanced Institute of Science and
   Technology, and "Why WAP?" by The developer technical
   perspective will be presented in two separate sessions by mobile
   Internet content and applications developers CCR and airi. In
   addition, WAP testimonial success stories will be presented by
   Mobilephone Telecommunications International Ltd., a comprehensive
   provider of content and applications for Japanese, German and Italian
   mobile Internet content markets, and Index Corporation, a pioneer in
   the Japanese mobile Internet content market.

   "LG Telecom is proud to host this event so closely following the
   full-scale introduction of wireless Internet services in January,"
   said LG Telecom President, Mr. Yong Nam. "It is important that the two
   Korean carriers continue to work together to promote the accelerated
   growth of mobile Internet businesses in Korea."

   "This event represents the commitment of the leading wireless carriers
   in Korea to the WAP standard and leads to the next milestone in the
   evolution of wireless telephony and the Internet," said Tony
   Miranzadeh, vice president and general manager of Asia Pacific and
   Latin America for " is delighted to participate in
   this very important event designed to expedite wireless Internet
   adoption in Korea."

   The two network operators have committed to promoting and producing
   future WAP-focused events, and will take turns acting as host.

   About LG Telecom
   LG Telecom (LGT) is one of the leading and most innovative wireless
   carriers in South Korea. LG Telecom's advanced digital CDMA network
   provides nationwide coverage serving 3.2M active subscribers. Since
   introducing service in August 1997, LGT has added an average of
   112,000 subscribers a month while nationwide penetration is now
   exceeding 40%. LG Telecom introduced the world's first CDMA wireless
   data service in February 1998 pushing its technical leadership in the
   Korean market further. In October of the same year, LGT entered a
   strategic partnership and investment relationship with British telecom
   (BT). In 1998 LGT posted sales in excess of US$992M vs. US$33M in
   1997. Visit for more information.

   About Shinsegi Telecomm
   Shinsegi Telecomm is a leading provider of wireless CDMA communication
   services to an active base of more than 3.2M subscribers in Korea.
   Shinsegi won the second digital cellular operator license in early
   1994 and launched its service in April 1996, using CDMA technology.
   The company started as a consortium of 245 shareholders, including
   three foreign companies - AirTouch (10.7%), Southwestern Bell (8.25%)
   and Qualcomm (2.46%). Visit for more

   About, Inc. (Nasdaq:PHCM) is a leading provider of software and
   services that enable the delivery of Internet-based information
   services to mass-market wireless telephones. Using its software,
   wireless subscribers have access to Internet- and corporate
   intranet-based services, including Email, news, stocks, weather,
   travel and sports. In addition, subscribers have access via their
   wireless telephones to network operators' intranet-based telephony
   services, which may include over-the-air activation, call management,
   billing history information, pricing plan subscription and voice
   message management. is headquartered in Silicon Valley,
   California and has regional offices in Belfast, Copenhagen, London and
   Tokyo. Visit for more information.

   Except for the historical information contained herein, the matters
   discussed in this news release are forward-looking statements
   involving risks and uncertainties that could cause actual results to
   differ materially from those in such forward-looking statements.
   Potential risks and uncertainties include, but are not limited to,'s limited operating history, potential fluctuations in's operating results, uncertainties related to's
   long sales cycle and reliance on a small number of customers,'s dependence on the acceptance of its products by network
   operators and wireless subscribers,'s ability to adequately
   address the rapidly-evolving market for delivery of Internet-based
   services through wireless telephones, the need to achieve widespread
   integration of's browser in wireless telephones, competition
   from companies with substantially greater financial, technical,
   marketing and distribution resources and the ability of to
   manage a complex set of engineering, marketing and distribution
   relationships. Further information regarding these and other risks are
   included in's Form 10-Q for quarter ended September 30,
   1999, in its prospectus dated November 16, 1999 and in its other
   filings with the Securities and Exchange Commission.

                                   # # #, the name and logo, MyPhone and the family of
   terms carrying the "UP." prefix are trademarks of, Inc. All
     Rights Reserved. All other company, brand and product names may be
        marks that are the sole property of their respective owners.

   For further information:

   Contact Worldwide Public Relations

   LG TeleCom
   Hee Jin Park
   Mobile Internet Business Team
   +82 2 519 7507

   Shinsegi Telecomm
   Young Sam Kim
   Internet Marketing Team
   +82 2 3458 2473
   Chris Jang
   +82 11 353 3288

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