NATIONWIDE (EVEN INTERNATIONAL) DIGITAL WALKIE TALKIE PHONE SERVICE LAUNCHED BY UPSATART FASTMOBILE, INC.

Chicago, May 12, 2003-FASTMOBILE announced today the launch of a nationwide walkie-talkie phone service called fastchat. Up until now, using the phone as a walkie-talkie worked within a single city or local region, but with fastchat users can talk to friends across the US as well as around the world. And thats just the beginning. fastchat has an entire menu of options including picture messaging, instant messaging and email for teens, families and friends to utilize to stay in touch in easy and fun ways.

    To start, the Push to Talk" function is breakthrough. The limits of having to be on the same cellular network have ended. At launch this week, fastchat is already operational between the countrys GSM operators including T Mobile, Cingular and AT&T Wireless. This milestone marks the beginning of what is known as interoperability, a breakthrough in the cell phone industry. The breadth of new cell phones that are at or coming to market that will be able to utilize fastchats full services is also hugely impressive. Already out are the Nokia 3650, which has received rave reviews, and soon the Sony Ericsson P800. Additional models from Siemens, Samsung and others are expected to hit market in coming months.

    Thats just where the fun begins. With fastchat, in addition to the walkie-talkie users are able to send photos, instant messages, and short messaging service (SMS) messages from handset to handset. As exciting is the services ability to send these same types of messages as well as email to PCs globally. You can literally have a friend on his desktop in London fastchatting with a friend walking the streets of New York. So snap away and show your buddy where you are and what you are seeing instantly. Celebrity spotting will no longer be questioned as a picture paints a thousand words.

    Harry Eschel, vice president and co-founder of fastmobile, said, fastchat provides unparalleled global instant communications options. This service creates fun opportunities for people to reach each other in ways that have never been done. Having a college student from New Jersey who is traveling abroad in Europe to be able to instantly chat with parents in their offices back home as well as friends studying to other foreign lands instantly is just one of the clearest examples of what makes fastchat unique."

    The look of fastchat will also be recognizable to users right off the bat as it follows the format of instant messaging. The buddy list" is something teens have made part of their daily ritual as they strive to keep up with friends between homework assignments and after school events. With fastchat you can see" whos available to talk and how to best reach them.

    Fastchat is coming soon to your local cellular retail store - or by simply going to www.fascthat.com. The monthly fee for fastchat is unlimited use beginning at $9.95 per month with lower rates available depending on duration of agreement.

    Eschel continued, The days of Honey can you pick up some milk and cheese just went digital, the difference is now you can reach your hubby for Swiss cheese as he walks the streets of Zurich instantly!"

About fastmobile:

fastmobile has operations in the US, Europe and Asia delivering value added messaging services over GPRS and other 2.5G and 3G mobile networks. fastmobile's flagship service is fastchatTM, which gives the latest off-the-shelf mobile phones the power of push-to-talk instant voice communications. fastchat has virtually no boundaries - it works seamlessly across 2.5G and 3G networks connecting subscribers nearly anywhere in the world. The company is backed by private investment and venture capital from US companies Leo Capital Holdings, BlueStar Ventures and Red Barn Investments. You may also visit fastmobile's Web Site at http://www.fastmobile.com.