Cellhire USA LLC Acquires The Telephone Company LLC

New York, NY, February 9, 2004— Cellhire USA LLC announced today the acquisition of New York-based wireless rental business, The Telephone Company, LLC.

Commenting on the purchase, Tim Williams, Chairman and CEO of Cellhire said:

“The Telephone Company has significant partnerships in the Far East and in the United States. The acquisition of the business will help introduce Cellhire USA's services to this ever growing sector. Additionally, The Telephone Company has become one of the largest service providers in the rental market for inbound travelers. We look forward to expanding this operation and to leveraging Cellhire's nationwide office network to provide a unique rental experience for visitors in the US.”

Established in 1987, Cellhire is a world leader in mobile communications providing clients and partners with innovative and competitive wireless solutions. Cellhire is an independent company providing service on various networks worldwide. Through the strength of global relationships, Cellhire offers customers a broad range of world class rental services. Cellhire’s commitment to innovation makes it possible for clients to take advantage of the most sophisticated voice and data technology enabling them to stay connected whenever and wherever they travel.

Cellhire is represented around the world with offices throughout the US in New York, Los Angeles, Dallas and Washington, DC, throughout the UK in London, Manchester and York, throughout France in Paris and Nice and in Sydney, Australia.

For further information about this release or Cellhire USA in general, please contact Jay Chalnick, Vice President of Marketing & Business Development at + 1 212 376 7379 ext. 752