September Quarter Results

POCKETMAIL GROUP LIMITED               2002-10-29  ASX-SIGNAL-G

HOMEX - Sydney

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PocketMail Group Limited (ASX: PKT), leading worldwide
provider of affordable mobile e-mail services, announced
its first quarter operating results.

Operating costs for the quarter were down 30% since the
June quarter and 39% since the same quarter last year.
Service revenue for the quarter was A$2.4 million, a 43%
increase on the same quarter last year.

This contributed to a positive earnings before interest tax
depreciation and amortisation (EBITDA) result of A$0.2
million, the company's first positive result since it 
commenced operations.

Mr Chris Coudounaris, PocketMail's Chairman, said "this is
an extremely pleasing result, it reflects the fact that we
have established a profitable, subscriber based business
model. Further rationalisation and cost savings are 
expected, these include the centralisation of all Network
Operations in San Jose, California, which should be 
completed by the end of the calendar year."

"We believe our low cost model gives us a significant
competitive advantage. Our future strategy will be to
leverage this advantage to provide PocketMail's service
on a worldwide basis".


For further information, please contact:

David Marchant 
CEO PocketMail 
Tel: 02 9234 0000  Fax: 02 9233 8370  Mobile: 0419 231 806 
E-mail: david.marchant@pkt.com.au