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To: LANCE B who wrote (960)	7/13/1998 11:02:00 PM
From: P.E. Allen	Read Replies (2) \| Respond to of 2038

Volume is the first indicator, price appreciation follows: UPPI Upland Properties, Inc. and Phoenix Diversified Communications, Inc. Announce the Execution of a Definitive Operating Agreement for High Speed Wireless Internet in East Bay of San Francisco ------------------------------------------------------------------------ SAN FRANCISCO, CALIFORNIA--(Canadian Corp News, JUNE 18, 1998)--On June 16, 1998 Upland Properties, Inc. and Phoenix Diversified Communications, Inc. executed a definitive Operating Agreement for provision of high speed wireless Internet service in the Contra Costa and Southern and Eastern Alameda Counties in the East Bay of San Francisco. Upland and Phoenix formed a Limited Liability Company called CNE Contra Costa, LLC to operate the services. Under the terms of the Operating Agreement, Upland will retain its full interests in the MMDS Channel License and sub-lease the same to the LLC. In addition, the LLC will lease the equipment owned by Upland from the Company on a three year to own arrangement. Phoenix Diversified will contribute, and be responsible for, all working capital as well as a non-exclusive license to the "Cybernet Express" trade name. Upland will receive, in addition to lease payments on the equipment, monthly distributions equal to 8 percent of the gross revenues as well as at least yearly distribution of 40 percent of the net profits. The "footprint" served by the Company's transmitter on Mt. Diablo covers most of the rapidly growing interior East Bay of the San Francisco region. Encompassing up-scale residential areas as well as numerous businesses, including a substantial number of high-tech operations spilling over from the nearby Silicon Valley, the service area offers prime demographics for the high speed Internet service which the LLC will offer. The site on Mt. Diablo, which will transmit Internet connections to the LLC's customers and their special antennae, provides one of the prime "line of sight" locations in the nation. "We believe this agreement is a 'win-win' situation for both companies", stated Douglas P. Haffer, President of Upland. "Phoenix Diversified brings the hands-on experience of its President Andy Nestor and an experienced sales and marketing force second to none in the wireless Internet field while Upland provides the necessary spectrum required to bring the high speed service to the customer base." Mr. Haffer indicated further that negotiations are continuing for similar agreements with Phoenix Diversified, for the other spectrum Upland owns including San Marcos/San Diego, California and South Bend, Indiana. CNE Contra Costa, LLC will begin beta operations later this month. Soon thereafter, it will promote seminars in the service area to demonstrate the remarkably high speed service - with download times some one thousand times faster than by 56.6 baud modem - to its target audience. Revenue-generating service should commence in July 1998. As noted before, Phoenix Diversified's President, Andy Nestor, is highly experienced in the field of wireless Internet. He has over thirty-four years experience in business management consulting, general management, senior marketing and sales, and engineering in high-tech companies, including Internet related businesses. He has spent much of the past several years consulting on the installation and marketing of wireless Internet systems in various locations within the United States, including New York City, Atlanta, Houston and Las Vegas. Barry Bison, who is a member of the Executive Management Committee of Phoenix Diversified, is the owner of CRC, a network/telecommunications distribution and support company. CRC is a business partner of Phoenix Diversified, providing direct sales, network products and support to the areas being served by the LLC. Additional members of the management team of Phoenix who will be working with the CNE Contra Costa, LLC will be announced shortly. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Upland Properties, Inc. Douglas P. Haffer President (415) 956-9190 (415) 391-3199 (FAX) INDUSTRY: CPR SUBJECT: BFC OTC Bulletin Board SYMBOL: UPPI -0-