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CMI Holdings Group Announces Pending Acquisition

SACRAMENTO, Calif., May 14, 2000 (BUSINESS WIRE) -- CMI Holdings Group, Inc.
(OTC-Pink Sheets: CMIH) is preparing to close the acquisition of a majority of
the assets of an online retailer that the Company feels will be a cornerstone in
its rapid corporate growth. The closing is expected to happen within the week,
and CMI will take over ongoing operations immediately.

The acquisition is estimated to cost the company $140,000, and as a part of
funding the transaction the company has issued 33,888,888 shares. The new
issuance reflects 4.78% of the shares of common stock that will now be issued
and outstanding. The funding agreement is not a convertible debenture and the
majority of the shares are being issued to an existing long-term shareholder.

The transaction is expected to positively affect the company's immediate and
long-term outlook, and brings several former and existing business relationships
with it.


Other Recent Developments

CMI Holdings Group, Inc. is pleased to unveil the first of the wireless
technology products they will be distributing, Sonic2ners. This item, which is
now beginning production, is anticipated to be the next generation Walkman or
the Walkman of the 21st Century. Sonic2ners is a worldwide patented,
self-contained FM Headphone unit that, by utilizing bone conductance technology,
produces concert like sound with the unique and revolutionary benefit that it
does not cover or rest on the ears. Users get to listen to their favorite music
without the hassle of wires and without being excluded from sounds of the
outside world.

CMI Holdings Group, through its BTP Distribution Division, recently hired Sarah
Rosenberg to develop sales into specialty and consumer electronic stores. At
this time, BTP fulfills for Vstore (hosting over 125,000 web sites), Amazon.com,
Borders, Barnes & Noble, a multitude of web companies, several hundred bricks
and mortar customers, and libraries around the country.

CMI Holdings Group's CEO, Ross Rojek has done an interview with Market Marquee
that is available at http://www.marketmarquee.com .

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this press
release contains statements that are forward-looking, such as statements related
to the future anticipated direction of the high-technology industry, plans for
future expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and potential
contracts. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the future
and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of CMI Holdings Group, Inc.
These risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management,
financing activities, and domestic and global economic conditions.


CONTACT: CMI Holdings
Ross Rojek, 916/567-2490

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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
CONSUMER/HOUSEHOLD
ELECTRONIC
GAMES/MULTIMEDIA
ENTERTAINMENT
RETAIL
E-COMMERCE

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