OceanLake executes license agreement for "meemo" for Taiwan

    OceanLake expands meemo availability into Asia

    TORONTO and SINGAPORE, June 29 /CNW/ - OceanLake Commerce Inc.
(OLI-TSX-V, OLIKF.PK) is pleased to announce that it has executed a formal
licensing agreement on June 28, 2007, ("Agreement") granting Jabios H.K
Limited, the license to offer OceanLake's meemo service direct to consumers in
Taiwan. Jabios will undertake the marketing and promotion of the service,
which will be hosted and operated by OceanLake.
    meemo is an affordable, real-time, push e-mail service. It allows users
with any internet-enabled mobile phone or PDA to send and receive e-mail from
their existing e-mail accounts at a fraction of the cost of other solutions in
the market place. The service was recently launched by OceanLake in the United
States and will be launched in Canada in early July.
    "In parallel with our direct to consumer launch in the US and Canada, we
look forward to working with Jabios to drive even further reach for this
service in Asia.", stated William Car, President and CEO of OceanLake. "meemo
allows users to send and receive e-mail as easily as a text message. Multiple
email accounts can be configured with the service to ensure that whether at
work or play, you stay in touch."
    Under the terms of the Agreement, OceanLake will receive a license fee as
well as a royalty on the gross revenue generated through the marketing and use
of OceanLake's Mobile Mail platform and license for the brand "meemo".
OceanLake will also be providing management and technical support services to
Jabios for a predetermined fee. Jabios is on-track to begin offering meemo
directly to mobile phone users, regardless of the carrier they use in Taiwan
in the third quarter of 2007.
    "We are excited to offer this service in partnership with OceanLake to
bring affordable, push mobile e-mail to everyone. This geography represents
approximately 23 million mobile subscribers, most of whom today are not
receiving e-mail on their phone", said Furuya Yoshio, Chairman of Jabios. "We
see tremendous opportunity for this service in Taiwan where mobile penetration
is over 100%. There is no new hardware to buy, no expensive long-term
contracts and no configuration of your phone required. This really is mobile
e-mail for everyone."
    This announcement continues OceanLake's growth strategy to take its
platforms and services global through strategic partnerships. By leveraging
the relationships of partners in various regions, OceanLake is accelerating
its ability to move into new markets quickly.

    About Jabios H.K. Limited

    Jabios H.K. Limited is a private investment company based in Hong Kong
founded by Furuya Yoshio, Chairman of Jabios. Jabios invests in global
technology companies to help them enter new markets around the world.

    About OceanLake Commerce Inc.

    OceanLake Commerce (TSX:OLI) was founded in 1999 as a developer of
intelligent mobile technology to deliver richer and more engaging user
experiences for the mobile consumer. The desire to bring the world of the
Internet to the mobile device has led OceanLake Commerce to develop a number
of world-class products and services.
    OceanLake Commerce platforms support direct-to-consumer offerings as well
as the advanced mobile commerce applications and content stores offered by
mobile operators to their own subscribers. OceanLake imercion is a mobile
service delivery platform that creates retail storefronts ready for the mobile
device. imercion includes OceanLake Mobile Gateway for the optimization of
mobile browsing experiences that transparently enable users to visit any
Internet site through their mobile phone with superior experiences. OceanLake
Mobile Mail is a real-time mobile email product that enables every consumer
with a mobile phone to cost effectively use email on their mobile device.
    OceanLake Commerce is a publicly traded company on the Toronto Venture
Exchange under the symbol OLI. It currently has offices in Singapore and
Toronto, Canada. For more information, please visit www.oceanlake.com.

    This document may contain forward-looking statements, relating to
OceanLake's operations or to the environment in which it operates, which are
based on OceanLake's operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond OceanLake's
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
Consequently, readers should not place any undue reliance on such
forward-looking statements. OceanLake disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

For further information:

For further information: Inquiries For Media: Leo Tignini, Horn Group,
ltignini@horngroup.com, (646) 688-0590; For Investors: Will Car, CEO,
OceanLake Commerce, wcar@oceanlake.com, (416) 637-3501

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