FSC / Press Release
 
OceanLake secures Bank Central Asia as first financial institution customer in S.E. Asia
 
Singapore, Tokyo, Santa Clara, Toronto - February 8, 2005 OceanLake Commerce Inc. (TSXV:OLI) (www.oceanlake.com), a provider of mobile Internet-enabling software for corporate enterprises, financial institutions, solution providers and mobile operators, is pleased to announce it has entered into a multi-year revenue producing licensing agreement with PT. Bank Central Asia Tbk. ("BCA"). The transaction was previously announced by OceanLake in September, 2004 to fulfill its public disclosure obligations, but BCA's involvement could only be disclosed now.
 
BCA will use OceanLake's mScope product to enhance their overall consumer and commercial mobile banking offerings. These new mobile services will allow all customers of BCA to enjoy the freedom of managing their accounts with their mobile devices from wherever they are with the comfort of mScope's security.
 
The new secure mobile services will be available to all BCA consumer and commercial customers through any mobile phone or PDA.
 
"We selected OceanLake to help us expand our mobile strategy because it was the simplest, most secure and most cost effective way to deliver what would normally be viewed as a very difficult proposition." said Darius Wanardi, General Manager of Bank Central Asia. "OceanLake is extremely excited to work with the largest consumer bank in Indonesia," said OceanLake CEO, Steven Moya. "By adding these services, BCA will continue to lead the South East Asian region in new and innovative offerings."
 
With the new offering, commercial BCA customers will have all functionality accessible to them that is currently offered online through any type of mobile device with the comfort of mScope Security. Consumer banking BCA customers will also have all services currently offered at www.klikbca.com.
 
OceanLake continues to penetrate the South East Asian market, including Singapore, Malaysia, Thailand, Indonesia and the Philippines, and is proud to secure BCA as its first financial institution customer in the region.
 
About PT. Bank Central Asia Tbk. (all figures as at 30 September 2004)
Bank Central Asia (BCA) is one of Indonesia's leading commercial banks. BCA has 762 branches, operates 3,020 ATMs and serves 6.7 million accounts throughout Indonesia. Total assets are Rp 143 trillion (US $15.5 billion).
 
About OceanLake Inc. (www.oceanlake.com)
OceanLake (TSXV:OLI) provides mobile Internet-enabling software for corporate enterprises, financial institutions, solution providers, and telecommunications carriers. OceanLake's products, including its mScope platform, immediately enable connectivity to any existing Internet infrastructure from any Internet-enabled mobile device in real-time. OceanLake enables mobile services providers to deliver new services and content to subscribers regardless of device. In addition, mobile service providers can simplify management of content partners by using mScope, thus improving the end-user experience and cutting support and operations costs. Corporate enterprises can leverage the OceanLake's technology to extend internal applications such as sales force automation and customer relationship management to employees in the field. OceanLake's products are both device- and platform-agnostic, and can be integrated into any Web-based application for fast, easy and cost-effective deployment with no need for additional application development. OceanLake is publicly traded and has offices in Singapore, Modesto, California, and Toronto, Canada.