OCEANLAKE PARTNERS WITH CTTNET TO ENTER CHINA MOBILE MARKET

09:38 EDT Thursday, April 20, 2006

FSC / Press Release

OCEANLAKE PARTNERS WITH CTTNET TO ENTER CHINA MOBILE MARKET

Singapore, Toronto, Ontario CANADA, April 20, 2006 /FSC/ - Oceanlake Commerce Inc. (OLI - TSX Venture),

OceanLake Asia Private Limited, a subsidiary in which OceanLake Commerce Inc. holds a 40% interest, is pleased to announce that it has entered into a strategic partnership with China Transport Telecommunications Broadband Network Service Co., Ltd (CTTnet). Under the terms of this partnership, CTT will market OceanLake's Mobile Gateway and WPMail mobile push mail products to mobile operators across China.

"This agreement with CTTnet greatly expands our presence in Asia provides OLI with meaningful access to the largest potential market in the world," said William Car, President and CEO of OceanLake Commerce Inc.

OceanLake's Mobile Gateway and WPMail mobile push mail products are part of a suite of services for mobile carriers that allow users with internet-enabled mobile phones and PDA's to (i) view and interact in a meaningful way with all sites on the internet; and (ii) send and receive e-mail from their existing e-mail accounts at a fraction of the cost of the Blackberry(r) or similar services.

CTTnet provides value-added mobile media services to customers through mobile operators with self-owned platforms. CTTnet became the first to provide pay mobile TV services in China, and signed exclusive agreements successively with various content production organizations of government departments, including China Xinhua News Agency Audio & Video Centre, China Net sponsored by State Council Information Office, Golden Shield Film and TV Center of State Public Security Ministry and the East Dragon Company, a subsidiary of Shanghai Broadcasting and TV Group which owns the first and only IPTV license in China. To date, CTTnet has successively put 12 channels into service with over 70 programs in the form of broadcasting and online VOD on the Brew platform of China Unicom CDMA1X network. The programs cover news, sports, entertainment, finance, education, fashion, life, and IT.

For more information about CTTnet, please go to www.cttnet.net.cn

For more information about OceanLake, please go to www.oceanlake.com

Contact:
William Car
CEO, OceanLake
wcar@oceanlake.com
1-416-568-5267

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