OCEANLAKE'S FACILITASIA SUBSIDIARY LAUNCHES NEW MOBILE CONTENT DELIVERY PLATFORM PRODUCT

13:33 EDT Friday, May 12, 2006

FSC / Press Release

OCEANLAKE'S FACILITASIA SUBSIDIARY LAUNCHES NEW MOBILE CONTENT DELIVERY PLATFORM PRODUCT

Singapore, Toronto, Ontario CANADA, May 12, 2006 /FSC/ - Oceanlake Commerce Inc. (OLI - TSX Venture),

Facilitasia Private Limited, a wholly owned subsidiary of OceanLake Commerce Inc, is pleased to announce that it has launched imercion, a mobile content delivery platform that offers content providers, content aggregators and telecommunications operators the ability to deliver any type of electronic content to any type of device - fixed or mobile.

When delivering any electronic content, there are normally two choices, either a complex, loosely coupled, multi-server system with many points of possible failure, or a single platform environment consisting of multiple components integrated together.

imercion was developed on the premise that an enterprise should be able to run an entire retail/wholesale operation from a single platform that is fully integrated including components from web server to web design toolkit, from user registration to dynamic device support, from product repository to contract management and product delivery.

imercion provides searching, viewing, selection, purchase and download of content via a single interface by any device - from PC's to any type of mobile device.

imercion's user interface is simple to understand and operate and the web and mobile based portals have exactly the same look and feel. imercion offers a complete set of APIs allowing any enterprise to develop its own branded web and mobile portals.

imercion links to all existing payment portals such as PayPal and merchant credit card links as well as being able to produce and process pre-paid vouchers from multiple sources. It can also be linked to a mobile operator's prepaid or billing system for direct charging.

OceanLake Commerce and Facilitasia will offer the product on a transactional license basis or as a fully managed service and Facilitasia is actively marketing imercion in South Asia and expects to secure a launch customer in the near term.

For more information about Facilitasia, please go to www.facilitasia.com

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

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

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com