OceanLake's imercion Content Delivery Platform Selected by Globalive Communications Corp.
- Wide range of content to be marketed to users across North America -

Toronto, CANADA, November 2, 2006 - OceanLake Commerce Inc. (OLI - TSX Venture), is pleased to announce that it has signed a Letter of Intent (“LOI”) with Globalive Communications Corp. (“Globalive”) for the provision of OceanLake’s imercion integrated content delivery platform and related technical support and services.

Globalive selected imercion as the backbone for WorldCity; a new pure-play content site to be launched in the first quarter of ¬¬2007, targeting fixed and mobile phone users across North America. Under the terms of the LOI, in addition to providing Globalive with the imercion platform, OceanLake will also build and maintain this new service and assist in the collection of the content to be offered to users.
The terms of the five year agreement include Globalive paying OceanLake for all content and imercion licensing, as a bundled solution, in exchange for premium price warrants in OceanLake. The agreement will stimulate rapid marketing and drawdown of content into the Globalive portfolio. A total of 2,500,000 warrants will be fully earned by Globalive on a prorated basis for achievement of certain gross revenue targets by OceanLake. The parties expect to execute a definitive agreement in the next 30 days.

OceanLake, will provide Globalive with a turn-key package for WorldCity and imercion will serve as the technical infrastructure and will be enhanced by a complete suite of content management, updating, fulfillment and billing services. In exchange, OceanLake will receive a portion of the gross revenue generated by all transactions conducted through this new service. The parties plan to leverage the imercion platform in two key ways by offering:

- an interactive portal that can be accessed by mobile users across North America and which allows them to select a wide assortment of ringtones, games, wallpapers video and television content; and
- a specialized platform offering content and applications specially designed for Globalive’s customer base.
"imercion is now recognized as the premiere platform to allow virtually all content to be easily, effectively and profitably delivered to both mobile and fixed users worldwide”, said William Car, OceanLake's President and CEO. “imercion gives consumers greater choice and aggregators greater flexibility by giving carriers and non-carriers alike the tools to easily aggregate and offer the widest possible selection of content."
Added Anthony Lacavera, CEO of Globalive: "By pairing the immense technical potential of the imercion platform with the skill and experience of OceanLake’s people, we have the components needed to offer cutting edge service across our user-base and well beyond, consistent with the entire suite of Globalive products and services. Our exciting partnership with OceanLake is reflective both of Globalive’s continuing growth and our desire to penetrate this explosive market as quickly as possible”.

About imercion
Developed by OceanLake's Facilitasia subsidiary, imercion is a total content delivery platform that offers content providers, content aggregators and telecommunications operators the ability to deliver any type of content to any type of device - fixed or mobile. imercion allows users with any internet enabled device - mobile or fixed - to search, view, select, purchase and download content via an easily customized interface that is simple to understand and operate. imercion also links to all existing payment portals such as PayPal and merchant credit card links and can produce and process pre-paid vouchers from multiple sources. It can also be linked to an operator's prepaid system or billing software for direct charging to a users' phone.

For more information about OceanLake, please visit www.OceanLake.com
For more information about Facilitasia, please visit www.facilitasia.com
About Globalive Communications Corp.

Globalive Communications Corp. is a leading provider of next generation telecommunications solutions globally. The company develops innovative applications and delivers first-rate services to clients internationally. Globalive leads the market in hospitality operator services, audio and web conferencing, VoIP, wireless services, hospitality high speed Internet, billing and clearing of call records, competitive payphone services, and low-cost long distance calling for both hotels and residential clients. Globalive is now featuring globaliveInteractive solutions, which is comprised of interactive web, television and mobile applications (including competitions, contests, promotions, polls, text and IVR voting, text-to-screen and news alerts), as well as rich, varied content and full wireless infrastructure. Globalive expects to complete its acquisition of Yak Communications Inc. in the fourth quarter of 2006.

Globalive is an award winning company with several prestigious recognitions including: #1 ranking on the 16th annual Profit 100, Canada’s 50 Best Managed Companies, Deloitte Technology Fast 50, and Canadian Business Magazine’s Top 30 Workplaces in Canada. Most recently, Anthony Lacavera, Chairman & CEO, was named to the celebrated Canada’s Top 40 Under 40 list in 2006.

For more information, please visit www.globalive.com or www.canopco.com.
Media Contact
Jessica Martin
PRofile Communications
416-509-2699
jessica@profilecommunications.ca

Contact:
William Car
CEO, OceanLake
wcar@oceanlake.com
1-416-637-3501