The report includes an overview of the mobile industry, financial projection models, and a detailed analysis of the OceanLake Commerce business model with historical summaries. The opinions and projections provided in the report are the opinions and projections of Cohen Research who prepared it. OceanLake Commerce neither controls the content of nor adopts the report.

The report is available on the Cohen Research website at http://www.cohenresearch.com/.

About Cohen Research Group

We are Wall Street's #1 independent research firm. We have raised the art of fundamental securities research to a level that Wall Street has not experienced. Our independent third party stock research business selectively initiates Independent Research Analyst Coverage for overlooked public corporations. We identify and initiate non-traditional company research. We select micro cap stocks, small cap stocks and mid cap emerging companies with management teams focused on shareholder value, sustainable competitive advantage, and companies that demonstrate market leadership in their respective disciplines. We distribute in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation.

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About OceanLake Commerce

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 engaging world of the Internet to the mobile device has led OceanLake Commerce to develop a number of world-class products and services.

Its mobile service delivery platform, imercion, enables the creation of retail storefronts optimized for the mobile device. imercion includes OceanLake MobileGateway, a product that delivers mobile optimized browsing experiences transparently to the user enabling them to visit any Internet site through their mobile phone and have a far superior experience. Recently OceanLake has also developed a real-time mobile e-mail product, OceanLake MobileMail, that enables every consumer with a mobile phone to cost effectively use email on their mobile device. OceanLake 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 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 more information about OceanLake, please visit www.oceanlake.com.

For media enquiries please contact:
Lorne Simon Michael Communications lorne@michaelcommunications.com +1(416)785-5037

For investor enquiries please contact:
Will Car CEO, OceanLake Commerce wcar@oceanlake.com +1(416)637-3501