June 11, 2007

OceanLake Expands Executive Team and Signs Horn Group as Agency of Record for Public Relations

Recent Private Placement Fuels Acceleration of Growth Strategy

Toronto, Canada and Singapore – June 11, 2007. OceanLake Commerce Inc. (OLI-TSX Venture) announced today that the company has added two key executives to its management team and signed with premier public relations firm, Horn Group to support its global marketing efforts. With the company’s recent private placement successfully closed, OceanLake is strengthening its management and marketing teams to support its business growth plans. OceanLake welcomes Rajeev Agarwal as Vice President of Finance and Mark Farmer as Vice President of Marketing.

With several years of financial management experience in the industry, Mr. Agarwal will ensure that OceanLake’s executive team has access to timely financial data for making important business decisions as it continues to grow. Prior to joining OceanLake, Mr. Agarwal served as Vice President of Finance with Dyadem, a QLM & process risk management software company. Previously, he served as Senior Director of Finance at Workbrain, a workforce management software company (TSX: WB) and held various progressive positions at Changepoint Corporation and Cybermation Inc.

"I am very happy to be joining OceanLake at such an exciting time in its evolution," said Rajeev Agarwal, Vice President of Finance, OceanLake Commerce. "The recent private placement is a strong vote of confidence from the investor community that OceanLake is poised for tremendous growth. We have a great team here in Toronto and also in Singapore. I look forward to working to support the tremendous growth opportunity the company has and maximizing shareholder value."

Mark Farmer recently joined the company as Vice President of Marketing where he is responsible for the global marketing strategy and execution for the company. He is a seasoned technology marketer with over 15 years experience in product marketing, product management and marketing communications. For the past 10 years, he has primarily worked with mobile software infrastructure companies including Solect Technology Group, which was acquired by Amdocs in 2000 for $1.2 Billion USD. Most recently, Mr. Farmer was at QuickPlay Media where he launched mobile video on demand services in Canada in addition to leading the marketing strategy for the company from its inception.

"OceanLake has developed an incredible portfolio of products that address many of the key problems for mass commercial viability of mobile services,” said Mark Farmer, Vice President Marketing, OceanLake Commerce. “I am tremendously excited by the market opportunity we have and the progress we’ve already made in strengthening our global brand. The best is yet to come as we’ve only just started to let the marketplace know what we have been building."

The current management team of OceanLake also includes Jeff Donsky, Vice President of Operations and Tony Poulos, Head of Asia Pacific. With the expanded team in place, OceanLake is now taking the next steps in its marketing initiatives with a strong investment in media and investor relations.

OceanLake has signed with Horn Group out of New York as its public relations agency of record.

"We are excited to be working with OceanLake to increase awareness for its market leading products," said Gannon Hall, Principal , Horn Group. "OceanLake is an innovative company that is bringing some great mobile products to market. Consumers and carriers will be very impressed with what OceanLake’s technology can do to enable great mobile services for e-mail, Internet browsing and content."

Initial media relations efforts will be around the North American launch of OceanLake’s direct to consumer mobile mail offering, meemo. This will be expanded to cover the full range of OceanLake products and service over time. Horn Group brings the global reach of the Constella Network, which is an alliance of agencies around the world. As OceanLake expands into new territories, it will be able to take advantage of existing relationships already established by Horn.

"Fueled by our recent private placement, we are accelerating our global growth strategy to take full advantage of the opportunity we are seeing in the burgeoning mobile services market," said Will Car, CEO OceanLake Commerce. "I am very pleased to have such high caliber executives as Rajeev and Mark join the company. Rajeev brings tremendous experience in financial management, which will be a critical asset as we continue our aggressive growth strategy. In addition to broad marketing experience, Mark brings many years in the mobile content and service delivery space where he has been at the leading edge of marketing and launching many products from their beginning to well established services. We are stepping up our marketing efforts substantially and I look forward to a great partnership with Horn Group to publicize our progress to consumers, partners and our shareholders."

As OceanLake continues execution of its global growth strategy, the company will be increasing its investment in marketing activities to further stimulate demand for its products and services.

About Horn Group Inc
Horn Group is a strategic communications firm specializing in PR and digital marketing. The agency represents technology companies at every stage of growth to help them tell their stories to the people that matter in print, in person and on the web. Services include brand and message development, creative design, media strategy, public relations, and web development. The agency was recently awarded the Web Marketing Association's 2006 WebAward and the 2006 Bell Ringer Award for media relations. Horn Group was ranked best-mid sized agency in PRSourceCode 2005 survey of reporters and the firm continues to be noted as a Best Agency to Work For in the Holmes Report. The company was founded in 1991 and is based in San Francisco, New York and Boston. Visit www.horngroup.com.

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:
Leo Tignini
Horn Group
ltignini@horngroup.com
+1(646)688-0590