September 26, 2007 OceanLake Executes Letter of Intent for “meemo” within the United Kingdom Affordable Mobile Email Expands to Europe Toronto and Singapore – September 26, 2007 – OceanLake Commerce Inc. (OLI-TSX-V, OLIKF.PK) today announced that it has executed a letter of intent on September 24, 2007 (“Agreement”) granting Tony J. Rinomato the license to offer OceanLake’s meemo service direct to consumers in the United Kingdom. Mr. Rinomato will undertake the responsibility for marketing and promoting the service, which will be hosted and operated by OceanLake. This letter of intent underscores OceanLake’s growth strategy to take its platforms and services global through strategic partnerships. By leveraging the relationships of partners in various regions, OceanLake is accelerating its ability to move into new markets quickly. OceanLake has received a significant portion of the overall license fees with the execution of the letter of intent. The remaining fees will be paid according to timetables set forth in the Agreement. OceanLake will receive royalty payments on the gross subscription revenue of UK-based meemo subscribers in addition to recurring monthly support and maintenance service fees. "With over 2 billion mobile subscribers worldwide and 1.5 billion email accounts, the opportunity for meemo globally is significant. meemo is the first commercial mobile email solution that provides a true push email experience with nothing to download to the phone and a simple setup," stated William Car, President and CEO of OceanLake. "Anyone in the UK with a mobile phone that supports text messaging and mobile browsing will be able to use meemo." meemo is a truly affordable, push email service that works on regular phones at a fraction of the cost of other solutions in the marketplace. Built on OceanLake’s MobileMail platform, meemo continuously checks configured email accounts for new messages. When a new message is available a text message is sent directly to the phone indicating the message sender and subject. Embedded in that text message is a link that when opened automatically launches the browser on the phone and takes the user directly to their inbox. The user can view the entire message within their inbox including attachments such as images, Adobe PDF and Microsoft Office documents. Emails can be sent, replied to or forwarded from the phone, all while on the go. “The UK market is ideally suited for what meemo has to offer. UK mobile users are very advanced consumers of text messaging and mobile browsing which means zero learning curve to take advantage of the unique capabilities of meemo,” said Tony Rinomato. “Until meemo, getting email to your phone was a costly experience requiring expensive PDA’s or smartphones. meemo delivers a cost effective solution the mass market will enjoy on their current phones and we are delighted to work with OceanLake to bring it to the UK market.” meemo is available in the United States and Canada and will launch in Taiwan by the end of the year. The formal agreement with Mr. Rinomato will be completed shortly and timing for the commercial launch of the service in the UK is to be announced. About Tony J. Runimato Mr. Rinomato is a seasoned private investor and principle in many businesses with multi-million dollars in revenue. He is a director in many businesses in Canada and the UK with established business relationships throughout North America and Europe. 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 world of the Internet to the mobile device has led OceanLake Commerce to develop a number of world-class products and services. OceanLake Commerce 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 imercion is a mobile service delivery platform that creates retail storefronts ready for the mobile device. imercion includes OceanLake MobileGateway for the optimization of mobile browsing experiences that transparently enable users to visit any Internet site through their mobile phone with superior experiences. OceanLake MobileMail is a real-time mobile email product that enables every consumer with a mobile phone to cost effectively use email on their mobile device. OceanLake has also launched its own direct to consumer mobile email service, meemo (www.meemo.com) in North America based on the MobileMail platform. 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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 For investor enquiries please contact: Will Car CEO, OceanLake Commerce wcar@oceanlake.com +1(416)637-3501