January 25, 2008 Smart Communications Inc. to use OceanLake’s MobileMail Platform: Affordable MobileMail in the Philippines Toronto, Ontario, Canada and Singapore – January 25, 2008 – OceanLake Commerce Inc. (OLI-TSX Venture, OLIKF.PK) announced today that it has entered into a managed services agreement with Smart Communications, Inc. (Philippines). SMART will be using the OceanLake MobileMail service platform to launch MobileMail as a value added service to their subscribers. With over two billion mobile subscribers worldwide and over one billion email addresses, the opportunity for mobile email is significant. Today, less than ten percent of mobile users access email on their phones. The primary barriers are the high cost of smart phones, the cost of the data plans required and the complexity of the solutions being offered. OceanLake MobileMail allows service providers to provide their users the ability to send and receive e-mail with any internet-enabled mobile phone or PDA at a fraction of the cost of other solutions in the market place. “We are very excited to be supporting SMART in making available affordable mobile email to its over 27 million mobile subscribers in the Philippines”, stated William Car, President and CEO of OceanLake. “With nothing to install on the device and simple configuration, MobileMail will work on any phone that supports text messaging and a mobile browser.” OceanLake MobileMail polls the user configured email accounts and sends a notification via text message to the user’s phone if there is an e-mail waiting. In that text message is a link that if opened will automatically launch the browser on the phone and take the user to their inbox. The user can then choose to open the message in their phone to view it. Reply and forward can also be done from the phone itself. MobileMail also provides calendaring and address book functionality to ensure users have all of their information on the go. Calendar events can also have reminders configured so that the user receives a text message with event details ensuring that nothing is forgotten or missed. “Our partnership with OceanLake is part of our thrust to provide our subscribers with the widest array of services. The OceanLake MobileMail will give our users the convenience of accessing their e-mails and responding to urgent messages anytime, anywhere,” said Napoleon L. Nazareno, president and CEO at SMART. “With the text alert notification of new emails, the ability to view the entire message including attachments, reply and forward, we are offering a fully featured mobile email solution that is truly affordable.” OceanLake’s Asia Pacific headquarters are in Singapore and will be providing local implementation and support services for SMART. About Smart Communications, Inc. Smart Communications, Inc. is the Philippines' leading wireless services provider with 27.1 million subscribers on its GSM network as of June 2007. Of its total subscriber base, 19.1 million subscribers are served under the brands Smart Buddy, Smart Gold and Smart Infinity. Another 8 million subscribers are served through its subsidiary, Pilipino Telephone Corp., under the brand Talk 'N Text. SMART has built a reputation for innovation, having introduced world-first wireless data services, including mobile commerce services such as Smart Money, Smart Load and Smart Padala. SMART also offers a 3G service, Smart 3G. Another subsidiary, Smart Broadband, Inc., offers a wireless broadband service, Smart Bro. SMART is a wholly-owned subsidiary of the Philippines' leading telecommunications carrier, the Philippine Long Distance Telephone Company. In September 2001, DIGITEL established DMPI to provide wireless public and private telecommunication services. On December 11, 2002, DMPI was granted a congressional franchise to construct, install, establish, operate, and maintain telecommunications systems throughout the Philippines through RA 9180. In August 2003, the National Telecommunications Commission (NTC) formally recognized DMPI to operate and maintain a nationwide Cellular Mobile Telephone Service (CMTS). On March 29, 2003, DMPI commercially launched its wireless mobile services under the Sun Cellular brand offering the latest in GSM technology, provisioning voice services (local, national, international calls), messaging services (short text or multi-media messaging), outbound and inbound International Roaming, and Value Added Services. Today, Sun Cellular has the most economical and unmatched products and services for its subscribers such as the 24/7 Call and Text Unlimited (CTU) and 24/7 Text Unlimited (TU) under the Prepaid Services, Sun Group Plans 999 and Fixed Load Plans under the Postpaid Services and IDD Top 10 under its International Services. 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