March 5, 2008 OceanLake Executes meemo License for United Arab Emirates and Qatar meemo Global Footprint Expands to United Arab Emirates and Qatar Toronto – March 5, 2008 – OceanLake Commerce Inc. (TSXV:OLI, OLIKF.PK), a developer of intelligent mobile technology that delivers rich and engaging user experiences to mobile consumers worldwide, today announced that it has executed a formal licensing agreement with Amtrak Qatar, granting the license to offer OceanLake’s meemo service direct-to-consumers in the United Arab Emirates (UAE) and Qatar. meemo is an affordable, real-time, mobile push e-mail service. It allows users with any Internet-enabled mobile phone or PDA to send and receive e-mail from their existing e-mail accounts at a fraction of the cost of other solutions in the market place. The meemo service is based on OceanLake’s MobileMail product and is already available in many parts of the world. “There is truly a universal appeal to meemo and clearly expands our footprint across all corners of the world and is indicative of its value proposition to mobile consumers and global carriers,” said William Car, President and CEO of OceanLake. “The market for mobile email across a global scale has been vastly underserved. OceanLake is proud to be filling that void with the first affordable mobile email solution that rivals expensive smart phones and empowers the average consumer to optimize their current mobile phones with a rich user-friendly email service.” Under the terms of the Agreement, OceanLake has received a portion of the overall license fee with the execution of the agreement with the remainder to be paid out according to defined milestones. OceanLake will receive royalty payments on the gross revenue generated through the marketing and use of OceanLake’s MobileMail platform and license for the brand “meemo”. “We are excited to tap OceanLake to bring the benefits of its popular meemo service to over 5 million mobile users in United Emirates and Qatar,” said Bhuwan Verma, Managing Director of Amtrak Qatar. “With meemo, subscribers are getting ‘smart phone like’ email functionalities at a fraction of the cost without needing to install anything on their devices.” Today’s announcement marks the latest expansion of OceanLake’s meemo service into untapped regions and is indicative of the company’s growth strategy to leverage its platforms and services through strategic global partnerships. By leveraging the relationships of partners in various regions, OceanLake is accelerating its ability to move into new markets quickly. About Amtrak Qatar Amtrak Qatar was founded in 2004 and is committed to serving Middle East markets by bringing the latest technologies to the region. Amtrak Qatar leverages its vast local network in the 16 GCC (Gulf Cooperation Council) countries to assist multiple international companies entering the region. About OceanLake Commerce OceanLake Commerce (TSX: OLI) provides mobile enabling products that meet the mobile connectivity requirements of service providers and telecommunication carriers, content owners and developers. OceanLake has also developed its own direct to consumer strategy, providing a mobile email service that has been branded as “meemo”. OceanLake’s meemo service is based on its proprietary product called OceanLake MobileMail. Mobile enabling is the process of delivering internet content in a fashion that is accessible to mobile users, worry-free for network managers and strategic for business. OceanLake’s mission is to offer a single source of mobile enabling technology and to service and support mobile internet requirements at all levels. OceanLake is focused on one of the largest and fastest growing segments of the global mobile telecommunications market: the delivery of mobile services. OceanLake’s unique and proprietary architecture allows e-mail, web pages, images, music, games, video, ring tones and wallpapers to be delivered to and experienced by users in a reliable and consistent manner on every model of internet-enabled phone and PDA in use globally. 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) 202-9760 For investor enquiries please contact: Will Car CEO, OceanLake Commerce wcar@oceanlake.com +1(416)637-3501