VANCOUVER, BC - February 2, 2001 - Strategic Profits Inc. (SPI), Hewlett-Packard (Canada) Ltd. and TELUS Corporation today announced they have formed an alliance to deliver a secure Internet-based credit card payment service.

The alliance provides organizations of any size, including not-for-profits and charities, access to a best-of-breed payment service, security, hosting, consulting, integration, education and implementation. It is available now on a regional and national basis.

"This alliance demonstrates e-services in action for our customers by bringing the computing utility model to life," said Lynn Anderson, vice president business marketing, HP Canada. "Together we are providing our customers an offering that's as easy to acquire and use as other utilities such as water and electricity. Most importantly, our customers have the confidence of knowing that it's all built on a secure, reliable and always-on Internet infrastructure."

HP Canada is providing the necessary consulting, hardware and software, including two HP 9000 L2000 servers, s, MC/Serviceguard for high availability and Verifone Payworks 3 as the payment engine.

TELUS is hosting the service from its state- of- the-art data centre which is equipped with maximum security, 7 x 24 monitoring, support and high speed Internet connectivity. The service leverages the consulting, integration, education and implementation expertise of Strategic Profits Inc. (SPI) to enable merchants with payment services.

The service eliminates the need to identify and contact the various different vendors, such as consultants, programmers, integrators and payment providers, involved in enabling an online application to take credit cards.

"Our new alliance makes it simple and easy for the customer to call one number and get everything they need to establish online payments," says Catherine Clarke, CEO, Strategic Profits Inc. (SPI). "Businesses can choose from an array of products and services that suit their particular needs. For smaller businesses we offer an all-inclusive bundled start-up package for one low price. Charities can offer donations online with etax receipts. A larger business has the option to mix and match different components based on their needs, assuring the customer of the very best in infrastructure, hosting, security, and service."

"As online services become an increasingly important tool for businesses of all sizes, TELUS' protected and reliable Internet hosting infrastructure is critical for businesses to protect their online brand equity and customer experience," says John Seliga, vice president for TELUS Hosting. "As an industry leader in hosting Web sites and e-business applications, TELUS works to significantly decrease service interruption risks to customers."

About HP Canada
HP Canada has more than 1,500 employees at 19 locations across Canada. Its revenue in fiscal 2000 was $1.8 billion (Canadian).

About HP
Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on.

HP has 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

TELUS Corporation is one of Canada's leading telecommunications companies providing a full range of communications products and services that connect Canadians to the world. The company generated $5.9 billion in revenues in 1999 and is the leading service provider in Western Canada. TELUS also provides voice, data, Internet, advertising and wireless services to Central and Eastern Canada. With the purchase of QubecTel and national digital wireless company Clearnet Communications Inc., TELUS is rapidly strengthening its position as a leading national service provider. TELUS also operates Internet data centres across Canada, providing Internet hosting services ranging from collocation to fully managed, outsourced application hosting. More information about TELUS and its products can be found at http://www.telus.com.

Strategic Profits Inc. (SPI) "traded publicly through its parent under the symbol OSWE - OTC:BB" has been providing Internet commerce solutions to SME's and not-for-profit and charities since 1994 including secure credit card transactions since 1997. SPI provides full Internet service offerings including online education, web hosting and design, Internet marketing, secure shopping cart and payment order systems, as well as secure payment transactions through Royal Bank of Canada as well as secure cash online through their partners, Hyperwallet.com! In 1998 SPI launched the communitystorefronts.com e-commerce pilot with their consortium partners Industry Canada, Royal Bank of Canada. Today communitystorefronts.com is a fully commercialized portal offering online shopping, fundraising, and turnkey e-commerce solutions. http://www.strategicprofitsinc.com.