VANCOUVER, B.C -(Business Wire)- July 26, 2001-- STRATEGIC INTERNET INVESTMENTS INCORPORATED, (the "Company"), today announced that Strategic Profits Inc. ("SPI"), "traded publicly through the Company, under the symbol OSWE - OTC:BB, is partnering with TELUS to provide website development, eCRM (customer support) and PayPaqÔ secure online payment services for the TELUS BizEssentials suite of eCommerce products. SPI are providers of e-biz and e-philanthropy solutions since 1994 and secure payment services since 1997.

"This partnership enables TELUS to use the power of the Internet to deliver the best customizable and integrated e-commerce solutions available to Canadian businesses," stated Mark Schnarr, executive vice-president, TELUS Ventures. "Focused on meeting the growing needs of small-to-medium-sized business customers, TELUS is offering the BizEssentials suite of eCommerce products to make it easy and affordable for businesses to sell online."

"This is an example of our alliance in action" says Catherine Clarke, President and CEO, "Through SPI, TELUS is able to deliver affordable, high quality Web development services, responsive and knowledgeable customer support, and secure online payment processing to their small to medium-sized business customers."

About TELUS

TELUS Corporation (TSE: T, T.A; NYSE: TU) is one of Canada's leading telecommunications companies providing a full range of telecommunications products and services that connect Canadians to the world. The company is the leading service provider in Western Canada and provides voice, data, Internet and wireless services to Central and Eastern Canada. TELUS operates a portal network that includes myBC.com, Alberta.com, myTO.com and the French-language TELUS Québec portals, Globetrotter.net and Bizznys.com. As popular Web sites featuring news, sports, entertainment and communication services, these portals generate traffic to support local merchant advertising and e-commerce. For more information about TELUS, visit www.telus.com. About Strategic Profits, Inc.

Strategic Profits Inc. (SPI) has been providing Internet commerce solutions to SME's, government, educational institutions 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 credit card payment transactions. Secure cash transactions are available through their alliance with Hyperwallet.com. In 1998, SPI launched the communitystorefronts.com e-commerce pilot with their consortium partners Industry Canada and Royal Bank of Canada. Today, communitystorefronts.com is a fully commercialized portal. PayPaqÔ is a secure, Internet-based credit card payment service that was launched in alliance with Hewlett Packard Canada Ltd. and TELUS on February 1, 2001.

For further information about Strategic Profits Inc. or Strategic Internet Investments Incorporated. Contact: