SAN JOSE, Calif., Jun 12, 2001 /PRNewswire via COMTEX/ -- OceanLake(TM) Inc., (CDNX:OLI), a developer of wireless and authentication software, today announced that Strategic Profits, Inc., a publicly traded company through its parent company, Strategic Internet Investments Incorporated (OTC:OSWE), has signed a multi-year license agreement for OceanLake's mScope(C) wireless-enabling software. Strategic Profits, Inc. will utilize the mScope software to provide wireless capabilities for all of its customers including, small and medium enterprises, not-for-profits and charities.

mScope enables Strategic Profits, Inc. to effortlessly transform the content of its web and commerce sites to wireless devices, such as cellular phones and PDAs. Leveraging mScope's open architecture -- which allows for easy integration of new media formats and presentation types -- the web and e-commerce sites are transformed, on-the-fly, to Internet Markup Language (IML) and then changed to a preferred wireless formatting language (e.g., Wireless Markup Language, Handheld Device Markup Language). From there, the sites are intelligently delivered to any type of mobile device.

"Strategic Profits, Inc. required a cost-effective, wireless software solution that would not disrupt its existing web infrastructure or require a large-scale professional services team to implement and manage the system," said Steve Koskie, president and CEO of OceanLake. "mScope provides a comprehensive, plug-and-play solution ideally suited for Strategic Profits, Inc.'s global wireless initiatives."

"As the mobile Internet becomes increasingly popular in North America, Strategic Profits, Inc. is dedicated to providing technology solutions that increase convenience, accessibility and reliability for our customers," said Catherine Clarke, president and CEO of Strategic Profits, Inc. "Unlike other competing technologies in the marketplace, mScope eases the wireless adoption process for enterprises through its seamless integration with existing infrastructures, rapid deployment and open architecture."

Currently deployed at numerous corporations across the U.S. and Canada, including financial institutions, wireless communication service providers and travel companies, mScope is dramatically improving the way in which enterprises cater their content to mobile devices. Based on Java and XML, mScope delivers content to any mobile device without having to write device specific content, thereby reducing operating costs and time-to-market. In addition, mScope's open architecture enables any application to be integrated with the software, allowing for non-disruptive integration with existing infrastructures.

By easing wireless implementation and ongoing operations for enterprises, mScope enables corporations to execute their wireless strategies quickly and cost effectively. According to Forrester Research, by 2005 more than 111 million consumers in the United States will access the mobile Internet at least once monthly, and mobile revenues in the U.S. will grow to $101 billion.

SPI has been providing Internet commerce solutions to small and medium enterprises, 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 Moneris Solutions and through out North American with GPS. Secure cash transactions are available 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 . Feb. 1, 2001 SPI, HP Canada Ltd. and TELUS announced an alliance to deliver a new generation secure Internet-based credit card payment service ... PayPaq(TM)!

About OceanLake(TM)Inc.

Founded in 1999, OceanLake Commerce Inc. develops scalable internet-enabling software solutions for web enterprises, service providers, and carriers. OceanLake's leading-edge mScope(C) product enables an organization's existing Internet content and applications to be available through any wireless or traditional web device. mScope is engineered as a "drop-in" product that seamlessly integrates into existing hardware and operating systems for fast, easy and cost-effective deployment. mScope is the only "drop-in" and platform-agnostic product currently available in this marketplace. OceanLake is focused on providing the connectivity of mScope to four cornerstone mobile markets: m-Banking and Trading, m-Commerce, m-Productivity, and m-Entertainment. OceanLake's current client list includes Rogers Media Inc., SunLife Financial, Homebank Technologies Inc., and the Charlotte Chamber of Commerce. The company is based in Toronto, ON and San Jose, CA, and is currently expanding into Europe. For more information about OceanLake, please visit www.oceanlake.com.

SOURCE OceanLake Inc.