Strategic Profits Inc. and Jzala Investments Group of Saudi Arabia Sign Joint Venture Partnership Agreement

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 11, 2001-- Strategic Internet Investments Incorporated (the "Company") today announced that Strategic Profits Inc. ("SPI"), traded publicly through the Company (SPI's parent) under the symbol OSWE -- OTC:BB, has signed a joint venture partnership agreement with Jzala Investments Group ("Jzala") of Saudi Arabia to market the communitystorefronts.com portal and e-commerce solution applications throughout the Middle East.

The purpose of this partnership is to build and operate a communitystorefronts.com e-commerce solutions service for the Middle East and targeted Asian countries. The service will be setup and operated from the SPI headquarters in Vancouver in conjunction with Jzala Investments Group from their offices located in Saudi Arabia.

"Our partnership with Jzala Investments Group allows us to implement a significant portion of our international business strategy," says Catherine Clarke, President and CEO of Strategic Profits, Inc. "Jzala, initially, is bringing at least 600 Middle Eastern companies that are ready to move forward with SPI's e-business solutions which will provide a significant positive impact on our revenues in late Q4."

About Jzala Investments Group (www.jzalagroup.com)

Jzala is one of the leading business houses, presided over by Sheikh Saad Bin Saud Al-Arifi. The group started operation in 1967 in response to the massive infrastructure development in Saudi Arabia. It made a significant contribution in construction and in electrical, mechanical and maintenance. Since then it has expanded into real estate, tourism, trading and information technology. The company's global trade relations especially with other countries of the Arab world, Europe and Asia, have encouraged the Group to develop its E-commerce service facilities. The Chief Executive Officer of the company, Engineer Nasser Saad Al-Arifi, "sets great store by IT as a major area of development for the Group in the 21st century."

About Strategic Profits, Inc.

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)!

For further information about Strategic Profits Inc.

Catherine Clarke
Strategic Profits, Inc.
(604) 684 5671 or
email: cc@strategicprofitsinc.com
www.strategicprofitsinc.com

For more information about Global Development Group Contact:

Gerard Van Der Berg
Managing Director
Global Development Group
Phone: (613) 228-5695
Fax: (613) 226-5777
Gerard@kcenter.com



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