Strategic Profits Inc. to Provide TELUS with Web Development, eCRM, and PayPaq Services

Business Wire, July 25, 2001

Business Editors, High Tech Writers

VANCOUVER, British Columbia--(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 - OTCBB (OTCBB:OSWE), is partnering with TELUS to provide website development, eCRM (customer support) and PayPaq(TM) 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 Luckhurst, 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 Quebec 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. PayPaq(TM) 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.

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Shares issued: 12,148,384 Sec No. 33 - 28188