Oasis Online Technologies to Acquire TranSend International, Developer of MasterCard's OneSmart Web™

Business Wire, Oct 2, 2007

MINNEAPOLIS -- Oasis Online Technologies Corp. (OTCBB:OOLN) has entered into a letter of intent with TranSend International, Inc. to acquire 100% of TranSend's outstanding shares.

Under the terms of the Letter of Intent, Oasis will issue one share of its common stock for each of the 15 million outstanding shares of TranSend's common stock. Closing of this transaction is subject to customary conditions which will include, among other things, the completion of an audit of TranSend for at least the past two years. Management expects this process will be completed within 60 to 90 days. Upon closing of the transaction, TranSend will become a wholly-owned subsidiary of Oasis.

"TranSend is a perfect fit for us because it brings two of the three elements we have been searching for as part of our business plan and business strategy," stated Erik J. Cooper, CEO of Oasis. "Those three elements are: acquiring or developing security and convenience software, channel partners to market with, and the ability for us to market those products directly to consumers." Cooper continued, "The acquisition of TranSend will bring us great products like PocketServer[TM] and CardTouch[TM], and will also bring outstanding channel partners to market through, such as MasterCard[TM] and the other card associations."

Donald R. Teague, TranSend's Chairman, stated, "Oasis' strategy is what first excited me about this transaction. Also, Oasis being a public company whose new capital structure we found attractive will provide us with greater exposure and access to additional resources, which I believe should allow us to execute Oasis' strategic plan."

ABOUT OASIS:

Oasis Online Technologies Corp. (OTCBB:OOLN) is a publicly traded company that continues to focus on the acquisition of operating companies that create and/or market software and products that make the Internet more secure and more convenient for online users. It intends to market those products through distinct channel partners and directly to consumers.

ABOUT TRANSEND:

TranSend International, Inc. is a privately held corporation that holds 9 patents and numerous provisional patents for software that secures personal information and transactions while making those transactions more convenient for users. While most of its patents and applications are centered on smart cards and financial institutions, the same technology has been demonstrated to be effective when sold directly to online shoppers. TranSend primarily markets its products in partnership with all three of the major card associations. TranSend private labels its PocketServer[TM] software as OneSmart Web[TM] in MasterCard's OneSmart[TM] program, and also as MySafeWeb[TM] to the Internet Provider market.

About PocketServer[TM].

PocketServer software provides superior security and convenience to online users which can be easily delivered on smart cards, USB drives, and other portable devices. PocketServer[TM] securely stores, through encryption technology, multiple online passwords, personal information, and credit card data, which allows the user to automatically fill in online shopping forms with billing information and delivery addresses. PocketServer[TM] can also provide multiple-factor authentication to online bank accounts.

About CardTouch[TM].

CardTouch[TM] is a stored value clearing system that will store any kind of value on a smart card that can be verified and used at other locations such as: reward points, food allocations, benefits allocations, as well as cash. It can be used by such closed communities as colleges as well as in toll booths and transportation systems.

Worldwide there are over 4 million people who rely upon TranSend's products. For more information about TranSend International, Inc. please visit their website at www.transendinc.net

OneSmart[TM] and OneSmart Web[TM] are licensed trademarks of MasterCard Worldwide. MasterCard, Inc. is a publicly traded company (NYSE:MA) that boasts over 700 million card holders worldwide. For more information about MasterCard Worldwide, and the OneSmart[TM] program, visit MasterCard's website at www.mastercard.com

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Oasis Online Technologies' expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon information available to Oasis Online Technologies, Inc. management as of the date hereof, and actual results may vary based upon future events, both within and without Oasis management's control. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company's most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.