2008-07-18 23:08:06 -

- Oasis Online Technologies Corp. (OTCBB: OOLN) and TranSend International, Inc. have decided to terminate the November 2007 non-binding letter of intent pursuant to which Oasis was to acquire TranSend International Inc.

Oasis CEO Erik J. Cooper commented, "It is unfortunate that we have not been able finalize the acquisition of TranSend. We want what is best for our

shareholders, and after lengthy discussions with TranSend management, as well as our professional advisors, it was determined that the proposed transaction was not in the Company's best interest. We would like to thank the management of TranSend for all of their hard work during the due diligence period."

Over the course of the discussions, Oasis and TranSend identified possible revenue opportunities and discussions continue regarding the joint development of these opportunities.

Oasis continues to actively research other potential acquisition opportunities.

About Oasis:

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

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.

Oasis Online Technologies Corp., Mesa
Erik J. Cooper
investorrelations@oasisotc.com