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Wednesday, May 14, 2008

Oasis Online Technologies Corp. (OOLN.OB)

Summary
Oasis Online Technologies Corp. does not have significant operations. It focuses on the acquisition of operating companies that create and/or market software, which would enable the Internet secure and convenient for online users. The company was incorporated in 1980. It was formerly known as Implant Technologies, Inc. and changed its name to Oasis Online Technologies Corp. in September 2007. Oasis Online Technologies Corp. is based in Mesa, Arizona. Oasis Online Technologies Corp. is a subsidiary of Big Eye Capital, Inc.

Current Activity
In connection with Management's plan of operation on October 2, 2007 the Company entered into a non-binding letter of intent to acquire TranSend International, Inc. a company that fits with the Company's objectives. Due diligence and audit of TranSend International, Inc. is currently ongoing. It is the Company's intent to acquire TranSend International, Inc. and in anticipation of closing this transaction Oasis Online Technologies, Corp. has leased offices adjacent to and connected to TranSend International, Inc.

There are no guarantees that TranSend will obtain audited financial statements or that this transaction will be completed. If the Company is unable to close the TranSend International, Inc. acquisition and no other suitable candidate can be found that meets the Company's goals, management is not opposed to looking at other opportunities and or business combinations to provide value for the Company's shareholders.

Management's plan of operations is to seek a business combination with an operating company or companies that create and/or market software and provide products and services that utilize portable and secure means of storing and accessing personal information. With the current growth of portable storage devices such as chip-enabled smart cards and USB devices for use in online banking and secure credit card transactions, management believes there is a strong need for value-added software applications to realize the full potential and consumer acceptance of these devices.

In connection with Management's plan of operation on October 2, 2007 the Company entered into a non-binding letter of intent to acquire TranSend International, Inc. a company that fits with the Company's objectives. Due diligence and audit of TranSend International, Inc. is currently ongoing. It is the Company's intent to acquire TranSend International, Inc. and in anticipation of closing this transaction Oasis Online Technologies, Corp. has leased offices adjacent to and connected to TranSend International, Inc.

Oasis is providing TranSend with short-term capital to provide for operating expenses while due-diligence is being completed in anticipation of closing the acquisition. Oasis anticipates the capital provided to TranSend during the due diligence phase not to exceed one hundred thousand dollars ($100,000).

at 5:07 PM Posted by Daniel Pak

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