Oasis Online Technologies Corp Secures Additional $200,000 of Its $1.2 Million Capital Fundraising

MESA, Ariz.--(Business Wire)--
Oasis Online Technologies Corp (OTCBB: OOLN) announced today it has closed on
the second round of its previously announced fundraising plan and has secured an
additional subscription of $200,000. To date, the company has closed on $452,000
or 37% of its total planned financing of $1.2 million dollars. The new investor
entered into a subscription agreement to purchase 1,333,334 newly issued shares
of the Company's common stock at a price of 15 cents per share.

Similar to previous subscriptions, the purchaser will make payments according to
an agreed funding schedule that is to begin February 1, 2009 and continue for a
period of 12 months. The Company is currently negotiating additional
subscriptions and anticipates completing its planned raise of $1.2 million
dollars in the near future.

John Venette, CFO of Oasis, stated, "This additional funding will allow us to
commence operations in one of our planned subsidiaries and begin securing
customers." The Company plans to market and distribute the Card of America and
AllowCard suite of prepaid debit cards pursuant to a previously announced
agreement with SVC Cards, Inc. The Company is also currently developing unique
smart-card applications based on the PocketServer software platform.

More information about Oasis Online Technologies Corp`s financing plan and
business plan can be found in the Company's most recent SEC filings, as well as
on the Company website at www.oasisotc.com.

ABOUT OASIS ONLINE TECHNOLOGIES CORP:

Oasis Online Technologies Corp continues to be focused on the acquisition and
development of core technologies and products that are easily adapted to
multiple market segments requiring secure mobile storage of information and data
that is convenient, portable, and can be used online or offline. The Company`s
planned feature-rich products will be designed and marketed to protect against
or prevent fraud and identity theft while making transactions easier and faster.
The company is currently researching technologies which apply to credit card
transactions, online shopping, smart-chip enabled card applications, and ACH and
EFT transactions.

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 Corp 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
Erik J. Cooper, 480-634-5840
investorrelations@oasisotc.com

Copyright Business Wire 2009