Orbit E-Commerce Inc to Acquire the IPTV Video Internet Business of PureNet TV Canada Inc

The acquisition of PureNet's assets will include all technical schematics covering a patented IPTV video / internet system, implementation capabilities, strategic partnerships with major
equipment and video content suppliers, software developers, product and services and experienced management to execute the business plan. The patented IPTV technology, recently granted by the United States Patent Office, has been successfully tested and provides Digital, HDTV audio / video quality to the home. PureNet's IPTV products and services are on schedule to be installed in the first quarter of 2005. The Companies intend to complete the
acquisition in the first quarter of 2005.
"The acquisition will be a major step in having OECI become a leader in IPTV services in the USA and provides it with the potential to generate significant shareholder value," said Douglas C. Lloyd, OECI President and CEO. "PureNet has proven expertise in building networks and creating strategic partnerships with technology suppliers. IPTV represents a revolution in High
Definition television services and turns the TV into a communications portal benefiting consumers. It takes advantage of cost efficient Internet Protocols to deliver greater variety digital quality video and other services. IPTV uses Digital Subscriber Lines (DSL) broadband services to give subscribers access through their television sets to such services as:

* Pick & Pay domestic and International television content;
* Movies on demand;
* High Speed Internet Access;
* Consumer Video Conferencing;
* Voice over the Internet (VoIP); and
* Interactive gaming."

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