OKALLA CORP.
TSX VENTURE : AOK

OKALLA CORP.

May 17, 2006 15:41 ET

Aloak Corp. Appoints New Director and Approves Name Change

CALGARY, ALBERTA--(CCNMatthews - May 17, 2006) -

(Not for dissemination in the United States of America)

Aloak Corp. (TSX VENTURE:AOK) ("Aloak") is pleased to announce the appointment of Jay Gibb as a member of the Board of Directors at the Annual and Special Meeting of Shareholders held March 16, 2006. The board now consists of Messrs. Clyde Beattie, Gregory Smith, Ian McAskile, Colin Holowaychuk, Evan Wasoff and Jay Gibb.

Mr. Gibb is the Vice President of Technology and a partner of Arizona Bay Consulting LLC, a California-based global consulting firm, since April 2001 and May 2005 respectively. Arizona Bay specializes in software development and security services for both on and offline industries. Mr. Gibb brings more than 9 years of experience in architecting and implementing robust software and firmware solutions for a variety of vertical markets including: finance, automotive and the smart card industry. During his tenure at Arizona Bay, Mr. Gibb has held lead software architect positions with several clients in all facets of the firm's portfolio.

In addition, the Shareholders have approved the change of name of the Corporation from Aloak Corp. to Okalla Corp., subject to TSX Venture approval.

About Aloak Corp.

Aloak is a publicly traded technology company listed on the TSX Venture Exchange under the trading symbol AOK. Through its wholly owned subsidiary, Probilling Inc., the company provides eCommerce payment processing solutions and transaction services to web merchants. Through its wholly owned subsidiary Vesa Software Inc., the company develops, licenses and provides hosting and support services for specialized web applications.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Aloak will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Aloak.



The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

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