OKALLA CORP.
TSX VENTURE : AOK

OKALLA CORP.

September 02, 2005 16:05 ET

Aloak Cancels Acquisition of Interest in SinglesJunction.com Inc. and Private Placement

CALGARY, ALBERTA--(CCNMatthews - Sept. 2, 2005) - Aloak Corp. (TSX VENTURE:AOK) wishes to announce that the agreement entered into with SinglesJunction.com Inc. ("SJI") to acquire a 20% interest in SJI for a cash payment of $90,000 has been terminated as SJL was unable to complete their commitments under the Letter Agreement. Aloak has also cancelled its previously announced non-brokered private placement of 2,000,000 units.

Aloak is continuing to look for new business opportunities.

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